1. Uzdrowisko Świeradów-Czerniawa Spółka z ograniczoną odpowiedzialnością with registered office in Świeradów Zdrój;
2. Uzdrowisko Cieplice Spółka z ograniczoną odpowiedzialnością with registered office in Jelenia Góra;
3. Uzdrowisko Szczawno-Jedlina Spółka Akcyjna with registered office in Szczawno Zdrój.

Minister of Treasury seated in Warsaw, ul. Krucza 36/Wspólna 6, 00-522 Warszawa, acting on behalf of the Treasury, pursuant to Article 33 (1) (3) of the Commercialisation and Privatisation Act of 30 August 1996 (consolidated text: Journal of Laws of 2002 No. 171 item 1397, as amended), hereinafter referred to as the “Act,” and the Resolution of the Council of Ministers of 17 February 2009 on the Detailed Procedure of Disposal of Treasury-owned Shares (Journal of Laws No. 34, item 264, as amended), extends to all interested entities an invitation to negotiations for the purchase of
- 13,459 (say: thirteen thousand four hundred and fifty-nine) Treasury-owned shares with nominal value of PLN 500 (say: five hundred zloty) each, constituting 87.74% of the share capital of Uzdrowisko Świeradów-Czerniawa Spółka z ograniczoną odpowiedzialnością with registered office in Świeradów Zdrój, ul. Zdrojowa 2, 59-850 Świeradów Zdrój, entered in the register of entrepreneurs of the National Court Register kept by the District Court for Wrocław-Fabryczna, 9th Economic Division of the National Court Register, under the KRS No. 0000018377;
- 114,290 (say: one hundred and fourteen thousand two hundred and ninety) Treasury-owned shares with nominal value of PLN 50 (say: fifty zloty) each, constituting 89.71% of the share capital of Uzdrowisko Cieplice Spółka z ograniczoną odpowiedzialnością with registered office in Jelenia Góra, ul. Ściegiennego 5/7, 58-560 Jelenia Góra, entered in the register of entrepreneurs of the National Court Register kept by the District Court for Wrocław-Fabryczna, 9th Economic Division of the National Court Register, under the KRS No. 0000041979,
- 1,179,500 (say: one million one hundred and seventy-nine thousand five hundred) Treasury-owned shares with nominal value of PLN 10 (say: ten zloty) each, constituting 92.15% of the share capital of Uzdrowisko Szczawno-Jedlina Spółka Akcyjna
with registered office in Szczawno Zdrój, ul. Ratuszowa 1, 58-310 Szczawno Zdrój, entered in the register of entrepreneurs of the National Court Register kept by the District Court for Wrocław-Fabryczna, 9th Economic Division of the National Court Register, under the KRS No. 0000110745.

The above companies are hereinafter jointly referred to as “Companies.”
Pursuant to Article 36 of the Act, eligible employees are entitled to acquire free of charge up to 15% of the shares that were acquired by the Treasury on the day when the Companies were entered in the register. The Minister of Treasury envisages that the shares which are not acquired by the eligible employees may be alienated to the entity selected as a result of these negotiations in the event that the right of such eligible employees to acquire these shares free of charge expires.

The objects of all Companies are services related to medical and health care, convalescent care and relaxation. Additionally, Uzdrowisko Szczawno-Jedlina Spółka Akcyjna with registered office in Szczawno Zdrój produces therapeutic and mineral water.

All entities, hereinafter referred to as “Potential Investors,” who by 26 February 2010 will submit their declarations of interest and present the details identifying the Potential Investor, i.e. a transcript from the Register of Entrepreneurs from the National Court Register / the certificate of entry in the register of business activity, reflecting the current standing of the entity (issued not earlier than three months prior to the date of submission)
and, possibly, letters of attorney; and if the interested party is a natural person who is not an entrepreneur – present an identity document and, possibly, letters of attorney, and upon signing of the “Confidentiality Obligation” document by the duly authorised representatives of a Potential Investor, will receive, as of the day following the day of publishing this invitation, the “Company Memorandum,” issued for each Company individually, containing the basic information on the Companies’ legal, economic and financial standing, share acquiring procedure and the structure of replies to the public invitation for negotiations. The fee for the “Company Memorandum” is PLN 100.00 and it is payable at the cashier’s desk, room 372, Division of General Accountancy and Reporting of the Department of Budget and Finances of the Ministry of Treasury from 12.00 noon to 2.00 PM or to the account of the Ministry of Treasury no. 83113010170019942625200008, maintained in Bank Gospodarstwa Krajowego, Branch No. 1 in Warsaw.
For the avoidance of any doubt, the Minister of State Treasury declares that the “Company Memorandum” is issued for each Company individually, upon signing of the document “Confidentiality Obligation” separately for each Company, and that the privatization process will be conducted for each of the Companies individually.
Responses concerning the purchase of shares of
1. Uzdrowisko Świeradów-Czerniawa Spółka z ograniczoną odpowiedzialnością with registered office in Świeradów Zdrój;
2. Uzdrowisko Cieplice Spółka z ograniczoną odpowiedzialnością with registered office in Jelenia Góra
should be submitted to:
Przedsiębiorstwo Doradztwa i Wdrożeń Arcanum Spółka z o.o.
ul. J. Kochanowskiego 59/1, 51-602 Wrocław, phone/fax (+48 71) 342-66-44
being the Adviser to the Minister of Treasury in the privatisation process of the Companies.
The persons responsible for accepting responses are:
- Witold Wilczewski and Elżbieta Bogucka phone (+ 48 71) 372-59-76 - Uzdrowisko Świeradów-Czerniawa Spółka z ograniczoną odpowiedzialnością with registered office in Świeradów Zdrój,
- Witold Wilczewski and Ewelina Janczak phone (+ 48 71) 372-59-76 - Uzdrowisko Cieplice Spółka z ograniczoną odpowiedzialnością with registered office in Jelenia Góra.

Responses concerning the purchase of shares of
3. Uzdrowisko Szczawno-Jedlina Spółka Akcyjna with registered office in Szczawno Zdrój
should be submitted to:
Agencja Konsultingu Gospodarczego “Accord’Next” Sp. z o.o.
ul. Słubicka 18, 53-615 Wrocław, piętro II, budynek TGG
phone (+48 71) 349 09 60, fax (+48 71) 349 09 67
being the Adviser to the Minister of Treasury in the privatisation process of the Company.
The persons responsible for accepting responses are Agnieszka Zajączkowska and Alicja Goszczyńska.
The subject of negotiations shall be in particular the price of the Companies’ shares, Companies’ development programme prepared by the Potential Investor including investment commitments, environmental commitments as well as commitments concerning the protection of interests of employees and other persons related to the Companies and the manner of securing that these commitments are executed.

The Minister of Treasury shall only accept a one-off payment for shares, which should be made by means of a transfer order.
The deadline for submitting written responses to the public invitation to negotiations for the purchase of the Companies’ shares shall be 3 March 2010, 2:00 PM Warsaw Time.

Potential Investors’ responses should be made in the Polish language and in accordance with the terms and conditions set forth in each Memorandum. They should be submitted in two copies, in a sealed envelope, to the Ministry of Treasury, 00-522 Warszawa, ul. Krucza 36/Wspólna 6, to the front office of the Department of Ownership Supervision and Privatisation IV (room 553), on business days, during office hours 8:15 AM – 4:15 PM. On the envelope should be placed details identifying the Potential Investor as well as the respective inscriptions:
- „Odpowiedź na publiczne zaproszenie do negocjacji w sprawie zbycia udziałów Spółki: Uzdrowisko Świeradów-Czerniawa Spółka z ograniczoną odpowiedzialnością z siedzibą w Świeradowie Zdroju – Nie otwierać” (“Response to the public invitation to participate in negotiations for the purchase of shares of Uzdrowisko Świeradów-Czerniawa Spółka z ograniczoną odpowiedzialnością with registered office in Świeradów Zdrój – Do not open”).

- „Odpowiedź na publiczne zaproszenie do negocjacji w sprawie zbycia udziałów Spółki: Uzdrowisko Cieplice Spółka z ograniczoną odpowiedzialnością z siedzibą w Jeleniej Górze – Nie otwierać” (“Response to the public invitation to participate in negotiations for the purchase of shares of Uzdrowisko Cieplice Spółka z ograniczoną odpowiedzialnością with registered office in Jelenia Góra – Do not open”).
- „Odpowiedź na publiczne zaproszenie do negocjacji w sprawie zbycia akcji Spółki: Uzdrowisko Szczawno-Jedlina Spółka Akcyjna z siedzibą w Szczawnie Zdroju – Nie otwierać” (“Response to the public invitation to participate in negotiations for the purchase of shares of Uzdrowisko Szczawno-Jedlina Spółka Akcyjna
with registered office in Szczawno Zdrój – Do not open”).

The Minister of Treasury reserves the right to request additional information and clarifications from Potential Investors, who submitted responses to the public invitation to negotiations.
The Minister of Treasury will inform in writing each of the Potential Investors who submitted responses to the public invitation for negotiations of his decision concerning the result of examination of these responses by 26 March 2010.
Only responses submitted by the Potential Investors who signed the document “Confidentiality Statement” and collected the Memorandum shall be considered.

The Minister of Treasury in particular reserves the right to select one or several Potential Investors with which the negotiations shall be conducted; terminate negotiations without giving reasons; extend the deadline for filing responses to the public invitation for negotiations and the date for informing potential investors of the result of examination of such responses; change the procedure and schedule of negotiations.
The Minister of Treasury is not responsible for reimbursement of any costs incurred by Potential Investors interested in the purchase of shares in connection with their participation in the negotiations and with conclusion of a share purchase agreement concerning the Companies’ shares.