Aktueller Bericht Nr. 22 / 2010

Signing of an annex to the Commission Contract for Periodic Contract Insurance Guarantee concluded with PZU SA

The Management Board of Budimex SA reports that on March 12, 2010 it received from Powszechny Zakład Ubezpieczeń SA (“PZU SA”) the signed Annexe no. 4 of March 11, 2010 to the Commission Contract for Periodic Contract Insurance Guarantee of May 8, 2007 (“the Contract”).
Pursuant to the Annexe:

• The limit of PLN 70,000,000 has been established to which PZU SA may issue contract guarantees
• Security of the Contract has been renewed which currently comprises 7 blank promissory notes with a promissory note declaration issued by Budimex SA

Other provisions of the Contract remain unchanged.
Material conditions of the Contract, including financial ones, are similar to market conditions.
The contract value exceeds 10% of the equity of Budimex SA.