Confidential information - breach of material Agreement

With reference to the current report no. 130/2012 dated 21 December 2012 on conclusion by Polimex-Mostostal S.A. (“Company”) with banks and bondholders (“Creditors”) of agreement specifying the terms and conditions of financing the Company by the Creditors (“Agreement”), the Management Board informs that the Company did not pay to the following Medium Exposure Banks (i.e. the banks which are not a party to the Agreement): BNP Paribas Bank Polska S.A., Deutsche Bank Polska S.A., Raiffeisen Bank Polska S.A. and RBS Bank (Polska) S.A. of payments of recourse claims, which became due on 2 May 2014. The abovementioned constitutes the breach by the Company of the provisions of the Statements made by the abovementioned Medium Exposure Banks on 21 December 2012 with respect to timely payment by the Company of payments of recourse claims for the payments under guarantees made by those banks issued at the request of the Company.

The abovementioned incident also constitutes a breach of Agreement, which in the case of it not being cured within 10 working days, shall entitle the Majority Creditors to terminate the Agreement.