Current Report No. 34/2009

Legal basis:
Article 56, paragraph. 1 point 2 of the Act on Public Offering - current and periodic information

Company Management POZBUD T & R SA announces that on 02.09.2009 years has concluded with the Polish Agency for Enterprise Development Agreement, whose purpose is to provide the Issuer funding for a project "Implementation of an innovative technology for the production of windows in the establishment POZBUD T & R SA Słonawach" with public funds Action 4.4. Operational Program Innovative Economy. About qualifying for financing the project informed the Issuer current report no 18/2009 dated 30 April 2009.

The value of the contract, ie the volume of financing from the PARP is 5,160,297.57 zł. The Issuer advises that the subsidy was reduced by the amount of 1,032,059.51 zł compared to the volume transferred in the current report No 18/2009 due to the fact that an undertaking of the Issuer, due to employment growth, originally qualified for the group of small businesses, was finally qualified for the category of medium-sized enterprises, which means a possible reduction in grant.

Obtained funding is 50% of project costs is the amount of 5,160,297.57 zł (total value of investments related to the implementation of that project is 12.4 million zł, including the 10.3 million eligible expenditure zł).

Receipt of payments under the financing is dependent on the completion of the project, including having its own contribution by the Issuer and its proper settlement.

Provisions of the agreement with the PARP comply with the applicable standard for such agreements. The agreement contains no provisions for contractual penalties.

The agreement was regarded as significant because its value exceeds 10% of the equity of the Issuer.

Agnieszka Lachor - Proxy