Current report 18/2011

Subject:

Closing of the URSUS transaction

Legal Basis:

Article 56 section 1 point 2 of the Act on Public Offering – current and periodic information

Contents of the report:

With reference to the Current report 9/2011 (April 26, 2011) , Current report 11/2011 (May 10, 2011), Current report 17/2011 (June 18, 2011) and concluded on April 26, 2011 with the company Bumar sp. z o.o. sales contract for tractors brand "URSUS", sales contract for trademarks "URSUS" and the contract for the sale of shares in URSUS sp. z o.o. headquartered in Warsaw, the Management Board of POL-MOT Warfama SA announces that on June 20, 2011 the Company signedwith the company Bumar sp. z o.o. closure protocols for each of the agreements and became the owner of all purchased components of URSUS. The value of the sales contract for tractors brand "URSUS" amounted finally PLN 4,799,665.00. The remainingamount of the transaction have not changed, the sale agreement of trademarks "URSUS" amounted PLN 8,100,000 and the contract of sale of URSUS’s shares PLN 1.

In connection withthe signing of the above protocols, the sale of URSUS which beganon April 26, 2011  has been completed. POL-MOT Warfama SA became the owner of the trademark URSUS, 100% shares of Ursus sp. z o.o. in Warsaw and 59 tractors brand "URSUS".

 The full value of sales contract for tractors brand "URSUS", sales contract for trademarks "URSUS" and the contract for the sale of shares in URSUS sp. z o.o. headquartered in Warsaw exceeds10% of the equity of the Issuer. Other conditions of agreements do not depart from the standard, generally accepted at this type of contract.

Pursuant to § 5 section 1 point 3 in conjunction with § 9 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).