Current Report 01/2012

Subject:
The fulfillment of condition of resolving a significant agreement concluded by the subsidiary of the Issuer - Bioenergia Invest SA
 

Legal Basis:
Article 56 clause 1 point 2 of the Act on Public Offering – Current and Interim Information
Contents of the report:
The Management Board of POL-MOT Warfama SA announces that on 2 January 2012 was informed from its subsidiary, Bioenergia Invest SA (Seller) that concluded Framework Agreement for the purchase of agricultural biomass with the company ENERGA Elektrownie Ostrołęka SA in Ostrołęka (Recipient) and the Ekologiczne Materiały Grzewcze sp. z o.o. in Szepietowo (Buyer), which Issuer informed in detail in Current Report 10/2011 dated 9 May 2011, not entered into force, because the parties have not concluded Biomass Supply Agreement to 31 December 2011, defeasance come true.

The cause of failure of Biomass Supply Agreement is a limited amount of biomass on the Polish market and caused by that managing resources owned by the Bioenergia Invest SA accordance with the new, amended in this respect, the strategy of the Company.
Bioenergia Invest SA will provide biomass to ENERGA Elektrownie Ostrołęka SA in Ostrołęka, but in a different (from recorded in the above Agreement) structure. In addition to its own agricultural biomass production company intends to provide imported biomass to the power plant.
 
Legal basis:
Pursuant to § 5 section 1 point 4 in connection with § 10 of the Minister of Finance Regulation of 19 February 2009 on current and periodic reporting by issuers of securities and the rules of equal treatment of the information required by the laws of non-member states (Journal of Laws of 2009 No. 33, item 259, later amended)