Conclusion of contract pertaining to the disposal of real property by the subsidiary company

The Management Board of Polimex-Mostostal S.A. with its registered office in Warsaw at ul. Czackiego 15/17 (hereinafter referred to as the "Company") informs of conclusion on 9 December 2013 by the subsidiary company "Polimex Development" Kraków Sp. z o.o. of the contract, the subject of which is the sale of the perpetual usufruct right to the real property located in Kraków for the total gross price of PLN 13,530,000 (“Promised Contract”).

Promised Contract was concluded as a result of fulfilment of the conditions (and waiving of one of them by the buyer) provided in the Conditional Sale Contract of the land property, the subject of which was the sale of the said perpetual usufruct right, of the conclusion of which the Company informed in current report no. 155/2013 of 1 November 2013.

According to the Promised Contract, the price was paid by the buyer to the escrow account of the seller, whereas the seller is obliged to release the subject of the Promised Contract (transfer the ownership and use to the real property) to the buyer not later than on the day of its conclusion.