Termination of a loan contract concluded with Agencja Rozwoju Przemysłu S.A., and receipt of a declaration of release of collaterals.

With reference to current report no. 81/2012, the Management Board of Polimex-Mostostal S.A. with its registered office in Warsaw at ul. Czackiego 15/17 hereby informs that upon request of the Company, as accepted by Agencja Rozwoju Przemysłu, loan contract no. OPP/3/2012 of 20 September 2012 for the amount of PLN 45 million was terminated prior to Polimex-Mostostal S.A. fulfilling the prerequisites for release of the loan.

Due to termination of the aforementioned loan contract Agencja Rozwoju Przemysłu S.A. provided the Company with a declaration of release of the following collaterals:

· joint mortgage in field 1 on the real property located in Gdynia which is subject to Polimex-Mostostal S.A. perpetual usufruct right, and assignment in favour of ARP of receivables under insurance policies within the scope pertaining to the insurance of the aforementioned real property;

· registered pledge in field 1 regarding interests in a subsidiary company – Energomontaż Północ Gdynia Sp. z o.o.;

· statement on submission to execution pursuant to Article 777 § 1 item 5 of the Code of Civil Procedure;

· blank promissory note issued by the Company.

Polimex-Mostostal S.A. requested termination of bridge loan contract no. OPP/3/2012 until sale of the assets constituting security thereof as, in relation to conclusion with MARS Fundusz Inwestycyjny Zamknięty of a Preliminary Contract of Sale of shares in the subsidiary company Energomontaż Północ Gdynia and with conclusion with Mars Finance 1 Sp. z o.o. of a contract of sale of the real property located in Gdynia which is subject to Polimex-Mostostal S.A. perpetual usufruct right – see current report no. 102/2012 of 25.10.2012 – obtainment of a bridge loan became pointless.

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