The Minister of Treasury of THE REPUBLIC OF POLAND invites to participate in negotiations to purchase the shares of Przedsiębiorstwo Komunikacji Samochodowej w Kielcach Spółka Akcyjna with registered office in KielceThe Minister of Treasury, ul. Krucza 36/Wspólna 6, 00-522 Warszawa, acting on behalf of the State 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 the Resolution of the Council of Ministers of 17 February 2009 on the Detailed Procedure of Disposal of Treasury-owned Shares (Journal of Laws No. 34 item 264, as amended), invites all interested parties to participate in negotiations for the purchase of up to 575,450 (say: five hundred and seventy-five thousand four hundred and fifty) shares of a nominal value of PLN 10.00 (say: ten zloty) each, constituting up to 85% of the share capital of Przedsiębiorstwo Komunikacji Samochodowej w Kielcach Spółka Akcyjna with registered office in Kielce, ul. Czarnowska 12, 25-504 Kielce, hereinafter referred to as the “Company,” however not less than 10% of the shares by one buyer.Pursuant to Article 36 of the Act, eligible employees are entitled to acquire, free of charge, 15 % of the shares of the Company taken up by the State Treasury on the day of entering the Company in the register.

The Minister of Treasury envisages the possibility to sell the shares which have not been taken by the eligible employees to the Investor selected as a result of this public invitation to negotiations, as soon as the eligible employees’ right to a free of charge acquisition of such shares has expired.The main object of the Company’s activity is mass passenger transport. Each interested party, upon reporting to the Ministry of Treasury, from Monday to Friday, between 12:00 and 3:00 PM, within the period from 4 March 2010 to the day immediately preceding the day of submitting written responses to the public invitation to negotiations to purchase the Company’s shares, upon presenting a transcript from the Register of Entrepreneurs of the National Court Register or a certificate of entry in the register of 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) and if the interested party is a natural person who is not an entrepreneur – upon presenting an identity document and signing the document entitled “Confidentiality Obligation” by the Potential Investor or a person acting on its behalf (the power of proxy required to act on behalf of the Potential Investor), shall receive, for a fee, the “Company’s Information Memorandum” containing information on the company’s legal, economic and financial standing and on the structure of the response to the public invitation to negotiations (Information Memorandum).

If the bidder interested in negotiations is a foreign entity, documents submitted in a foreign language shall be translated into the Polish language by a sworn translator. The fee for the Information Memorandum is PLN 100 (say: one hundred zloty) and is payable to the cashier, room 372, the Department of General Accounting and Reporting of the Department of Budget and Finance at the Ministry of State Treasury, between 12:00 and 2:00 PM or to the account of the Ministry of Treasury maintained with 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, 0-22 695-94-17.

The subject of negotiations shall be in particular the price for the purchased shares, investment commitments, environmental protection commitments as well as those concerning the protection of the interests of Company’s employees and other people related to the Company, and the measures for securing the fulfilment of those commitments.The deadline for submitting written responses to the public invitation to participate in the negotiations for the purchase of the Company shares by Potential Investors who received the Information Memorandum shall expire on 9 April 2010 at 2:00 PM, Warsaw time.

Responses of the Potential Investors 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 of the Department of Corporate Supervision and Privatisation I, room 477, tel. (022) 695-87-92, fax (022) 629-80-97, (022) 695-94-17.The envelopes shall contain the identification data of the Potential Investor and be marked as follows: “Odpowiedź na publiczne zaproszenie do negocjacji w sprawie nabycia akcji spółki Przedsiębiorstwo Komunikacji Samochodowej w Kielcach S.A. - Nie otwierać” (“Response to the public invitation to participate in negotiations for the purchase of shares of Przedsiębiorstwo Komunikacji Samochodowej w Kielcach S.A. - Do not open”)Only responses submitted by the Potential Investors who have signed the document “Confidentiality Statement” and collected the Information Memorandum shall be considered.The Minister of Treasury reserves the right to request additional explanations from the Potential Investors that have submitted responses to the public invitation to negotiations.

The Minister of Treasury shall inform each Potential Investor who has submitted a response to the public invitation to participate in negotiations about the result of its examination in writing, by 10 May 2010.The Minister of Treasury reserves the right to: select one or several Potential Investors to participate in the negotiations; change the negotiation procedure and schedule; withdraw from negotiations without giving any reasons; extend the deadline for submitting responses to the invitation to negotiations and extend the deadline for informing about the response examination result.The Minister of Treasury shall not reimburse 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.