AAA

Current report:

Entering into a significant credit agreement

Report number: 1/2009 day: 2009-01-05

Pertaining to article 56 item 1 point 2 of the public offering law – current and interim information

Contents:

The Management Board of Barlinek S.A. company seated in Kielce (hereinafter referred to as the “Issuer”) informs that on 5 January 2009 it was informed by the Issuer's plenipotentiary that a credit agreement (hereinafter referred to as the “Credit Agreement”) was concluded on 31 December 2008 between the Issuer and Barlinek Inwestycje Sp. z o.o. - an entity that is a 100% subsidiary of Barlinek S.A. seated in Barlinek, ul. Przemysłowa 1, as the Borrowers and Amro Bank (Polska) S.A seated in Warsaw, ul. 1–go Sierpnia 8A, entered into the register of entrepreneurs kept by the District Court for the City of Warsaw, 13th Economic Department of the National Court Register under no KRS 0000020489 (hereinafter referred to as the “Bank”).

The Bank granted a revolving credit to the Borrowers on their current accounts held separately for each Borrower up to the total amount of PLN 50,000,000 (say: fifty million zloty) for the purpose of financing their ongoing activities (hereinafter referred to as the “Credit”).

Under the Credit Agreement the following securities have been or will be established for the Bank: - registered pledge on goods and raw materials for production of Barlinek Inwestycje Sp. z o.o. and possessed by Barlinek Inwestycje Sp. z o.o., that is inventories and ready products up to the amount of PLN 76,063,416.67. This registered pledge will be established when it is entered to the register of pledges. - Issuer's and Barlinek Inwestycje Sp. z o.o.'s voluntarily submission to an enforcement procedure of the Bank's rights, - an assignment of rights under insurance policies covering goods and raw materials for production subject to the registered pledge established in favour of the Bank.

The documents that established the above securities in favour of the Bank were signed together with the Credit Agreement on 31 December 2008. The credit shall be available until 31 December 2009. It is the final credit repayment date. The Bank shall charge interests on the credit that are to be determined on the basis of T/N WIBOR rate plus the Bank's margin.

The above Credit Agreement together with the agreements establishing the Credit's securities is a significant agreement since the value of the subject of the agreement exceeds 10% of the Issuer's equity. The agreement does not contain provisions other that provisions that are widely used in the agreements of such type. There are no relationships between Barlinek S.A. or persons belonging to its management and the Bank or persons belonging to its management, in favour of which the Credit collaterals are to be established.

Pertaining to article 5 item 1 points 1 and 3 of the regulation of the Minister of Finance on current and interim information submitted by issuers of securities of 19 October 2005 [Journal of Laws of 2005, no 209, item 1744].