Cessation of the breach of Material Agreement by the Company

With reference to the current report no. 43/2013 of 2 April 2013 on the breach of Agreement specifying the terms and conditions of financing the Company by the creditors (hereinafter referred to as the ‘Agreement’), the Management Board of Polimex-Mostostal S.A. with its registered office in Warsaw (hereinafter referred to as the ‘Company’) informs that on 9 April 2013 the Company has obtained the consent, arising from the Agreement, of the qualified majority of the creditors for extending the term of obtaining by the Company of lacking PLN 50 million from the issuance of series N1, N2 and O shares until the following dates:

(i)     until 31 May 2013; or

(ii)    until the day of convention and conducting of the General Meeting of the company, if such General Meeting does not adopt a resolution in the course of Article 397 of the Commercial Companies Code or adopts a negative resolution.

Due to obtaining the consent of the creditors, the event of breach of Agreement has ceased, and consequently, the risk of its termination by the creditors of the Company.