Report no 11 - Condtions of the Agreement fulfilled

Referring to the report no 8/2011 dated 9 June 2011 on entering Into the Consent and Waiver Letter related to A4 project, the Management Board of Stalexport Autostrady S.A. informs the public that on 3 August 2011 it received an information about fulfilling further conditions precedent to obtain the Financing Banks consent to increase the share capital of Stalexport Autostrada Małopolska S.A. (conditions presented in paragraph 1) and 3) of above-mentioned Report No 8/2011):

• the authorized bodies of Stalexport Autostrady S.A., Stalexport Autostrada Małopolska S.A. and Stalexport Autoroute S.a.R.L. passed effectively the appropriate resolutions;
• Stalexport Autostrada Małopolska S.A. transfered to the accounts of Financing Banks the commissions specified in the Consent and Waiver Letter.

In the opinion of the Management Board of Stalexport Autostrady S.A. the conditions precedent specified in the Consent and Waiver Letter have been fulfilled.