1.      Przedsiębiorstwo Komunikacji Samochodowej w Ciechanowie S.A. with registered office in Ciechanów,

2.      Przedsiębiorstwo Komunikacji Samochodowej w Gostyninie Sp. z o.o. with registered office in Gostynin,

3.      Przedsiębiorstwo Komunikacji Samochodowej w Mińsku Mazowieckim S.A. with registered office in Mińsk Mazowiecki,

4.      Przedsiębiorstwo Komunikacji Samochodowej w Mławie S.A. with registered office in Mława,

5.      Przedsiębiorstwo Komunikacji Samochodowej w Ostrołęce S.A. with registered office in Ostrołęka,

6.      Przedsiębiorstwo Komunikacji Samochodowej w Płocku S.A. with registered office in Płock,

7.      Przedsiębiorstwo Komunikacji Samochodowej w Przasnyszu S.A. with registered office in Przasnysz

 

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 the Resolution of the Council of Ministers of 17 February 2009 on the Detailed Procedure of Selling Treasury Shares (Journal of Laws of 2009 No. 34, item 264, as amended) hereby invites all interested parties to negotiations regarding the purchase of:

 

1.      up to 422,450 (four hundred twenty-two thousand four hundred and fifty) ordinary registered shares, of a nominal value of PLN 10.00 (ten zloty) each, constituting up to 85% of the share capital of Przedsiębiorstwo Komunikacji Samochodowej w Ciechanowie S.A with registered office in Ciechanów, ul. Płocka 13,

2.      up to 11,900 (eleven thousand nine hundred) shares, of a nominal value of PLN 100.00 (one hundred zloty) each, constituting up to 85% of the share capital of Przedsiębiorstwo Komunikacji Samochodowej w Gostyninie Sp. z o.o with registered office in Gostynin, ul. 18 stycznia 36,

3.      up to 295,001 (two hundred ninety-five thousand and one) ordinary registered shares, of a nominal value of PLN 10.00 (ten zloty) each, constituting up to 85% of the share capital of Przedsiębiorstwo Komunikacji Samochodowej w Mińsku Mazowieckim S.A. with registered office in Mińsk Mazowiecki, ul. Warszawska 222,

4.      up to 459,000 (four hundred fifty-nine thousand) ordinary registered shares, of a nominal value of PLN 10.00 (ten zloty) each, constituting up to 85% of the share capital of Przedsiębiorstwo Komunikacji Samochodowej w Mławie S.A. with registered office in Mława, ul. Stefana Roweckiego ,,Grota” 12,

5.      up to 368,050 (three hundred sixty-eight thousand fifty) ordinary registered shares, of a nominal value of PLN 10.00 (ten zloty) each, constituting up to 85% of the share capital of Przedsiębiorstwo Komunikacji Samochodowej w Ostrołęce S.A. with registered office in Ostrołęka, ul. A. Zawadzkiego 1,

6.      up to 219,300 (two hundred nineteen thousand three hundred) ordinary registered shares, of a nominal value of PLN 10.00 (ten zloty) each, constituting up to 85% of the share capital of Przedsiębiorstwo Komunikacji Samochodowej w Płocku S.A. with registered office in Płock, ul. Bielska 53,

 

7.      up to 255,000 (two hundred fifty-five thousand) ordinary registered shares, of a nominal value of PLN 10.00 (ten zloty) each, constituting up to 85% of the share capital of Przedsiębiorstwo Komunikacji Samochodowej w Przasnyszu S.A. with registered office in Przasnysz, ul. Szosa Ciechanowska 4,

 

hereinafter referred to jointly as the “Companies” or individually as the “Company”.

 

Pursuant to Article 36 of the Act, eligible employees of each Company are entitled to a free acquisition of up to 15% of the Company’s shares taken up by the Treasury on the day of registration of the Company. The Minister of Treasury allows the possibility of sale of shares that were not acquired by eligible employees to an entity selected through the present negotiations in the case when the right of the eligible employees to a free acquisition of such shares expire.

 

The core business activity of the Companies is public passenger transport.

 

All parties interested in the purchase of the Companies’ shares who will come to the Ministry of Treasury, on weekdays (12:00 - 3:00 PM) from 4 December 2009 to the day immediately preceding the day of submitting written replies to the public invitation to negotiations regarding the purchase of the Companies’ shares, and present an Extract from the Register of Entrepreneurs of the National Court Register or a Certificate of Entry in the Register of Business Activity, showing the current representation of the entity (certificate must not be older than three months), and if the interested party is a natural person who is not an entrepreneur – present an identity document, and upon signing the document “Confidentiality Obligation” by the Potential Investor or its duly authorized representative, they shall receive, for a fee, a “Company Memorandum” for individual Companies, containing information on the Companies’ legal, economic and financial standing, as well as on the structure of replies to the publicly announced invitation to negotiations. The fee for the “Company Memorandum” is PLN 100.00 for each of the Companies and it is payable to the cashier (room 372) of the Department of General Accounting and Reporting of the Department of Budget and Finance at the Ministry of State Treasury, between 12.00-2.00 PM, or to the account of the Ministry held at Bank Gospodarstwa Krajowego, Branch No. 1 in Warsaw, account no. 83113010170019942625200008.

 

The person responsible for receiving applications is Ms. Monika Białogrodzka, room 461, Tel: 0-22 695-83-46, Fax: 0-22 629 80 97.

 

For the avoidance of any doubt, the Minister of 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.

 

If Potential Investors are interested in the purchase of shares of more than one Company, offers must be submitted for each of the Companies individually.

 

The subject of negotiations, in case of each of the Companies, shall be in particular: the price of the stake of shares; the Company development program suggested by the Potential Investor, including, among others, the commitment to raise the share capital, and other investment commitments; commitments with respect to environmental protection; commitments with respect to protection of the interest of Company employees and other persons associated with the Company; the manner of securing the execution of such commitments.

 

Potential Investors may submit offers for the purchase of shares of one or more Companies.

 

Written replies to the public invitation to negotiations to purchase shares of the Companies must be filed by 18 January 2010 (till 3:00 PM Warsaw time).

 

Replies of Potential Investors to the public invitation to tegotiations should be made in the Polish language and filed in duplicate, in a sealed envelope, at the Ministry of State Treasury, ul. Krucza 36/Wspólna 6, 00-522 Warszawa, Front Office of the Department of Ownership Supervision and Privatization I, room 477, tel. (022) 695-87-92, fax (022) 629-80-97.

 

The envelopes must be labelled with the identification details of the Potential Investor and be marked, respectively:

 

„Odpowiedź na publiczne zaproszenie do negocjacji w sprawie nabycia akcji Spółki Przedsiębiorstwo Komunikacji Samochodowej w Ciechanowie S.A. z siedzibą w Ciechanowie - nie otwierać”

(Reply to the written invitation to negotiations regarding the purchase of shares of the Company Przedsiębiorstwo Komunikacji Samochodowej w Ciechanowie S.A. with registered office in Ciechanów – Do not open).

„Odpowiedź na publiczne zaproszenie do negocjacji w sprawie nabycia udziałów Spółki Przedsiębiorstwo Komunikacji Samochodowej w Gostyninie Sp. z o.o. z siedzibą w Gostyninie - nie otwierać”

(Reply to the written invitation to negotiations regarding the purchase of shares of the Company Przedsiębiorstwo Komunikacji Samochodowej w Gostyninie Sp. z o.o. with registered office in Gostynin – Do not open).

„Odpowiedź na publiczne zaproszenie do negocjacji w sprawie nabycia akcji Spółki Przedsiębiorstwo Komunikacji Samochodowej w Mińsku Mazowieckim S.A. z siedzibą w Mińsku Mazowieckim - nie otwierać”

(Reply to the written invitation to negotiations regarding the purchase of shares of the Company Przedsiębiorstwo Komunikacji Samochodowej w Mińsku Mazowieckim S.A. with registered office in Mińsk Mazowiecki – Do not open.)

„Odpowiedź na publiczne zaproszenie do negocjacji w sprawie nabycia akcji Spółki Przedsiębiorstwo Komunikacji Samochodowej w Mławie S.A. z siedzibą w Mławie - nie otwierać”

(Reply to the written invitation to negotiations regarding the purchase of shares of the Company Przedsiębiorstwo Komunikacji Samochodowej w Mławie S.A. with registered office in Mława – Do not open.)

„Odpowiedź na publiczne zaproszenie do negocjacji w sprawie nabycia akcji Spółki Przedsiębiorstwo Komunikacji Samochodowej w Ostrołęce S.A. z siedzibą w Ostrołęce - nie otwierać”

(Reply to the written invitation to negotiations regarding the purchase of shares of the Company Przedsiębiorstwo Komunikacji Samochodowej w Ostrołęce S.A. with registered office in Ostrołęka – Do not open.)

„Odpowiedź na publiczne zaproszenie do negocjacji w sprawie nabycia akcji Spółki Przedsiębiorstwo Komunikacji Samochodowej w Płocku S.A. z siedzibą w Płocku - nie otwierać”

(Reply to the written invitation to negotiations regarding the purchase of shares of the Company Przedsiębiorstwo Komunikacji Samochodowej w Płocku S.A. with registered office in Płock – Do not open.)

„Odpowiedź na publiczne zaproszenie do negocjacji w sprawie nabycia akcji Spółki Przedsiębiorstwo Komunikacji Samochodowej w Przasnyszu S.A. z siedzibą w Przasnyszu - nie otwierać”

(Reply to the written invitation to negotiations regarding the purchase of shares of the Company Przedsiębiorstwo Komunikacji Samochodowej w Przasnyszu S.A. with registered office in Przasnysz – Do not open.)

 

Considered will only be replies made by Potential Investors who signed the “Confidentiality Obligation” and collected the appropriate “Company Memorandum” for the Company to which the reply relates.

 

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

 

The Minister of State Treasury will notify (by registered letter sent by 15 February 2010) each of the Potential Investors, who submitted replies to the public invitation to negotiations, of the result of examination of such replies.

 

In relation to each of the privatisation procedures, conducted separately for each of the Companies, the Minister of Treasury reserves the right to: select one or several Potential Investors with whom negotiation shall be conducted; terminate negotiations without giving reasons, extend the date for submitting replies to the public invitation for negotiations, extend the date for notifying Potential Investors of the result of examination of replies, and to change the procedure and schedule of negotiations.

 

The Minister of Treasury is not responsible for any costs incurred by Potential Investors in connection with their participation in the negotiations and with conclusion of a share purchase agreement for individual Companies.