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The deadline for submitting written replies expires on 22 September 2010 at 12:00 noon.

Minister of Treasury
OF THE REPUBLIC OF POLAND

invites to participate in negotiations
concerning the purchase of the shares of

INTRACO S.A. with registered office in Warsaw

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 Disposal of Treasury Shares (Journal of Laws No. 34 item 264, as amended) invites all interested parties to negotiations concerning the purchase of the stake of 6,800,000 (say: six million eight hundred thousand) registered shares of series A, with a nominal value of PLN 10 (say: ten zloty) each, constituting 85% of the share capital in the company INTRACO S.A. with registered office in Warsaw, address: ul. Stawki 2, 00 193 Warszawa, entered in the Register of Entrepreneurs kept by the District Court for the capital city of Warsaw in Warsaw, Commercial Division XII of the National Court Register, under KRS no. 0000184232, hereinafter referred to as the “Company.”

As at the day of this announcement, 100% of Company shares are held by the Treasury.

Pursuant to Article 36 of the Act, 1,200,000 (say: one million two hundred thousand) shares constituting 15% of the share capital in the company shall be made available, free of charge, to eligible employees. The Minister of Treasury reserves the right to sell the shares which have not been taken up by the eligible employees to an entity selected as a result of these negotiations, in case where the eligible employees’ right to acquire such shares free-of-charge has expired.

The company provides services in the commercial property market, including the letting of office and commercial space in own buildings.

The “Memorandum of INTRACO S.A. with registered office in Warsaw” (hereinafter the “Memorandum”), containing information on the Company’s legal, economic and financial standing and the applicable structure of responses will be available to all interested Potential Investors who submit their declarations of interest in the purchase of Company shares by 21 September 2010, i.e. by the day directly preceding the deadline for submitting the responses to the public invitation to negotiations concerning the purchase of the stake of shares in the Company (hereinafter the “Responses”), and sign the “Confidentiality Obligation” document.

To obtain the Memorandum, Potential Investors will be required to produce: a document identifying the Potential Investor, i.e. a photocopy of identity document, a transcript from the register of entrepreneurs from the National Court Register/certificate of entry in the register of economic activity, reflecting the current representation of the entity (issued not earlier than three months prior to the date of submission), a proxy, if applicable, to act on behalf of the Potential Investor and the confirmation of payment of the fee for the Memorandum.

If the bidder is a foreign entity, documents made in a foreign language must be translated into the Polish language by a sworn translator.

The fee for the Company Memorandum is PLN 500.00 (say: five hundred zloty) payable to the cashier at the Ministry Treasury MSP, room 372, between 12:00 and 2:00 PM, or directly to the bank account of the Ministry of Treasury held with Bank Gospodarstwa Krajowego S.A., Branch No. 1 in Warsaw, account no. 83113010170019942625200008 (payment reason: “MEMORANDUM INFORMACYJNE – INTRACO S.A. z siedzibą w Warszawie”).

The person responsible for handing over the Memorandum is: Ms Marzena Kusio, Ministry of Treasury, room 668, tel. 22 695 81 24.

The subject of negotiations shall be in particular the price for stake of shares to be sold, Company development programme including commitments to increase the share capital, investment commitments, commitments concerning the protection of the interests of employees and other persons connected with the Company, and the method of securing execution of such commitments.

The deadline for submitting written responses by Potential Investors who received the Information Memorandum is 22 September 2010 at 12:00 noon.

Responses shall be made in the Polish language and shall comply with the provisions specified in the Memorandum. They must be submitted in single copies placed in sealed envelopes, to the Ministry of Treasury, 00-522 Warszawa, ul. Krucza 36/Wspólna 6, at the front desk of the Department of Corporate Supervision and Privatisation II, room 600.

Envelopes must contain the identification details of the Potential Investor and must be marked as follows:

„Odpowiedź na publiczne zaproszenie do negocjacji w sprawie nabycia akcji Spółki
INTRACO S.A. z siedzibą w Warszawie – Nie otwierać”
(Response to the public invitation to negotiations concerning the purchase of shares of the Company
INTRACO S.A. with registered office in Warsaw – do not open)

Only responses submitted by Potential Investors who have signed the document Confidentiality Statement and collected the Memorandum shall be considered. The Minister of Treasury reserves the right to request additional information from the Potential Investors submitting Responses.

The Minister of Treasury shall notify in writing each Potential Investor who has submitted a Response to the invitation on the result of its examination, by 30 September 2010.

The Minister of Treasury also reserves the right to: invite one or several entities to negotiations, withdraw from negotiations without giving reasons, extend the deadline for submitting Responses, extend the deadline for notifying Potential Investor on the Response examination result and change the negotiation procedure and schedule.

The Minister of Treasury shall only accept a one-off payment for shares made by means of bank transfer.

The Minister of Treasury shall not reimburse any costs incurred by the entities in connection with preparation of the offer, participation in the negotiations and the conclusion of a share purchase agreement.