Conclusion of contract pertaining to the disposal of real property

The Management Board of Polimex-Mostostal S.A. with its registered office in Warsaw at ul. Młynarska 42 ("Company") informs about the conclusion on 21 July 2014 of a conditional contract on the sale of real property between the Company as the Seller and Molina spółka z ograniczoną odpowiedzialnością 4 S.K.A. as the Buyer, the subject matter of which is the sale of the land properties with all its buildings, structures and devices, located in Biała Nowa, for which the District Court for Płock VI Land and Mortgage Register Division maintains a land and mortgage register KW No PL1P/00117376/4. According to the contract, the total gross price amounts to PLN 901,277.19 ("Conditional Contract"). 

The promised contract shall be concluded as a result of fulfilment of the conditions provided for in the Conditional Contract. The conclusion of the promised contract shall take place within 10 days from the fulfilment of the conditions provided in the Conditional Contract. The price shall be paid by the Buyer to the escrow account of the seller.

The conclusion of the Conditional Contract is an element of operational restructuring realisation, of which the Company informed in current report no 130/2012 on conclusion with financial creditors of the Agreement on the principles of managing the financial debt of the Company and constitutes performance of the Company's liabilities resulting from the annex to the Agreement on managing the financial debt, of which the Company informed in detail in current report no 150/2013 dated 25 October 2013.