Report no. 79/2012

Pursuant to §5 (1) (11) of the Regulation of the Minister of Finances of 19 February 2009 on current and periodical information provided by issuers of securities and conditions of deeming information required by the regulations of a non-member country equal, the Management Board of EMC Instytut Medyczny S.A. informs that on 13 August 2012 a non-public issue of ordinary bearer bonds of EMC Instytut Medyczny S.A. (the Issuer),  the value  of which exceeds 10% of equity capital of the Company, was carried out.

1. The  purpose of the issue of bonds - the refinancing of liabilities and financing the ongoing operations of the Issuer.
2. Type of bonds – secured ordinary bearer bonds, not in a document form.
3.  Issue volume –7,000  series A bearer bonds.
4. Nominal value and bond issue price – nominal value and issue price amount to PLN 1,000 per each bond, the total nominal value amounts to PLN 7,000,000.
5. Conditions of bond redemption and payment of interest. Interest on bonds is calculated on the nominal value and paid in half-year interest periods counted from the issue date. Interest rate is variable and equals WIBOR 6M rate increased by a margin of 3.5 % on an annual basis. The payment of interest shall be made on the first business day after the end of an interest period. The payment of interest will be made to those entities which are registered as bondholders in the register maintained by Spółdzielcza Grupa Bankowa SA [Cooperative Banking Group Joint  Stock Company]on the day of establishing rules for a given interest period. The redemption of bonds shall be made in the form of a monetary benefit on the redemption date, i.e. on 13 August 2012 according to the bond nominal value. On the redemption date, the issuer will also pay interest for the last interest period. The Issuer allows for a premature redemption of bonds. The redemption of bonds will be made towards those entities which are registered as bondholders in the register maintained by Spółdzielcza Grupa Bankowa SA [Cooperative Banking Group Joint  Stock Company]on the day of establishing rules for the last interest period or, in the case if premature redemption, on the last business day preceding the date of premature redemption specified by the Issuer.
6. The value and forms of a security. Claims arising from bonds are secured. A security is bail mortgage amounting  to PLN 10,500,000 on a property located in Świebodzice of an area of 16,372 16.372 sq. m., owned by the subsidiary company of the Issuer -“Mikulicz” Sp. z o.o. in Świebodzice
7. The value of the Issuer’s obligations contracted as at the last day of a quarter preceding the submission of the Proposal to Buy Bonds (i.e. as at 31 March 2012) amounts to PLN 62,421 thousand. The value of obligations estimated by the Issuer's should not exceed PLN 63,000 thousand until all bonds redemption.
8. The Management Board of EMC Instytut Medyczny SA informs that there are no factors that may affect the ability of the Issuer to fulfil its obligations under the Bonds.
9. The rules of converting the value of a non-monetary benefit into a monetary benefit – The conversion of the value of a non-monetary benefit into a monetary benefit is not provided for.
10. Valuation of properties. A property located in Świebodzice, on the basis of a valuation survey of 15 May 2012, was valued at the price of PLN 17,081,000.

Pursuant to §5 (1) (11) of the Regulation of the Minister of Finances of 19 February 2009 on current and periodical information provided by issuers of securities and conditions of deeming information required by the regulations of a non-member country equal, the Management Board of EMC Instytut Medyczny S.A. informs that on 13 August 2012 a non-public issue of ordinary bearer bonds of EMC Instytut Medyczny S.A. (the Issuer),  the value  of which exceeds 10% of equity capital of the Company, was carried out.

1. The  purpose of the issue of bonds - the refinancing of liabilities and financing the ongoing operations of the Issuer.

2. Type of bonds – secured ordinary bearer bonds, not in a document form.

3.  Issue volume –7,000  series A bearer bonds.

4. Nominal value and bond issue price – nominal value and issue price amount to PLN 1,000 per each bond, the total nominal value amounts to PLN 7,000,000.

5. Conditions of bond redemption and payment of interest.

Interest on bonds is calculated on the nominal value and paid in half-year interest periods counted from the issue date. Interest rate is variable and equals WIBOR 6M rate increased by a margin of 3.5 % on an annual basis. The payment of interest shall be made on the first business day after the end of an interest period. The payment of interest will be made to those entities which are registered as bondholders in the register maintained by Spółdzielcza Grupa Bankowa SA (SGB)  on the day of establishing rules for a given interest period. The redemption of bonds shall be made in the form of a monetary benefit on the redemption date, i.e. on 13 August 2012 according to the bond nominal value. On the redemption date, the issuer will also pay interest for the last interest period. The Issuer allows for a premature redemption of bonds. The redemption of bonds will be made towards those entities which are registered as bondholders in the register maintained by Spółdzielcza Grupa Bankowa SA (SGB) on the day of establishing rules for the last interest period or, in the case if premature redemption, on the last business day preceding the date of premature redemption specified by the Issuer.

6. The value and forms of a security.

Claims arising from bonds are secured. A security is bail mortgage amounting  to PLN 10,500,000 on a property located in Świebodzice of an area of 16,372 16.372 sq. m., owned by the subsidiary company of the Issuer -“Mikulicz” Sp. z o.o. in Świebodzice.

7. The value of the Issuer’s obligations contracted as at the last day of a quarter preceding the submission of the Proposal to Buy Bonds (i.e. as at 31 March 2012) amounts to PLN 62,421 thousand. The value of obligations estimated by the Issuer's should not exceed PLN 63,000 thousand until all bonds redemption.

8. The Management Board of EMC Instytut Medyczny SA informs that there are no factors that may affect the ability of the Issuer to fulfil its obligations under the Bonds.

9. The rules of converting the value of a non-monetary benefit into a monetary benefit – The conversion of the value of a non-monetary benefit into a monetary benefit is not provided for.

10. Valuation of properties. A property located in Świebodzice, on the basis of a valuation survey of 15 May 2012, was valued at the price of PLN 17,081,000.