Report ESPI 35/2014

ESPI 35/2014

Subject:  Effect of the transfer of funds from the EU subsidy

Legal basis: Art. 56 sec. 1 point 1 of the act on public offer - confidential information

Report contents:

The Management Board of Krynicki Recykling S.A. (hereinafter, the "Issuer") with its registered office in Olsztyn, would like to announce receiving of the fifth payment under the Project entitled: " Implementation of the author's invention, which will drive long-term growth of the company Krynicki Recycling SA based on innovation" no UDA-POIG.04.06.00-24-031/12-00, in the total amount of 1,342,235.00 PLN of which 15% was paid by the Polish Agency for Enterprise Development in Warsaw on 04 November 2014 and 85% of the amount the Issuer received from Ministry of Finance on 12 November 2014.

This project is realised within the Operational Program - Innovative Economy (Support for the first implementation of the invention , co-financed from the European Regional Development Fund.

The Issuer announced the granted subsidy, and the signed subsidy agreement in reports ESPI no. nr 5/2013 and 33/2013.

SIGNATURES OF THE COMPANY'S REPRESENTATIVES
Date  Name and Surname  Position/Function  Signature
2014-11-12 Adam Krynicki Chairman of the Management Board

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