Date: 2011-11-21 / Legal ground: Art. 56 sec.1 p. 2 Act on Public Offering – current and periodic information

Current report: 33/2011

Subject: Conclusion of annex to the significant agreement by the Issuer subsidiary Company

Date: 2011-11-21

Legal ground: Art. 56 sec.1 p. 2 Act on Public Offering – current and periodic information

The Board of Chemoservis-Dwory S.A. ("Issuer") in connection with the Current Report No. 67/2010 from July 26th, 2010 informs that on November 21th, 2011 it received from a subsidiary Company ZakÅ‚ad Energetyczny ZEN Sp. z o.o. based in DÄ…browa Górnicza ("ZE ZEN", "Executor") information about signing the annex to the significant value agreement with Synthos Dwory 4 Sp. z o.o. based in OÅ›wiÄ™cim ("Purchaser") on November 21th, 2011 by the Board of the ZE ZEN.

Under the provisions of the above mentioned annex, the parties made changes about the terms of payment and settlement price of the net contract value in part afforded to the ZE ZEN in the polish currency, which is 5 284 317,00 PLN  (say: five million two hundred eighty-four thousand three hundred seventeen 00/100 PLN). According to annex, payment of the contract price will be realized as follows:

• The amount of 2 228 870,50 PLN + VAT (say: two million two hundred twenty-eight thousand eight hundred seventy 50/100 PLN) will be paid after delivery of devices.
• The amount of 1 401 654,50 PLN + VAT (say: one million, four hundred one thousand six hundred fifty-four and 50/100 zÅ‚) is the value of works.
• The amount of  1 653 792,00 PLN +VAT(say: one million, six hundred fifty-three thousand seven hundred ninety-two 00/100 PLNÅ‚ ) will be paid in two separate tranches: separate tranches: first - after the installation transfet to the exploitation, with the Executor Documentation, second - after a delivery of the Subcontractor Documentation and  successfully guarantee measurement in the range of Cogeneration Guaranteed Parameters.

Executor agreed to speed up payments to the original terms give the Purchaser discount of 6% per year for each day for acceleration of the previous payment amount.

Legal ground: § 5 sec. 1 p. 3 of Regulation of Ministry of Finance from February 19th, 2009 on current and periodic information published by issuers of securities and on conditions of recognition of information required by law of a non-member country as equal.