Current report no. 10/2021 - Change of the bond issuance program and thebonds issue under consideration

Date: 10 September 2021

Body of the report:

The Management Board of DINO POLSKA S.A. ("Company") reports that itadopted a resolution today, i.e. 10 September 2021 to raise the totalamount to which the Company can issue bonds from PLN 500,000,000 to PLN1,000,000,000 under the Bond Issuance Program of whose establishment theCompany reported on 21 September 2017 in current report 19/2007.

The purpose of this Program is to diversify funding sources and optimizethe Company's operating expenses. The proceeds obtained under the BondIssuance Program will be earmarked to develop the Dino store network andthe Company's distribution centers.

In parallel, the Company reports that it is giving consideration toconducting a bond issue under the Bond Issuance Program. Subject tosatisfactory conditions on the debt securities market, the Company willissue bonds with the following borderline parameters:1. thebonds will be issued in the form of bonds secured by sureties granted byselected companies in the Company's group;2. the bonds will beissued under a procedure of being offered for purchase pursuant to art.33 item 1 of the Bond Act of 15 January 2015 in a manner that will notrequire the Company to prepare a prospectus or information memorandum;3.the bonds will be issued in book-entry form and will be recorded inKrajowy Depozyt Papierów Wartościowych S.A. (National SecuritiesDepository);4. the bonds will be traded in the alternative tradingsystem run by Warsaw Stock Exchange S.A.;5. the Company'sperformances by virtue of the bonds will be purely financial and willinvolve the payment of the nominal value and interest;6. the bondinterest will be floating interest.

The specific parameters of the bonds, the bond tenor, the issue size andthe interest rate will be determined in the bookbuilding process thatwill be conducted during the bond issuance process. The Company's finaldecision on issuing the bonds and the specific conditions for that willbe made at the stage when the Company's Management Board adopts thepertinent resolution. If the bond issue is completed, the Company willpublish the relevant information in a separate report.