Significant agreement with a subsidiary KOLB sp. z o.o.

On 25 February 2011 Stalprofil SA (the seller) has signed commercial agreement of cooperation with its subsidiary KOLB sp. z o.o. established in Kolonowskie (the buyer). Concluded agreement specifies the terms and conditions under which the buyer purchases steel products from the seller in 2011.

Deliveries of steel products will be implemented by Stalprofil SA to the buyer according to the filed sub-contracts for the duration of the contract, ie until 31 December 2011.
The value of supplies of steel products in 2011 which will be made on the basis of the contract is estimated by the Company to approximately PLN 17.500.000 (net).
The conditions under which the contract has been signed are similar to those commonly used for these type of contracts.
Concluded agreement meets the criterion of a significant agreement because its value exceeds 10% of the equity of the issuer.