Management Board’s report justifying the merger with 6 subsidiary companies.

Current report no. 40/2010

With reference to the current report no. 27/2010 dated 27 April 2010, the Management Board of Polimex-Mostostal S.A. informs that on 10 June 2010 they adopted and signed the Management Board’s report justifying the merger of Polimex-Mostostal S.A. and Energomontaż-Północ S.A., Naftoremont Sp. z o.o., Zakłady Remontowe Energetyki Kraków Sp. z o.o., Zakłady Remontowe Energetyki Lublin S.A., EPE-Rybnik Sp. z o.o., ECeRemont Sp. z o.o. as part of reorganisation of the Polimex-Mostostal S.A. Capital Group. The report of the Management Board of Polimex-Mostostal S.A. justifying the merger constitutes an annex to this current report.