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 Commercialization and Privatisation Act of 30 August 1996 (Journal of Laws of 2002 No. 171, item 1397, as amended), hereinafter referred to as “the Act”, invites all interested parties to participate in the negotiations for the purchase of a stake of 51.000 (say: fifty one  thousand) shares, of a nominal value of PLN 50.00 (say: fifty zloty) each, making up 85.00% of the share capital of the company Zakłady Maszynowe HAMECH Sp. z o.o. with registered office in Hajnówka, Armii Krajowej 3, 17-200 Hajnówka, hereinafter referred to as “the Company”.

As at the date of this announcement, 100% of Company shares are owned by the Treasury. Pursuant to Article 36 of the Act, eligible employees are entitled to acquire, free of charge, 9.000 (say: nine thousand) shares constituting 15% of the Company’s share capital. The Minister of Treasury allows the possibility of sale of the shares that were not acquired by eligible employees to an investor selected as a result of the present public invitation for negotiations, in case of an expiry of the right of the eligible persons to a free-of-charge acquisition of such shares.

The principal object of Company’s activity is: ecological boilers designed for the wastewood combustion (pre-furnaces, boilers), complete boiler room fittings (storage and fuel supply system, devices which control these systems, cyclones and chimneys), high temperature steam dry kilns, and spray cubicles.

Each interested party, upon reporting to the Ministry of Treasury, room 676 on working days between 12:00 and 2:00 PM within the period from 25 January 2010 to the day immediately preceding the day of submitting written Responses to the public invitation to negotiations to purchase the stake of Company’s shares (hereinafter also referred to as the “Responses”) and after signing the document entitled “Confidentiality Statement,” shall receive the “Information Memorandum of Zakłady Maszynowe HAMECH Sp. z o.o. with registered office in Hajnówka” (hereinafter referred to as the “Memorandum”) containing information on the company’s legal, economic and financial standing and on the structure of the Response.

Upon receiving the Memorandum, the Potential Investor shall present a document confirming his/her identity, a letter of attorney authorizing to act on behalf of the Potential Investor, a proof of payment for Memorandum and a transcript from the Register of Entrepreneurs of the National Court Register (in the case of entrepreneurs listed in the Register of Entrepreneurs) or a Certificate of entry in the register of business activity (in the case of natural persons conducting business activity), specifying the current representation of the entity (with the date of issue not earlier than three months prior to the document presentation date).

In the case when the entity interested in negotiations is a foreign entity, documents submitted in a foreign language shall be translated into the Polish language by a sworn translator.

Payment for the Memorandum amounting to PLN 100 shall be made at the cash desk in the Ministry of Treasury, room 372 between 12:00 and 2:00 PM or to the bank account of the Ministry of Treasury at Bank Gospodarstwa Krajowego S.A., I Oddział Warszawa, No. 83113010170019942625200008) indicating the payment reason as the “Information Memorandum of Zakłady Maszynowe HAMECH Sp. z o.o. with registered office in Hajnówka.”

The person responsible for receiving applications is Pawel Sroczynski, the Ministry of State Treasury, room 676, tel. (022) 695-83-94.

The subject of negotiations shall be: the price for the stake of shares, the Company’s development program, 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 the manner of securing execution of such commitments.

The deadline for submitting written Responses by the Potential Investors who have received the Memorandum shall expire on 5 March 2010 at 2:00 PM, Warsaw time. Responses shall be made in the Polish language. They shall be submitted in one copy, in a sealed envelope, to the Ministry of Treasury, 00-522 Warszawa, ul. Krucza 36/Wspólna 6, at the secretary’s office (room 601) of the Department of Corporate Supervision and Privatisation II. The envelopes shall be marked as follows:

„Odpowiedź na publiczne zaproszenie do negocjacji w sprawie nabycia udziałów spółki Zakłady Maszynowe HAMECH Sp. z o.o. z siedzibą w Hajnówce – Nie otwierać” (“Reply to the Public Invitation for Negotiations to Purchase the Shares of the company Zakłady Maszynowe HAMECH Sp. z o.o. with registered office in Hajnówka - Do not open”).Details of the potential investor must be placed on the envelope as well.

The Minister of Treasury reserves the right to request additional information from the Potential Investors who submit Responses. The Minister of Treasury shall inform each entity that has submitted a Response about the result of its examination in writing, by 19 March 2010.

Only responses submitted by the Potential Investors who have signed the document “Confidentiality Statement” and collected the Memorandum shall be considered.

The Minister of Treasury also reserves the right to: select one or several entities to participate in the negotiations; to withdraw from negotiations without giving any reasons; to extend the deadline for submitting Responses; to extend the deadline for informing about the Response examination result; and to change the negotiation procedure and schedule.

The Minister of Treasury shall not reimburse any costs incurred by the entities interested in purchasing the shares in connection with their participation in the negotiations and the conclusion of a share purchase agreement.