Report no. 103/2011

Pursuant to §5 (1) (3) of the Regulation of the Minister of Finances of 19 February 2009 on current and periodical information provided by issuers of securities, the Management Board of EMC Instytut Medyczny S.A. informs about receiving as of 20 October 2011  annexes to the contract concluded with the National Health Fund the Mazowieckie Voivodeship Branch in Warsaw (the Fund Branch) regarding healthcare services in the scope of hospital treatment, outpatient specialist care— health care services provided at outpatient clinics and outpatient specialist care — cost-consuming outpatient diagnostic services as well as psychiatric care and addiction treatment for the period from 1 January to 31 December 2011.

Healthcare services referred to in the said annexes are provided by St. Anne’s Hospital in Piaseczno owned by EMC Instytut Medyczny S. A. – EMC Piaseczno sp.z o.o. in Piaseczno.

The Issuer informed about the contracts with the Fund Branch concerning rendering services in 2011 in its current reports nos.: 35/2011 of 04.03.2011, 57/2011 of 1.04.2011, 69/2011 of 7.06.2011, 70/2011 of 9.06.2011, 72/2011 of 22.06.2011,  96/2011 of 29.08.2011, 98/2011 of 14.09.2011 and 98/2011 K of 15.09.2011.

As a result of signing the said annexes, the value of the contract with the highest value was changed and currently amounts to PLN. 20,403,507.45 (an increase by PLN. 2,562,813.00). The total maximum Fund Branch liability towards St. Anne's Hospital  in Piaseczno for the period from 1 January to 31 December 2011 was changed and currently amounts to PLN. 22,526,778.85 (an increase by PLN. 2, 267,556.40).
The Increase in the National Health Fund liability in respect to hospital treatment is the result of the Fund Branch  accepting the motion of  St. Anne’s Hospital in Piaseczno  that the contract value should be extended in relation to the high demand from patients for the provision of services and the need to improve these services availability. The other annexes, concerning outpatient specialist care,  psychiatric care and addiction treatment, were related to the closure of accounts for services provided in these areas in the first six months of the year.

A criterion for a contract to be considered significant:
The value of contracts exceeds 10% of the Issuer's equity capital.