Conclusion of promised contract for the disposal of real property

With reference to current report no. 32/2014 dated 20 February 2014, the Management Board of Polimex-Mostostal S.A. with its registered office in Warsaw at ul. Czackiego 15/17 ("the Company") informs of conclusion on 28 March 2014 between the Company as a seller and Molina Sp. z o.o. 5 S.K.A. as a buyer of a contract transferring the right of perpetual usufruct of real property and the ownership of the building having a separate ownership title from the land, the subject matter of which is the sale of the right of perpetual usufruct of a real property located in Warsaw at ul. Czackiego 15/17 and separate ownership of a real property being an office building, for which the District Court for Warsaw-Mokotów in Warsaw, X Land and Mortgage Register Division maintains a land and mortgage register Kw no. WA4M/00192815/3 for the gross price of PLN 30,750,000.00 (thirty million seven hundred fifty thousand zlotys)("the Promised Contract").

The Promised Contract was concluded as a result of fulfillment of the conditions (and waiving of one of them by the buyer) provided for in the Conditional Contract for the disposal of the real property concluded between the same entities, of the conclusion of which the Company informed in current report no. 32/2014 of 20 February 2014. The price was paid by the buyer to the escrow account of the seller, whereas the seller has undertaken to release the subject of the Promised Contract to the buyer not later than on 2 April 2014.

Pursuant to the Promised Contract, the proprietary copyrights to the full design documentation related to the investment on the sold real property were transferred to the buyer together with the warranty rights and guarantee deposit granted to the buyer.

The conclusion of the Promised Contract is an element of operational restructuring realisation, of which the Company informed in current report no. 130/2012 dated 22 December 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.