Sale agreement of real estate

The Management Board of Stalexport S.A., informs that on 12.01.2006 the company Stalexport S.A. signed with a company located in Warsaw, a preliminary agreement for sale of the real estate. The preliminary sale agreement amounts to 62 m zloty net.

The agreement in question concerns the sale of real estate located in Warsaw at Obrzeźna Street (right of perpetual usufruct), with total area of 45 622 sq m, together with buildings and constructions (property right) with surface of 9 769 sq m.

"The promised agreement" is to be concluded till 15.02.2006, however the Buyer has the right to extend the date of concluding "the promised agreement" not later than till 15.03.2006.