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52. Subsequent events

On 7 January 2016 ENEA S.A. drew in the second tranche of the loan from the European Investment Bank in the amount of PLN 100 000 thousand. The interest rate of the tranche is floating and based on WIBOR for 6-month deposit plus bank margin.

On 7 August 2015 ENEA Wytwarzanie Sp. z o.o. and Fen Wind Farm B.V. signed a Conditional Preliminary Agreement for the purchase of 100% of shares in a special purpose entity Eco-Power Sp. z o.o., which owns wind farm Skoczykłody with a capacity of 36 MW. The amount of the transaction is PLN 286 500 thousand plus any accruals which should not exceed PLN 250 thousand as at the closing date of the transaction, i.e. 5 February 2016. Would the transaction be conluded after that date, the level of additional amount would increase by the profit on energy and certificates of origin sales. This results from the pricing formula set in the agreement.

On 5 February 2016 the agreement was to be signed. As at the date of these consolidated financial statements, the Company analyses the suspending conditions set in the agreement. The Company has not set up the new date for the contract conclusion.