The turnover in excess of 10% of sales revenues – a significant agreement

The Management Board of Orzeł Biały S.A. (“The Issuer”, “The Company”) announces that the turnover of the last 12 months, according to closed accounting periods with a Counterparty with which the Issuer is collaborating in terms of lead and lead alloy sales, exceeded 10% of the total revenue of the Issuer’s Group of Companies for the last four quarters (third quarter 2013 – second quarter 2014).

The sales of lead and lead alloys have been made based on on-going orders since January 2013 and meet the criteria of a significant agreement.

The price at which lead and lead alloys are sold includes a base price established on the basis of the average monthly official listings (“Settlement”) for lead at the London Metal Exchange during the quotation period, which is increased by the Company’s premium. Orders on the basis of which the sales are made do not provide for contractual penalties. Remaining conditions of the cooperation do not differ from market standards applied to significant agreements.

The public disclosure of the counterparties and of financial conditions of the cooperation in the above-mentioned area has been delayed pursuant to Art. 57 Para. 1 of the Public Offering Act.

Legal basis:
MFR SE § 5 Para. 1 Pt. 3

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