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 25 August 2014 of a conditional contract for sale of real property between the Company as the Seller and Molina spółka z ograniczoną odpowiedzialnością 4 S.K.A. as the Buyer, the subject matter of which is the sale of the land properties with all its buildings constituting separate properties, structures and devices constituting separate properties, located in the Mazowieckie voivodeship, in Ostrołęka ("Subject") for which the District Court for Ostrołęka VI Land and Mortgage Register Division maintains a land and mortgage register KW Nr OS1O/00040968/6. Pursuant to the contract the total gross price amounts to PLN 3,444.000 ("Conditional Contract").

The transfer of ownership 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 Subject, including their consent to exempt the Subject from all mortgages and to remove these mortgages from land and mortgage registers maintained for the Subject; when the financing is obtained as a result of which the Buyer shall obtain funds to pay the conditional price stipulated in the Contract.

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.