The Minister of Treasury
OF THE REPUBLIC OF POLAND
hereby invites to a public tender to purchase shares

The Minister of Treasury of the Republic of Poland, ul. Krucza 36/Wspólna 6, 00-641 Warszawa, acting on behalf of the Treasury, hereinafter referred to as the “Seller”, pursuant to Article 33(1)(2) 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”, hereby all invites interested parties to submit their offers in a public tender, hereinafter referred to as the “Tender”, to purchase shares of the company:

Fabryka Łączników Radom S.A. based in Radom (named as a company)

The core business activity of the Company is iron casting, machining and coating of metals.

The tender concerns 1.785.000 (one million seven hundred eighty five thousand ) shares of a nominal value of PLN 10.00 (ten zloty) each, constituting 85% of the share capital of the Company. The remaining 315.000 (three hundred fifteen thousand ) shares, constituting 15% of the share capital, will be acquired free-of-charge by Company employees pursuant to Article 36(1) of the Act. The Minister of Treasury allows the possibility to sell shares not acquired by eligible employees to an Investor selected under this public invitation to tender if the right of such eligible employees to acquire such shares expires.

The minimum purchase price (starting price) is 0,70 PLN (Total: seventy groszy) for one share which is 1.249.500 PLN( One million two hundred forty nine thousand five hundred PLN) of all sold shares.

Everyone, after notification to PKF Consult Sp. z o.o. , based in Warsaw (Elbląska 15/17 street, 01-747 Warsaw, tel: +48 22 560 76 50; fax: +48 22 560 76 63) on working days between 9.00-16.00 from the day of 10.06.2010 till the day preceding the date of submission of written offers to acquire shares of the company Fabryka Łączników Radom S.A. based in Radom (hereinafter also “Offers”) and after signing the document “ Obligation of confidentiality”, will be available: “Company Information Memorandum” (further: “Memorandum”) including information about legal and economic situation of the Company, Specific conditions of a tender including information about the requirements posed to participations and the conditions that should be held by each Offer for acquiring the shares and also model contract of sale of shares (referred to as “tender documents”).

Responsible for receiving applications are: Mr. Piotr Urbański, Mr. Leszek Cienkowski and Mr. Mariusz Frątczak.

While collection the Memorandum, potential investor is obliged to submit: if the interested party is an entrepreneur entered in the Register of Entrepreneurs – a document confirming identity, a power of attorney authorising to act on behalf of the interested party, and an extract from the Register of Entrepreneurs of the National Court Register showing the current representation of the entity (the document must not be older than three months), or if the interested party is a natural person conducting business activity – a certificate confirming entry in the Register of Business Activity, showing the current representation of the entity (the document must not be older than three months).

If the interested party is a foreign entity, the above documents must be translated into Polish by a certified translator.

Bidders will be able to meet up with the Company during the days agreed with the vendor.

While proceeding the tender, tenderer is required to provide a guarantee transfer to the state treasury account in Bank Gospodarstwa Krajowego S.A. I/O Warsaw, nr 13113010170019942625200007 in the amount of: 60000 PLN (Total: sixty thousand PLN) from the day immediately preceding the date of submitting written offers. Proof of payment deposit should be attached to the Offer.

Deadline for the submission of Offers expires on the 15.07.2010 at 14.00 of Warsaw time. Offers should be prepared in Polish Language. They should be prepared in two specimens in glued envelope in Ministry of Treasury, 00-522 Warsaw, Krucza 36/Wspólna 6 street, at the Registry Office of Department of corporate governance and privatization II (room nr 601). On the envelope please write: “przetarg- Fabryka Łączników Radom S.A. z siedzibą w Radomiu- nie otwierać” and data which will help with identification of the bidder.

Offers will be opened at the same day at 14:30 in the premises of the vendor, room number 604.

Tenderer is bound to offer till the moment of information, that another offer was selected, but no longer that 180 days from the day of announcement about tender.

The only offers which will be considered will be the ones prepared by tenderers, who have signed a commitment to confidentiality and picked up the tender’s documents.

One of the criterion which will be judged, will be the price for sold shares.

About the results of a Tender, Tenderers will be informed by the written document.

Share sale agreement will be concluded no later than 60 days from the day when the tenderer will be informed, that his/her offer has been chosen. Payment for the stocks will be confirmed by draft or by cash flow to the vendor’s account before conclusion of the sale of shares. Vendor accepts only a single payment for the shares.

After choosing the offer, security sent by the chosen bidder will be counted for the company’s share price. The other securities, send by bidders that haven’t been chosen will be sent back.

In case, if the chosen bidder refuses to conclude an agreement of sales of shares, security wont be sent back. Offers submitted after the deadline and not conforming to the conditions will be rejected.

The vendor reserves the rights to extend the deadline for submission of tenders without giving any reason and to withdraw from the tender without giving any reason.