Conclusion of a conditional contract of sale of real properties

The Management Board of Polimex-Mostostal S.A. having its registered office in Warsaw at ul. Jana Pawła II 12 (hereinafter referred to as the ‘Company’) hereby informs that they received information on execution on 29.12.2015 of a preliminary contract of sale of real properties between the Company acting in the capacity of the Seller and SPEC REM Urządzenia Specjalistyczne Spółka z ograniczoną odpowiedzialnością (limited liability company) having its registered office in Płock, acting in the capacity of the Buyer, the subject matter of which is a real property located in Płock, gmina of Płock, Mazowieckie Voivodeship, with respect to which the 6th Division of Land and Mortgage Register maintains a land and mortgage register number Kw PL1P/00081265/1 (hereinafter referred to as the ‘Real Property’) (hereinafter referred to as the 'Preliminary Contract').

Pursuant to the Preliminary Contract, the total price for the Real Property shall amount to PLN 562,575.00 (hereinafter referred to as the ‘Price’).

Execution of an agreement transferring the ownership of the Real Property (hereinafter referred to as the ‘Final Agreement’) shall depend on fulfilment of the conditions stipulated in the Preliminary Contract, inter alia: (i) obtainment of documents issued by all the mortgagees holding collaterals in the form of mortgage and expressing their consent to release all the mortgages and to delete the mortgages in the land and mortgage registers.

The Parties agreed on automatic termination of the Conditional Contract as of 31 March 2016 inclusive if all the conditions are not fulfilled (and the Buyer does not waive the obligation that the conditions shall be fulfilled).

The signing of the Conditional Contract is an element of organisational restructuring of which the Company informed in current report no. 130/2012 regarding the Company and its financial creditors entering into an agreement regarding the principles of financial debt management, and performance of the obligations of the Company arising from the annex to the contract regarding the financial debt management of which the Company informed in detail in current report no. 150/2013 dated 25 October 2013.