Conclusion of the contract pertaining to the disposal of real property by the Company
With reference to current report no. 199/2013 dated 20 December 2013, the Management Board of Polimex-Mostostal S.A. with its registered office in Warsaw at ul. Czackiego 15/17 ("Company") hereby informs about conclusion of a contract on 25 June 2014 for transfer of ownership of real property as the execution of a conditional contract for sale concluded between the Company as the seller and Molina Sp. z o.o. as the buyer, whose subject matter is the sale of land property of 0,0595 ha, located in Katowice, in the Bogucice-Zawodzie district at ul. Wita Stwosza 3, for which the District Court Katowice-Wschód in Katowice XI Land and Mortgage Register Division maintains a land register KW No KA1K/00017121/8 for the gross price of PLN 7,380,000.00 ("Promised Contract").
The Promised Contract was concluded as a result of fulfilment of conditions (and waiving of one of them by the buyer) provided for in the conditional contract for sale of the land property concluded between the same entities.
According to the Promised Contract, the price was paid by the buyer to the escrow account of the seller, whereas the seller released the subject of the Promised Contract to the buyer on the day of its conclusion.
The conclusion of the Promised Contract is an element of operational reorganization, of which the Company informed in current report no. 130/2012 on conclusion with financial creditors of an 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.