BITTNET SYSTEMS S.A. (hereinafter referred to as “the Company”) informs the shareholders about contracting of a ceiling product by Dendrio Solutions SRL from Banca Transilvania. The total value is RON 1,000,000 with a maturity of 15 months and allows quick access to the following facilities:

• Corporate credit line;

• Different types of non-cash Guarantee Letters (bank guarantee letters, performance letters, vendor payment guarantee, prepayment, etc.)

The interest for this banking product is: ROBOR3M + 3.8% and is based on the actual value used. The guarantees are as follows:

• Mortgage loan to Dendrio Solutions accounts opened at Banca Transilvania;

• Guarantee from Bittnet Systems

The Beneficiary intends to use this banking product to stop “blocking” its own cash to issue Guarantee Letters and to unlock the current guaranteeing instruments of this kind. Bittnet Systems is the Sole Associate of Dendrio Solutions.

CR36 current report_EN

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