With reference to the current report no 12/2012 of 13 April 2012, and the current report No. 21/2012 of 24 May 2012, the Management Board of Trakcja – Tiltra S.A.(the “Issuer”) hereby announces that today, it became aware that a subsidiary of the Issuer: Poldim S.A. with its registered office in Tarnow filed ??to the District Court in Tarnow, 5th Commercial Division an application for modification of the bankruptcy petition open to composition agreements into a liquidation bankruptcy petition. Poldim S.A. in spite of filing of the above application is willing to continue to conduct its economic activity with an option to later convert the petition into the bankruptcy petition open to composition agreements.