Conclusion of a conditional contract for the sale of real property

The Management Board of Polimex-Mostostal S.A. with its registered office in Warsaw at ul. Młynarska 42 ("the Company") informs about the conclusion on 10 September 2014 of a conditional contract on the sale of real property between the Company as the Seller and Molina spółka z ograniczoną odpowiedzialnością 5 S.K.A. as the Buyer, the subject matter of which is the sale of the land properties located in Zachodniopomorskie voivodeship, in Szczecin, in the district of Dąbie, at ul. Pomorska 34 with the office building and non-residential building constituting separate properties ("Subject 1"), for which the District Court for Szczecin - Prawobrzeże i Zachód in Szczecin, X Land and Mortgage Register Division, maintains a land and mortgage register KW No. SZ1S/00104886/5 and the land property located in the Zachodniopomorskie voivodeship, in Szczecin, in the district of Dąbie, at ul. Pomorska 34C i 35, as well as the office building and warehouse building constituting separate properties ("Subject 2"), for which the District Court for Szczecin - Prawobrzeże i Zachód in Szczecin, X Land and Mortgage Register Division, maintains a land and mortgage register KW Nr SZ1S/00152873/2 ("Conditional Agreement").

Pursuant to the Agreement, the total gross price for Subject 1 and Subject 2 amounts to PLN 3,813,000

The transfer of ownership agreement ("Transfer Agreement") shall be concluded within 10 days from the date when the conditions stipulated in the Conditional Contract are satisfied, that is, including but not limited to, when the legal office has confirmed that it has received the copies of documents issued by all mortgagers who own mortgages on the Subjects, including their consent to exempt the Subjects from all mortgages and to remove these mortgages from land and mortgage registers maintained for the Subjects; when financing is obtained as a result of which the Buyer shall obtain funds to pay the conditional price stipulated in the Contract; when a written agreement is concluded on the preference right to the acquisition of the Subjects between the Buyer and the Seller.

The price shall be paid by the Buyer in the following manner: the total price shall be transferred to the trust account maintained in the PKO S.A. bank, not later than 1 day before the date the transfer of ownership agreement is concluded.

The conclusion of the Conditional Contract is an element of operational restructuring realisation, of which the Company informed in current report no. 130/2012 on conclusion with financial creditors of the Agreement on the principles of managing the financial debt of the Company and it constitutes the performance of the Company's liabilities resulting from the annex to the Agreement on managing the financial debt, of which the Company informed in detail in current report no. 150/2013 dated 25 October 2013.