Major capital deposits and equity investments in 2016

On 20 January 2016, the Shareholders’ Meeting of Budimex A Sp. z o.o. (a subsidiary of Budimex SA) resolved to increase the company’s share capital by PLN 50 thousand, i.e. from PLN 175 thousand to PLN 225 thousand by creating 1 000 shares of a nominal value of PLN 50 each, which were acquired entirely by Budimex SA. The above share capital increase was registered in the National Court Register on 24 February 2016.

On 12 February 2016, the partnership deed of Budimex SA – Ferrovial Agroman SA 2 s.c. was signed. Budimex SA holds 95 per cent of the shares in this partnership, and Ferrovial Agroman SA holds the remaining 5 per cent.

On 25 February 2016, Budimex Inwestycje “Grunwald” SA was entered in the National Court Register. Budimex SA holds 100 per cent of the shares in this company with a nominal value of PLN 100 thousand.

On 9 March 2016, the partnership deed of Budimex SA – Cadagua SA III s.c. was signed. Budimex SA holds 60 per cent of the shares in this partnership, and Cadagua SA holds the remaining 40 per cent.

On 1 August 2016, the partnership deed of Budimex SA – Cadagua SA IV s.c. was signed. Budimex SA holds 60 per cent of the shares in this company, and Cadagua SA holds the remaining 40 per cent.

On 7 December 2016, the partnership deed of Budimex SA – Cadagua SA V s.c. was signed. Budimex SA holds 60 per cent of the shares in this company, and Cadagua SA holds the remaining 40 per cent.

Information about borrowings granted during the accounting year, including in particular borrowings granted to related parties

On 4 January 2016, Budimex SA signed a borrowing agreement with FBSerwis SA (an associate of Budimex SA), valid until 4 January 2021. Budimex SA provided FBSerwis with a borrowing in the amount of up to PLN 13 720 thousand. Pursuant to the agreement, the interest on the borrowing was agreed at 3M WIBOR + margin. As at 31 December 2016, the borrowing was utilised in the amount of PLN 9 163 thousand.