AAA

Current report:

Signing of a major agreement

Report number: 23/2010 day: 2010-10-07

Legal basis

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 in Kielce (the "Issuer" or the "Company") announces the receipt on 06 October 2010 of two factoring agreements signed by circulation, which together with the credit agreement concluded earlier with the same entity, meet the criterion of a significant agreement. Total value of agreements is 35,657,454 PLN, which exceeds 10% of the Issuer's equity.

The Company entered with Alior Bank SA in Warsaw into two factoring agreements and a credit agreement.

The subject of the agreement of the highest value is that Alior Bank SA shall provide factoring services for Barlinek SA for a remuneration that is typical of other agreements of this type currently on the market. Other terms are similar to those commonly used for agreements of this type.

Limit of the acquired liability was set at 16,000,000 PLN (say: 16 million Polish Zlotys).

The agreement was concluded for a fixed period until 25 January 2012.

Legal basis: Paragraph 5 section 1 item 3 of the Ordinance of the Minister of Finance of 19th February 2009 regarding current and periodic information