Issue of Fast finance bonds – CORRECTON (RB 1/2011)

Legal basis:

Article 56 section 1 item 2 of the Act on Public Offering – current and interim information

Content of the report: 

The Company’s Management Board informs that due to a writing error which occurred in the current report passed through ESPI system today, the wrong value of issue were given

Correct value of issue is PLN 11.270.000

The remaining part of the report has not changed.

The entire content of the report reads as follows:

The Management Board of Fast Finance informs that it issued 11.270 ordinary bearer C series bonds in the total amount of PLN 11.270.000 on 11 January 2011. The above issue of the C series bonds is a third tranche of bonds issued as part of the bond issue scheme amounting to PLN 30 mln. The whole third tranche of bonds was acquired on 11 January 2011. The offeror was Dom Maklerski BPS S.A. The bonds were issued under the following issue conditions:

- the purpose of issue: to gain funds the Issuer intends to use to finance economic activity it conducts

- the value of issue: PLN 11.270.000

- nominal value and issue price of one bond: PLN 1,000

- redemption conditions: the bonds will be redeemed on 11 January 2013

- the interest rate: the interest rate is variable, based on 6 M WIBOR + 6,5 p.p. as per year, half-year interest periods

- security: registered pledge on: (i) receivables from the Issuer’s current account, up to the highest security amount of PLN 28.175.000 PLN, (ii) receivables from the collection of any current and future cash receivables resulting from credit and loan agreements granted by Euro Bank S.A. with its registered seat in Wrocław, and transferred to the Issuer on account of the receivables sale agreement, concluded on 28 September 2009, up to the highest security amount of PLN 28.175.000

- the value of liabilities as on the last day of the quarter preceding submitting the purchase offer: PLN 47.272.000

- projections of liabilities under the bonds, until their complete redemption: PLN 25.000.000

- data allowing prospective bond buyers to gain knowledge in respect of the effects of the undertaking that is to be financed through the bond issue: the Issuer will inform through current reports about next purchases of debt portfolios that will be financed from the issue of C series bonds,

- the Issuer’s capability of meeting the obligations resulting from the bonds: the Issuer has the full capability to meet the obligations resulting from the issued bonds of C series
- valuation of the pledged item carried out by a certified expert: pursuant to article 10 item 2 of the Bonds Act the Issuer had the subject of the Registered Pledge valuated by a certified property expert, Ms Bożena Pustelnik, registered under no 3298. The expert valuated the subject of the registered pledge at the amount of:
(i) PLN 28.191.335,22 which includes the collection of any current and future cash receivables resulting from credit and loan agreements,

(ii) PLN 0,00 which includes current and future receivables from the current account belonging to the Issuer

Signatures of the company’s representatives:

Jacek Longin Daroszewski - Chairman