AAA

Current report:

Guarantee by the Issuer

Report number: 21/2010 day: 2010-09-09

Legal basic

Art. 56 paragraph 1 item 2 of the Public Offering Act - current and periodic information

Contents of the report:

The Management Board of Barlinek SA (hereinafter "Issuer" or the "Company") hereby announces that on 8 September 2010 the Deed of Guarantee and Indemnity was concluded between the European Bank for Reconstruction and Development (hereinafter referred to as "EBRD") and the Company. Pursuant to the subject agreement, the Company granted to the EBRD the guarantee to pay the monetary liabilities of Barlinek Invest Ltd. (the Ukrainian subsidiary of the Issuer, Barlinek Invest) arising from the credit agreement between the EBRD and the Barlinek Invest (hereinafter "Credit Agreement"). The Issuer announced the conclusion of the Credit Agreement in the current report No. 18/2010 of 3 August 2010. The guarantee provided by the Issuer shall include all monetary liabilities of Barlinek Invest arising from Credit Agreement, namely the obligation to repay the credit loan in the maximum amount of EUR 10,000,000.00 (say: ten million euro), equivalent to 39,494 PLN (say: thirty-nine million four hundred ninety-four thousand Polish Zlotys) according to average exchange rate published by the National Bank of Poland on 8 September 2010, plus interest, fees and other charges payable to the EBRD under the Credit Agreement. The guarantee will remain valid for no longer than until full repayment of the liabilities under the Credit Agreement.

For granting the guarantee, the Company shall receive a remuneration of 2% per year, calculated from the value of the credit granted by the EBRD.

Legal basis: Paragraph 5 section 1 item 7 of the Ordinance of the Minister of Finance of 19th February 2009 item regarding current and periodic information to be submitted by issuers of securities and the conditions for recognition as equivalent of the information whose disclosure is required under the laws of a state which is not an EU member state.(Dz. U. Nr 33 poz.259).