Disposal of an organised part of the enterprise

With reference to current report no. 56/2013 dated 26 April 2013 pertaining to the conclusion by Polimex-Mostostal S.A. with its registered office in Warsaw at ul. Czackiego 15/17 (hereinafter referred to as the ‘Company’) and company Ocynkownia Śląsk Sp. z o.o. with its registered office in Chrzanów (hereinafter referred to as the ‘Buyer’) of a preliminary contract for sale of an organised part of the Company’s business, i.e. Zakład Zabezpieczeń Antykorozyjnych Branch Division Czestochowa of Czestochowa (hereinafter referred to as the ‘Preliminary Contract’), the Management Board of the Company hereby informs that due to the fulfilment of the conditions precedent provided for in the Preliminary Contract on 17 June 2013 there was concluded a contract for sale with the Buyer regarding sale of an organised part of company Polimex-Mostostal S.A., i.e. Zakład Zabezpieczeń Antykorozyjnych Branch Division Czestochowa (hereinafter referred to as the ‘Promised Contract’).
The Promised Contract does not provide for any contractual penalties or a prerequisite for or effective date of the Contract. It does not deviate from terms generally applicable to this type of contracts.
The sale price of the organised part of the company has been defined in the Promised Contact for the total amount of PLN 47,885,034.38 (in words: forty-seven million, eight hundred and eighty-five thousand, three hundred and forty-four point three eight Polish zlotys) which consists of the sale price of the Zakład (without stocks) amounting to PLN 44,000,000 (forty-four million Polish zlotys) as well as the stock value of Zakład, which on the day of conclusion of the Promised Agreement was estimated at PLN 3,885,034.38 (in words: three million, eight hundred and eighty-five thousand, thirty-four point three eight Polish zlotys).