Agreement of the subsidiary company

Report no 27

The Management Board of Stalexport Autostrady S.A. makes publicly known that it received from the subsidiary company- Stalexport Autostrada Malopolska S.A. an information that on 27.05.2008 this company concluded the Agreement with three Banks, i.e.: WestLB Bank Polska S.A., Bank Polska Kasa Opieki S.A., DEPFA Bank plc.

The transactions securing against the future Interest Rate Swap the swap of the interest payment flows based on variable interest rate (6M WIBOR), for the interest payment flows based on fixed interest rate, are the subject of the Agreements.
The concluded transactions will secure the flows of interest payments, resulting from current and future debts of the Company in the period: 30.09.2008 to 28.12.2020. The secured flows of the interest payments concern the debt to the amount of PLN 190 m.