AAA

Current report:

Issue of bonds

Report number: 23/2011 day: 2011-09-30

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 S.A. with its registered office in Kielce ("Issuer", "Company") announces that the Company has issued coupon bonds having the total value of PLN 60,000,000 (read: sixty million).

The nominal value and the issue price of one bond shall be PLN 30,000,000 (read: thirty million zlotys). The bonds shall be redeemed by 31st December 2013 at the latest. The bonds' interest rate has been determined based on the WIBOR 3M variable interest rate increased by the margin for the investors. The interest shall be payable on a quarterly basis. The bonds shall be redeemed at the bonds' nominal value on the redemption date. The issued bonds are not secured.

The value of the liabilities incurred as of the last day of the quarter preceding the release of the offer for acquisition i.e. as of 30 June 2011, amounts to PLN 432.744 thousand.

In the opinion of the Management Board of Barlinek S.A., over the term of the issued bonds, the total debt of Barlinek S.A. shall be maintained at the safe level, while the debt service coverage ratios remain at the levels securing coverage of the liabilities arising from the issued bonds.

The issued bonds constitute 23.6 % of the equity of Barlinek S.A. as of 30th June 2011.

No rights to non-cash benefits to be provided by the Issuer shall be attached to the bonds.

The funds deriving from the issue of the bonds will be spent to increase the working capital of the Capital Group of Barlinek S.A., which shall ensure greater stability and financial liquidity, should the market conditions deteriorate.

Legal basis: Paragraph 5 section 1 item 11 of the Ordinance of the Minister of Finance (Journal of Laws No 33, item 259) of 19th February 2009 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.