Selling of assets of considerable value by PROCHEM Inwestycje Sp. z o.o.

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Date of publication: 23.12.2010

On December 23, 2010, based on a sales agreement, PROCHEM INWESTYCJE Sp. z o.o. (a subsidiary of PROCHEM S.A.) sold 2,401 shares with a nominal value of 500 PLN each, for a total value of 1,200,500 PLN, in ADVANCED SOLUTIONS INTERNATIONAL POLSKA Sp. z o.o., based in Zabrze, to PROCHEM S.A.

The purchase/sale price of the shares was 3,361,400 PLN.

This amount was deducted from the obligations due from the Seller.

After the transaction, PROCHEM S.A. holds 90% of the shares in ADVANCED SOLUTIONS INTERNATIONAL POLSKA.

The criterion for recognizing these assets as assets of significant value under RRM is the fact that PROCHEM INWESTYCJE Sp. z o.o. sold more than 20% of the shares in ADVANCED SOLUTIONS INTERNATIONAL POLSKA.