AAA

Current report:

Annulment of Major Credit Contracts.

Report number: 9/2006 day: 2006-02-07

The management of "BARLINEK" S.A. hereby announces that on February 6th 2006 it received a letter from BRE Bank S.A. dated February 2nd 2006 certifying that as a result of the complete repayment of Barlinek S.A.’s liabilities arising from:

1. The credit contract for PLN investment credit, no. 31/002/03/Z/IN of January 22nd 2003 with subsequent amendments,
2. The credit contract for PLN investment credit, no. 31/002/0/Z/IN of March 25th 2004 with subsequent amendments,

the aforementioned Contracts have been annulled.

The annulment of the Contracts is in connection with the realisation of Contract no. 24/CKK/2005 for investment credit signed by Barlinek S.A. with Bank Polska Kasa Opieki S.A., based in Warsaw, which was announced by Barlinek S.A. in Current Report no. 54/2005 of December 28th 2005. This credit was allocated for the repayment of investment credits taken out in ING Bank Śląski S.A., BZ WBK S.A. and two investment credits in BRE Bank S.A.

The management of Barlinek S.A. does not foresee any additional costs to Barlinek S.A. arising from the annulment of the credit Contracts, apart from the costs of freeing the guarantees.