Date of preparation: 2013-07-24

Current report no. 24/2013

Date of issue: 2013-07-24

Name of issuer: TALEX

Subject: The co-financing agreement with the Minister of Economy

Legal basis: Art. 56 (1) (2) of the Act of 29th July 2005 on public offerings – current and periodical information

The contents of the report:

The Management of Talex S.A. hereby informs that on 23 July 2013 the Company signed the agreement with the Minister of Economy. The subject of the agreement is the subsidy to the Company's project entitled "Creation of IT Centre providing modern services." The maximum value of the grant amounts to PLN 7.15 million gross.

The funding has been granted to the Company under the Operational Programme Innovative Economy 2007-2013 (priority axis 4 "Investments in innovative enterprises," measure 4.5 "Support for investment of considerable importance to the economy," sub-measure 4.5.2 "Support for investment in the modern services sector.")

The agreement does not contain provisions for contractual penalties. Breach of the provisions of the agreement by the Company may result in the termination of the agreement by the Minister of Economy and the obligation to repay the part of the received grant plus interest in the amount specified as tax arrears calculated from the date of the transfer of funds to the bank account of the Company.

The criterion for the recognition of the agreement as significant: the amount of equity.

TALEX SA declares that corporate documents and financial reports are published in English for information purposes only. TALEX SA is not liable for the accuracy of the translation of the original documents in Polish. The original versions of that documents are available at the management board office in Poznań, Karpia Street 27d.