Extension of maturity overdraft ceiling ING Bank – Dendrio Solutions

BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) informs the investors about signing of the additional act of extending for the credit agreement with ING Bank NV Amsterdam – Bucharest Branch by Dendrio Solutions SRL, due in November 2019. The extension was made for 12 months and under the same conditions as the initial agreement: • Total overdraft value: RON 2,000,000 • Destination of the facility: financing the working capital and current activity of Dendrio Solutions • Maturity of the facility: 21.11.2020 • Interest rate: ROBOR1M + 2.9% p.a. The structure of the guarantees for this banking product has remained unchanged: promissory note “in white” without protest issued by Dendrio Solutions SRL and endorsed by Bittnet Systems SA and mortgage on banking accounts opened at ING Bank. Bittnet Systems SA is the Sole Associate of Dendrio Solutions SRL.

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