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The deadline for submitting written replies expires on 15 September 2010 at 3:00 PM (Warsaw time)

Minister of Treasury of
THE REPUBLIC OF POLAND

hereby invites to negotiations regarding the purchase of shares of the company:

Fabryka Żarówek “HELIOS” spółka z ograniczoną odpowiedzialnością
with registered office in Katowice

The Minister of Treasury, ul. Krucza 36/Wspólna 6, 00-522 Warszawa, acting on behalf of the Treasury, pursuant to Article 31a, in conjunction with Article 33(1)(5) of the Commercialisation and Privatisation Act of 30 August 1996 (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 Selling Treasury Shares (Journal of Laws No. 34, item 264, as amended), hereby invites all interested parties to negotiations concerning the purchase of 102,000 (say: one hundred and two thousand) shares with a nominal value of PLN 50 (say: fifty zloty) each, constituting 85% of the share capital of Fabryka Żarówek “HELIOS” Sp. z o.o. with registered office in Katowice, ul. 1 Maja 11/13, 40 - 224 Katowice, hereinafter referred to as the “Company.”

Pursuant to Article 36 of the Act, eligible employees are entitled to acquire free-of-charge up to 15% of the shares that were taken up by the Treasury on the day the Company was entered in the register. The Minister of Treasury reserves the right to sell the shares which were have not been acquired by the eligible employees to an investor selected though these negotiations in the event that the right of such eligible employees to acquire the shares free-of-charge has expired.

The Company’s core activity is manufacture and sale of lighting products. The Company sells both its own products and purchased goods. Other proceeds include installation of lighting products and letting of storage and office space.

All interested parties, hereinafter referred to as “Potential Investors,” are required to submit their written applications for participation in negotiations to the following address of ABC Consulting Sp. z o.o., representing the Minister of Treasury in the process of privatisation of the Company:

ABC Consulting Sp. z o.o.
ul. Grunwaldzka 102, 80-244 Gdańsk,
tel. 58 341-43-65, 58 346-15-58, fax 58 344-16-08,
mail: consul@abcc.com.pl

The persons responsible for accepting applications are Mr Dariusz Łapiński, Ms Kamila Cuper and Mr Jan Płochocki.

Upon presenting valid corporate documents, i.e. the Transcript from the Register of Entrepreneurs of the National Court Register / Certificate on Entry in the Register of Business Activity, showing the current representation of the Potential Investors (the certificate must be issued at least three months before its presentation), and if the interested party is a natural person which is not an entrepreneur – an identity document and a power of attorney, if any, and upon signing the Confidentiality Obligation through duly authorised representatives, Potential Investors will be able to receive, starting from the day following the day of publication of this invitation, the Company Memorandum, containing information on the legal and financial standing of the Company and the structure of replies to the public invitation to negotiations. The persons responsible for releasing the Company Memorandum are Mr Dariusz Łapiński, Ms Kamila Cuper and Mr Jan Płochocki.

The Company Memorandum shall be released by the day immediately preceding the final day for submitting written replies to the public invitation to negotiations regarding the purchase of the Company’s shares.

The object of negotiations shall be in particular: the price for the shares; the programme of development of the Company, covering among others investment commitments, environmental commitments, commitments with respect to the protection of the interests of company employees and other person associated with the Company, and the manner of securing the execution of such commitments.

Potential Investors who collect the Company Memorandum must submit their replies to the public invitation to negotiations regarding the purchase of the Company’s shares by 15 September 2010 (3 PM Warsaw time).

The replies must be submitted in the Polish language in duplicate in a sealed enveloped to the Front Office of the Department of Ownership Supervision and Privatisation III, room 501, Ministry of Treasury, ul. Krucza 36/Wspólna 6, 00-522 Warszawa.

The envelope must be marked: “Odpowiedź na publiczne zaproszenie do negocjacji w sprawie nabycia akcji Spółki Fabryka Żarówek “HELIOS” Sp. z o.o. z siedzibą w Katowicach – NIE OTWIERAĆ" (Reply to the public invitation to negotiations regarding the purchase of shares of the company Fabryka Żarówek “HELIOS” Sp. z o.o. with registered office in Katowice – DO NOT OPEN) and also include the identification details of the Potential Investor.

Considered will only be replies submitted by Potential Investors who signed the Confidentiality Obligation and collected the Company Memorandum.

The Minister of Treasury reserves the right to request additional clarifications from Potential Investors who submitted replies to the public invitation to negotiations.

The Minister of Treasury shall advise by 15 October 2010 in writing each of the Potential Investors who submitted a reply to the public invitation to negotiations of the results of examination of such reply.

The Minister of Treasury accepts only full payment for the shares, made by bank transfer to the Seller’s account prior to signing the Share Purchase Agreement.

The Minister of Treasury reserves the right to: select one or several Potential Investors with whom negotiations will be conducted; change the procedure and schedule of negotiations; withdraw from negotiations without giving reasons; extend the date for submitting replies to the public invitation to negotiations and the date for advising Potential Investors of the result of examination of their replies.

The Minister of Treasury is not responsible for and shall not reimburse any costs incurred by Potential Investors interested in the purchase of the shares in connection with submission of replies to the public invitation to negotiations, participation in negotiations and conclusion of the share purchase agreement.

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