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 Act of 30 August 1996 on Commercialisation and Privatisation (Journal of Laws of 2002 No. 171, item 1397, as amended), hereinafter referred to as the “Act”, and in accordance with the Resolution of the Council of Ministers of 17 February 2009 on Detailed Procedure of Selling Treasury Shares (Journal of Laws No. 34, item 264, as amended), hereby invites all interested parties to negotiations regarding the purchase of up to 334,050 (three hundred thirty-four thousand fifty) registered shares (series “A”), of a nominal value of PLN 10.00 (ten zloty) each, constituting up to 85% of the share capital of the company Przedsiębiorstwo Komunikacji Samochodowej w Zawierciu S.A. with registered office in Zawiercie, ul. Obrońców Poczty Gdańskiej 22, 42-400 Zawiercie, hereinafter referred to as the “Company”, subject to the condition that a single buyer has to purchase no less than 10% of shares.

 

Pursuant to Article 36 of the Act, eligible employees are entitled to a free-of-charge 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 Company is: passenger land transport; urban and suburban passenger land transport; other land passenger transport; renting and leasing of motor vehicles, except of motorcycles; land transport of goods; support activities for land transport; repair and maintenance of other transport equipment.

 

All parties interested in the purchase of the Company shares who will come to the Ministry of Treasury, on weekdays (12:00–3:00 PM) from 19 January 2010 to the day immediately preceding the day of submitting written replies to the public invitation to negotiations regarding the purchase of the Company 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 the Company, containing information on its 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 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 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. Marta Kulik-Zawadzka, room 463, Tel: 0-22 695-872-2699, Fax: 0-22 629 80 97.

 

 

Replies of Potential Investors should be made in the Polish language and filed in duplicate, in a sealed envelope, at the Ministry of 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 envelope must be labelled with the identification details of the Potential Investor and be marked: “Odpowiedź na publiczne zaproszenie do negocjacji w sprawie nabycia akcji Przedsiębiorstwa Komunikacji Samochodowej w Zawierciu S.A. - Nie otwierać”. (Reply to the written invitation to negotiations regarding the purchase of shares of the Company Przedsiębiorstwo Komunikacji Samochodowej w Zawierciu S.A. with registered office in Zawiercie – Do not open.)

 

 

 

 

The Minister of Treasury reserves the right to: select one or several Potential Investors with whom negotiation shall be conducted; change the procedure and schedule of negotiations, 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.