The Management Board of Advadis S.A. in bankruptcy with composition agreement (hereinafter: "Company", "Issuer" ) informs that on 23^rd July 2012 the Company received the settlement signed by the other party of 20^th July 2012 (hereinafter: "Settlement") concluded with Bank Gospodarki Żywnościowej Spółka Akcyjna with its seat in Warsaw (hereinafter: "Bank").

Pursuant to the Settlement – in order to ensure liabilities resulting from the Credit Agreement in the current account signed between the bank and the Company of 16^th March 2012 (about the termination of which the issuer informed by means of the Current Report no. 43/2011 of 17^th October 2011) – the Company undertakes to repay the following:

1. debt towards required capital, amounting to PLN 10 584 199.66, according to the following schedule:

- 71 monthly instalments amounting to PLN 37 268.31 each, payable during the period from January 2013 to November 2018, provided that the repayment period for the required capital cannot commence later than on the last day of the month, in which the Decision issued by the District Court for Katowice - Wschód in Katowice, 10^th Commercial Division on approving the Issuer’s settlement with its creditors has become final and binding.

- amount of PLN 7 938 149.65, payable on 30^th December 2018.

2. interest amounting to PLN 495 883.90, payable on 30^th December 2018.

The foregoing value of the Contract exceeds 10% of the value of income generated by the Issuer for the period of the last four quarters, which constitutes the criterion to recognise the Contract as significant.

Moreover, pursuant to the Contract, as per the moment the Bank has received the last payment, provided the Issuer has completely and promptly met its obligation to repay the debt, current interest, all the costs and commissions calculated during the period of Settlement validity, the Bank shall release the Company from an additional debt amounting to PLN 247 941.95, towards a part of interest.

The conditions of the signed Settlement do not provide for contractual penalties. The remaining terms do not differ from market standards in the contract of such type.

Legal basis: § 5 par.1 item 3  of the Regulation of the Minister of Finance of 19^th February 2009 on current and periodical information to be submitted by issuers of securities and conditions to recognize as equivalent the information required by legal provisions of a country other than a Membership State (Journal of Laws of 2009 no. 33, item 259, as amended);