AAA

Current report:

Establishing a Maximum Consolidated Mortgage on Assets with a Significant Value

Report number: 29/2009 day: 2009-09-24

Legal basis

Art. 56 para. 1 pt 2 of the Public Tendering (Current and Periodic Information) Act

Contents of the report:

The Management of Barlinek S.A. (the Issuer) hereby announces that it yesterday received information that on September 23rd 2009 Barlinek Inwestycje Sp. z o.o. based in Barlinek (a subsidiary of Barlinek S.A.) received information from the Regional Court in Myśliborz from September 21st 2009 about the registration in the land and mortgage registry of mortgages on property belonging to Barlinek Inwestycje Spółka z o.o. in Barlinek (a subsidiary of Barlinek SA) from Bank Zachodni WBK S.A.

This information concerned the establishment of a maximum consolidated mortgage of 106,000,000 SEK, which on the day the entry was made was equivalent to 43,375,200 zł, on the right of perpetual usufructure on the land and property of the buildings situated at ul. Przemysłowa 1in Barlinek, for which the Regional Court in Myśliborz keeps the land registers nr SZ1M/00037341/7, SZ1M/00037342/4, SZ1M/00036336/2, SZ1M/00036955/7, to safeguard credit granted by Bank Zachodni WBK S.A. to Barlinek S.A. in SEK for a sum equivalent to 22,000,000 PLN on the basis of a credit agreement dated 28.04.2008 with subsequent amendments. The perpetual usufructer of the land is Barlinek Inwestycje Sp. z o.o. based at ul. Przemysłowa 1 in Barlinek.

The registered value of the property in question in the accounts of Barlinek Inwestycje Sp. z o.o. was 10,873,460.15 PLN on 31.08.2009.

There are no significant relations between Barlinek S.A. and Bank Zachodni WBK S.A. There are also no significant relations between persons managing or supervising Barlinek S.A. and persons managing or supervising Bank Zachodni WBK S.A.

The criteria for regarding the assets as being of significant value is that the value of the assets exceeds10% of the equity capital of Barlinek S.A.

Legal basis: § 5 para. 1 pt. 1 of the Finance Ministry decree of February 19th 2009 regarding current and periodic information published by stock issuers and the conditions for considering information equivalent to the requirements of legislation of a non-member state (Journal of Laws Nr 33, item 259).