Signing of an Agreement on renewable working capital loan in PLN with Powszechna Kasa Oszczędności Bank Polski S.A.

The Management Board of Polimex-Mostostal S.A. with its registered office in Warsaw at ul. Czackiego 15/17 informs that on 19 December 2011 it received, as signed by Powszechna Kasa Oszczędności Bank Polski S.A, an Agreement on renewable working capital loan in PLN.

Within the framework of the above-mentioned Agreement Polimex-Mostostal will use the granted loan in the amount of PLN 100,000,000.00 as the renewable loan until 30 June 2013 that will be subsequently converted into non-renewable loan with the monthly repayment of principal instalments until 30 June 2014.

The loan agreement collateral, interest rate and other charges have been defined on arm’s length basis.

The value of the Issuer's equity capital has been assumed to be the criterion for considering the Contract to be material.