Current Report nr. 03 / 2022

Current report according to

Law 24/2017, FSA Reg 5/2018

Date of report

02.02.2022

Name of the issuing entity

BITTNET SYSTEMS S.A.

Legal Adress

Strada Șoimus Nr. 23, Bloc 2, Apartament 24, Sector 4,

Bucuresti

Adress

Strada Tudor Arghezi 8-10, București 020945

Telefon/Fax

021.527.16.00 / 021.527.16.98

Fiscal Code

21181848

Number with the Trade Registration

J40/3752/2007

The market where the securities issued are traded:

Segment: BSE Main Market; Category: Standard

Ticker

BNET - shares

BNET23, BNET23A, BNET23C - bonds

Subscribed and paid share capital

48,043,690.40 RON

Total number of shares

480.436.904 shares face value RON 0.10 per share

Signing of a credit contract UniCredit Bank - Elian

Solutions

BITTNET SYSTEMS S.A. (hereinafter referred to as the "Company" / "Issuer") informs the investors about signing the additional contract for extension of a revolving overdraft facility, by Elian Solutions SRL from Unicredit Bank.

The agreement was extended for a period of 12 months and supplemented from RON 450,000 to RON

800,000 under the following conditions:

  • Interest rate: ROBOR3M+3%
  • Maturity of the facility: February 2023
  • Destination: financing the working capital and the current activity
  • Guarantee structure: mortgage on Elian Solutions SRL accounts with Unicredit, assignment of receivables and Corporate guarantee letter issued by Bittnet Systems SA.

Bittnet Systems SA owns 51% of Elian Solutions SRL shares.

President of the Board

Mihai Alexandru Constantin Logofatu

Pagina 2 din 2

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Disclaimer

Bittnet Systems SA published this content on 02 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2022 16:08:11 UTC.