The judgment of the District Court in Warsaw, Commercial Division XXVI in the case against PERN S.A.

Date of publication: 22.10.2015

With reference to the information contained in the interim reports of PROCHEM S.A. (The “Issuer”) in respect to legal proceedings related to the settlement of the contract which was interrupted on 10 November 2005 covering Management Contracting for the investment project under the name “Rurociąg w relacji ST-1 Adamowo – Baza Surowcowa Plebanka” concluded with PERN S.A. by the consortium, whose leader was the Issuer, the Management Board of the Issuer informs that on 22 October 2015 the District Court in Warsaw, Commercial Division XXVI, in a case brought by the Issuer and a member of the consortium against “Przedsiębiorstwo Eksploatacji Rurociagów Naftowych “Przyjaźń” S.A. seated in Plock (hereinafter referred to as PERN) for the payment of PLN 41,301,495.22 and from counterclaim lodged by PERN S.A. against the Issuer, as well as against a member of the consortium for the payment of PLN 105,795,293.14 :

from the principal action, jointly and severally to the Issuer and a member of the consortium adjudged from PERN:

– amount of PLN 35,086,589.26, with statutory interest from 23 March 2006 until the date of payment;
– amount of PLN 4,879,883.58, with statutory interest from 22 March 2006 until the date of payment;
– amount of PLN 126,400.44, with statutory interest from 16 January 2007 until the date of payment;

in the cross action, dismissed the action of PERN in its entirety.

The above-mentioned About the next events concerning the process Issuer will inform on a regular basis in subsequent communications.

About the next events concerning the process Issuer will inform on a regular basis in subsequent communications.