The Minister of Treasury, 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 (Journal of Laws of 2002 no. 171, item 1397, as amended), hereinafter referred to as the “Act” and pursuant to the resolution of the Council of Ministers of 17 February 2009 concerning the detailed procedure of disposal of shares owned by the Treasury (Journal of Laws of 2009 no. 34, item 264) hereby invites all interested parties to negotiations concerning the purchase of 9,605 (say: nine thousand six hundred and five) shares owned by the Treasury, with the nominal value of PLN 500 (say: five hundred) each, constituting 85% of the share capital of Przedsiębiorstwo Produkcyjno Usługowe “PORT RYBACKI GRYF” Sp. z o.o. with registered office in Szczecin, ul. Władysława IV nr 1, 70-651 Szczecin, entered in the register of entrepreneurs of the National Court Register kept by the District Court in Szczecin, 17^th Commercial Division, under the KRS No. 0000070356, 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 Company’s shares held by the Treasury on the day the Company was entered in the register. The Minister of Treasury envisages the option of selling the shares that are not acquired by the eligible employees to the Investor selected through these negotiations after the expiry of the eligible employees’ right to acquire these shares free of charge.
 

The objects of the company are renting and letting of own property, cold storage and handling services. 
 

To all interested entities who will submit their declarations of interest in the purchase of the Company’s shares to the Agencja Konsultingu Gospodarczego (Economic Consulting Agency) “Accord’Next” Sp. z o.o., acting as the Company Privatisation Advisor to the Minister of Treasury, by 23 November 2009, along with the documents allowing to identify the Potential Investor, i.e. a transcript from the Register of Entrepreneurs from the National Court Register / 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 the proxy, if applicable, and in the event that the interested party is a natural person who is not an entrepreneur – the ID card and the proxy (if applicable), and sign the “Confidentiality Obligation” document through the duly authorized representatives of the Potential Investor, the “Memorandum of the Company Przedsiębiorstwo Produkcyjno Usługowe “PORT RYBACKI GRYF” Sp. z o.o. with registered office in Szczecin” (hereinafter: “Memorandum”), containing the basic information about the Company’s legal, economic and financial standing, shares acquisition procedure and the structure of responses to the public invitation to negotiations shall be made available, starting with the day following the date of publication of this invitation.
 

Declarations of interest in the purchase of the Company’s shares 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

acting as the Company Privatisation Advisor to the Minister of Treasury.

The persons who receive the declarations are Ms. Agnieszka Zajączkowska and Ms. Alicja Goszczyńska.

The subject of negotiations shall be in particular: the price of shares, company development program presented by the Potential Investor, including but not limited to investment-related and environmental protection commitments, as well as the commitments related to the protection of interests of employees and other people related to the company as well as the methods of ensuring that these commitments are performed.
 

The option of paying the purchase price in instalments is not envisaged by the Minister of Treasury. The payment shall be made by a bank transfer.
 

The deadline for the Potential Investors who have signed the “Confidentiality Obligation” and collected the Memorandum to submit written responses to the public invitation to negotiations concerning the purchase of the Company’s shares shall be 30 November 2009, 2:00 PM, Warsaw Time.

Potential Investors’ responses to the public invitation to negotiations shall be made in the Polish language, in accordance with the terms and conditions set forth in the Memorandum. They shall be submitted in two copies, in sealed envelopes, to the Ministry of Treasury, ul. Krucza 36/Wspólna 6, 00-522 Warszawa, to the Front Office of the Department of Ownership Supervision and Privatisation III, 5^th floor (room 501). The following inscription should be placed on the envelope:
 

 “Response to the public invitation to negotiations concerning the purchase of shares of the Company Przedsiębiorstwo Produkcyjno Usługowe “PORT RYBACKI GRYF” Sp. z o.o. with registered office in Szczecin – Do not open” as well as the details allowing to identify the Potential Investor.

The Minister of Treasury reserves the right to require additional information and clarifications from the Potential Investors responding to the public invitation to negotiations.
 

The Potential Investors who will submit their responses to the public invitation to negotiations shall be informed of the Minister’s decision concerning the response in writing by 15 December 2009.

Examined shall be the responses of those Potential Investors, who have signed the “Confidentiality Obligation” and collected the Memorandum.
 

In particular, the Minister of Treasury reserves the right to select one or more entities that will be admitted to the negotiations; withdraw from the negotiations without giving reasons; extend the deadline for submitting the responses to the public invitation to negotiations and the deadline for submitting information on the decision concerning the response to the public invitation to negotiations; change the procedure and schedule of negotiations.
 

The Minister of Treasury shall not bear any costs incurred by the entities interested in the purchase of shares with relation to the participations in negotiations and conclusion of the Company’s shares purchase agreement.