On January 23rd, 2010 the Management Board of Budimex SA learned that the condition concerning the construction and operation of the A1 highway between Stryków and Pyrzowice in the concession system in accordance with the agreement signed between Autostrada Południe SA and the State Treasury had not been fulfilled.
Due to the above, Phase II of the agreement concluded by and between the general partnership under the name of Budimex Spółka Akcyjna Ferrovial Agroman Spółka Akcyjna Spółka Jawna and Autostrada Południe SA for the design and construction of the section of A1 highway between Stryków and Pyrzowice with the net value of PLN 5,791,000,000, which Budimex SA informed about in current report no 04/2010 of January 19th, 2010, did not become effective.
Phase II of the agreement concerned construction work.
Phase I, the value of which was estimated at PLN 180 million, covered the design.
Budimex S.A. has 50% of shares in Budimex Spółka Akcyjna Ferrovial Agroman Spółka Akcyjna Spółka Jawna.

The value of the contract exceeds 10% of the equity of Budimex SA.