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Computec S.A.

Status: Pending
Court: District Court in Zielona Gora, 5th Commercial Division, Bankruptcy and Restructuring Section

Dear Sirs,

We inform you that, pursuant to the decision of the District Court in Zielona Gora, 5th Commercial Division, Bankruptcy and Restructuring Section, of 23 September 2016 (case file No. V GRp 2/16), a fast-track arrangement proceeding was opened for COMPUTEC S.A. with its seat in Swiebodzin (hereinafter: the “Company”). Zimmerman Filipiak Restrukturyzacja S.A. was appointed the court-appointed supervisor for the proceeding. Tomasz Biskup, District Court Judge holds the position of the judge-commissioner.

The opening of the restructuring proceeding does not adversely affect the operations of COMPUTEC S.A..

The Company conducts business activity, performs concluded contracts and may enter into new contracts, as it did before.

The fundamental change is about:

Protection of the Company against execution proceedings (a prohibition against initiating execution against COMPUTEC S.A.)

And the fact that any debts which originated before 23 September 2016 will be restructured in line with the principles set forth in the arrangement proposals (the arrangement proposals will be served on each creditor at the address of the creditor’s registered office in the next few weeks).

The court-appointed supervisor supervises compliance with the law and the current operations of COMPUTEC S.A. Without the consent of the court-appointed supervisor, the Company may not perform any actions which go beyond the so-called ordinary management.

In any matters pertaining to the course of the restructuring proceeding, the supervisor contacts the creditors via e-mail. Please send any correspondence to the following address: computec@zfrsa.pl.