Transaction securing against exchange rate risk

The Management Board of Polimex-Mostostal S.A. with its registered office in Warsaw at ul. Czackiego 15/17 informs that on 4 April 2011 the Issuer signed a confirmation of a forward transactions contract concluded on 31 March 2011 with Deutsche Bank Polska S.A., aimed at securing against exchange rate risk related to the realisation of revenues in foreign currencies.

Total nominal value of the forward contract has been specified at EUR 2,673,000.00 which converted into Polish zloty in accordance with the mid-market exchange rate applied by the NBP (Narodowy Bank Polski – the National Bank of Poland) amounts to the equivalent of PLN 10,778,872.50.

The subject forward contracts will be settled in four tranches during the period from June 2011 to September 2011.

Total value of all derivative transactions in foreign currencies, concluded by the Issuer in the last 12 months under the Framework Agreement dated 24 October 2008 concluded with Deutsche Bank

Polska S.A. amounted to EUR 25,630,000.00 which converted into Polish zloty in accordance with the mid-market exchange rate applied by the NBP (Narodowy Bank Polski – the National Bank of Poland) amounts to the equivalent of PLN 103,352,975.00.

The transactions have been concluded on market terms which do not differ from terms generally applied to such financial transactions.

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