|Lodging of a bankruptcy petition open to composition agreements by the subsidiary Vectra S.A.|
|Legal basis:||Art. 56 section 1 item 2 of the Act on Public Offering – current and interim information|
|Signatures:||Eduardo Martínez Martínez
First Vice President of the Management Board of P.R.I. “POL-AQUA” S.A.
Second Vice President of the Management Board of P.R.I. “POL-AQUA” S.A.
|Content:||The Management Board of Przedsiębiorstwo Robót Inżynieryjnych “POL-AQUA” Spółka Akcyjna hereby informs that on this day, i.e. October 4th, 2010, the Management Board of the company Vectra Spółka Akcyjna, having its registered office in Płock (“Vectra”) filed a bankruptcy petition open to composition agreements to the District Court in Płock, 5th Commercial Department.
In the report for the first half of 2010, the Management Board of “POL-AQUA” S.A. disclosed a write-down on goodwill created as a result of acquiring the company Vectra S.A. for a total of PLN 84,015 thousand in 2007. The write-down was created based on the analysis of the company’s financial results and its financial and operating situation, which pointed to significant premises for impairment. It should be highlighted that the aforesaid write-down has no impact on the operating result of POL-AQUA Capital Group or on its cash flows; therefore, it does not influence the financial standing of POL-AQUA Capital Group.