Signing a new Debt Limit Agreement with Raiffeisen Bank Polska S.A.

The Management Board of Polimex-Mostostal S.A. with its registered office in Warsaw at ul. Czackiego 15/17, with reference to the current report No. 48/2011 published on 10 August 2011 informs that on 14 December 2011 it received a new Debt Limit Agreement, signed by Raiffeisen Bank Polska S.A.

The Debt Limit Agreement in question changes the current structure of financing. Within the granted limit in the amount of PLN 100,000,000.00, Polimex-Mostostal will:

- issue bank guarantees up to the amount of PLN 100,000,000.00,

- issue commercial guarantees up to the amount of PLN 60,000,000.00,

- use the factoring services up to the amount of PLN 60,000,000.00,

assuming that the amount of debt resulting from using up the limit in the aforementioned forms does not exceed the amount of the limit.

Pursuant to the new Agreement, the last day for placing orders for bank and commercial guarantees is 30 September 2012 and 28 February 2012 for factoring services.

The final day for payment for the product in the case of bank guarantees is 27 December 2018 and in the case of commercial guarantees and factoring services it is 30 September 2012.

Securities of the aforementioned Agreement and the amount of commission and charges have been agreed upon on market terms.

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