ELKO Grupa prolongs and increases the amount of syndicated loan for financing current assets of more than 78 million USD

On 29th July, 2016 was signed an agreement with Nordea, SEB bank and Swedbank for the prolonging of the syndicate loan ensuring financing of current assets over 63 million USD, and accessing OP Bank the loan was increased by 15 million USD, reaching more than 78 million USD in total.

| Source: ELKO Grupa ELKO Grupa

About ELKO Group

Founded in 1993 and is one of the largest IT product wholesalers and IT solutions and services distributors in Eastern Europe, now also actively expanding to Central Asian market. ELKO represents more than 120 IT vendors and sells their goods to more than 6500 retailers, local computer producers and system integrators. ELKO offers more than 20 000 product titles from the most famous vendors.

Further information: elkogroup.com

         Inese Kalveite
         Marketing and Communication Director
         ELKO Grupa AS
         Phone: + 371 6709 3214
         e-mail: inese.kalveite@elkogroup.com
         www.elkogroup.com