Date: 2010-07-26 / Legal ground: Art. 56 sec.1 p. 2 Act on Public Offering – current and periodic information

Current report: 66/2010

Date: 2010-07-26

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

Subject: Conclusion of significant agreement by the Issuer’s subsidiary company

The Board of Chemoservis-Dwory S.A. („the Issuer”) informs that on July 26th, 2010 it received from subsidiary entity ZakÅ‚ad Energetyczny ZEN SpóÅ‚ka z o.o. with its registered office in DÄ…browa Górnicza („ZE ZEN”), information that ZE ZEN and Synthos-Dwory 5 Sp. z o.o. with its registered office in OÅ›wiÄ™cim signed agreement of significant value, that fulfills criterion of the Issuer’s significant agreement due to exceeding 10% of Chemoservis-Dwory S.A. revenues from sale in last four fiscal quarters.

The subject of the agreement is realization of construction of new Cogeneration Teams together with necessary equipment and complete banding, suitable for existing technological circuits for Synthos-Dwory 5 Sp. z o.o.. Remuneration for realization of complete range of the agreement is PLN 4.409.020,00 (literally: four million four hundred and nine thousand twenty zloty) and EUR 1.400.000,00 (one million four hundred thousand Euro) plus VAT tax. Sides agreed that delivery of installation to exploitation will occur no later than until 31.01.2012.

Net agreement value for realization of complete range of agreement is PLN 4 409 020 (literally: four million four hundred and nine thousand twenty zloty) and EUR 1 400 000 (literally: one million four hundred thousand EURO) plus VAT tax.

Payments will be realized by stages according to following rules:

• 85 % of net agreement price =  EUR 1 400 000 +VAT (literally: one million four hundred thousand EURO + VAT) and PLN 2 886 520 + VAT  (literally: two million eight hundred eighty six thousand five hundred twenty zloty + VAT) – paid after installation of devices,
• 10 % of net agreement price = PLN 1 015 000 +VAT (literally: one million fifteen thousand zloty + VAT) – paid after delivery of installation to exploitation,
  
• 5% of net agreement price = 507 500 +VAT (literally: five hundred and seven thousand five hundred zloty + VAT) – paid after delivery of post-realization documentation.
  

Total limit of all stipulated penalties of any title ammounts to 20% of the agreement’s gross value. Maximal responsibility of EXECUTOR arising from all titles can not exceed 100% of the agreement’s net value plus possible stipulated penalties.

Legal ground of this report is § 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 condition of