Conclusion of a significant contract.

he Management Board of Polimex-Mostostal S.A. with its registered office in Warsaw (hereinafter referred to as “the Company”) at ul. Czackiego 15/17, with reference to the current report nr 96 of 15 October informs that on 28 December 2012 Share Subscription Agreement has been concluded between Polimex-Mostostal S.A. and ING Otwarty Fundusz Emerytalny (hereinafter referred to as “the Subscribing Party”) represented by ING Powszechne Towarzystwo Emerytalne S.A. with its registered office in Warsaw. The Company has hereby made the bid and the Subscribing Party accepted the bid for subscription of 75 543 585 series N1 shares for the total issue price of PLN 39 282 664.20 in return for financial contribution in the amount of PLN 39 282 664.20 pursuant to the provisions of Article 431 (2) item 1 of the CCC.

Due to the fact that the Subscribed Shares are in the dematerialised form, the issuing thereof shall take place pursuant to the Agreement by means of registering them on the securities account of the Subscribing Party.

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