Current report no: 72/2011
Date: 03.10.2011

Change of the terms and conditions for using bank products available to the Issuer by Kredyt Bank S.A. and fulfilment of the condition precedent of selling some of the shares of Amontex

The Management Board of Energomontaż-Południe S.A. (the Issuer, the Company) announces that on 3 October 2011 it received a declaration from Kredyt Bank S.A. (the Bank) regarding a change to the terms and conditions regarding the use of bank products made available to the Issuer by the Bank, as described below:
• The repayment schedule of the investment loan whose granting the Issuer reported in Current Report No. 56/2008 of 13 June 2008 has been changed. Pursuant to this change, the amount of the loan outstanding, PLN 6 million, will be repaid in 16 monthly instalments starting from 30 September 2011 and ending on 31 December 2012; at the same time, additional security has been created for the above loan, in the form of a transfer of sums payable under contracts, amounting to PLN 5 million, plus a civil-law surety from PBG S.A. amounting to PLN 5.5 million;
• The period of crediting the current account with a working capital loan of PLN 5 million, granted to the Company on 1 July 2008, has been extended until 30 September 2012; at the same time, additional security has been issued for the above loan, in the form of a transfer of sums payable under contracts, up to PLN 6 million, plus a civil-law surety from PBG S.A. amounting to PLN 6.6 million;
• A guarantee credit line of PLN 10 million has been extended, and its availability established for a period until 30 September 2012, the validity of this line lasting until 30 September 2018; at the same time, additional security has been established for the above guarantee line, in the form of a transfer of sums payable under contracts, up to PLN 10 million, plus a civil-law surety from PBG S.A. amounting to PLN 11 million;

At the same time, with reference to Current Report No. 63/2011 of 19 August 2011 regarding the sale of shares of Amontex Przedsiębiorstwo Montażowe Sp. z o.o. (Amontex), the Company announces that on 3 October 2011 the bank in whose favour a registered pledge for 296 Amontex shares was established, i.e. Kredyt Bank S.A, gave its consent for the sale of the above shares by the Issuer and released the registered pledge on the shares in question. The condition precedent involving the sale of 296 Amontex shares, discussed in the current report in question, has thus been fulfilled.

Legal grounds: Article 56 par. 5 of the Act on Offerings – information update

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