The Management Board of Budimex SA reports that on March 2, 2010 it received a signed agreement concerning bank guarantees from the Polish branch of Societe Generale SA.
Pursuant to the Agreement, Budimex SA may place instructions at the Bank for furnishing bank guarantees totalling PLN 150,000,000. Validity period of the Agreement: February 28, 2011. The Agreement does not provide for establishing securities. Other financial terms and conditions are standard for this type of agreement.
The contract value exceeds 10% of the equity of Budimex SA.