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Agenda

A New Investment of the Mint of Poland The Mint of Poland Results after 1Q2011 and the Company and Group Prospects Meeting investors. Presented by: Tadeusz Steckiewicz , Mint of Poland’s General Director Barbara Sissons , Mint of Poland Board Member

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Agenda

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  1. A New Investment of the Mint of Poland The Mint of Poland Results after 1Q2011 and the Company and Group ProspectsMeeting investors Presented by: Tadeusz Steckiewicz, Mint of Poland’s General DirectorBarbara Sissons, Mint of Poland Board Member Leszek Kula, Mint of Poland Board Member Warsaw, 26th May 2011

  2. Agenda A New Investment of theMint of Poland Group ……….……………………………...3TheMint of Poland Group Results…….……………………….………….……………10TheMint of Poland Company and Capital Group Market Environment …..………..15 TheMint of Poland Management Summary ..……………………………………..….22 Reference.................………………………………………..……………………….......25

  3. A New Investment of theMint of Poland Capital Group – purchase of 27.6 ha from FSO

  4. A New Investment of theMint of Poland Capital Group The Mint of Poland Subsidiary purchased 27.6119 ha of attractive landat Jagiellońska Street by the Vistula River in the vicinity of Grot-Rowecki and Gdańsk Bridges

  5. Grot-Rowecki Bridge TheMint of Poland Group Property Boundary (white line) Planned Krasiński Bridge (red area) Wisła Starzyński Roundabout and entrance to Gdańsk Bridge

  6. Ivestment in Żerań was made by a company from the Group and properly secured TheMint of Poland and Limited and Joint Company Shareholders 50 % 50 % The Mint of Polandand the Mint of Poland FIZAN Altus FIZAN The purchase of the property was made ​​by the Mint of Poland Stock Company and Limited and Joint Company, in which the Mint of Poland Capital Group owns 50 percent equity and is the sole general partner. The net amount of the transactions totaled 130.4 million, and half of the expenditures is accounted for by the Mint of Poland Capital Group. The means by which the Group financed the purchase of the property, were located in the Mint of Poland FIZAN subsidiary. The means were generated by the sale of RUCH S.A. shares.

  7. Attractive price of the purchase of property from FSO (comparison of transactions on the Warsaw market in 2011) The Mint bought over 27.6 hectares in Żerań from FSO for the net amount of 130,4M Polish zloty JW Construction signed the contract of purchase of 8 ha in Wola for the net amount of 174M Polish zloty (conditional contract with Black Lion NFI) Dom Development signed the contract of purchase of undeveloped property in Żoliborz districtwith an area of 9.9 ha for the net amount of 168,3M Polish zloty In the assesment of the developers and companies monitoring the property market the business cycle peak on the capital’s property market will take place around 2016.

  8. Advantages of the Mint of Poland’s property Near the Vistula Embankment in the vicinity of Grot-Rowecki Bridge • A 15-minute drive to the center of Warsaw (along Jagiellońska Street) • - In the vicinity of two bridges (Gdańsk and Grot-Rowecki; in future the city maybuild Krasiński Bridge near the Mint of Poland property) • Well developed tram and bus service • Nearby the PKP train station • - Green areas near the Vistula River Tram and bus service in Jagiellońska Street

  9. Plans for implementingthe investment in Żerań Objects to be demolished FSOTest track Objects to be demolished Details of the development will be agreed during the negotiations with the city council. The Mint of Poland foresees that it will obtain the necessary permits for the development of property within the next two years. The division of investment into investment modules (buildings for offices, services and housing) is planned.

  10. The Results of the First Quarter of 2011

  11. TheMint of Poland Consolidated Sales Income In the First Quarters of Individual Years The Mint of Poland Group increased sales despite the slowdown on the numismatic market in Poland. The revenue from ticket sales and gold investment increased in particular.

  12. TheMint of Poland Group Sales Revenue broken down into segments Data in million Polish zloty for first quarters of 2011 and 2010

  13. Consolidated EBITDA of the Mint of Poland Capital Group

  14. Consolidated quarterly financial data for The Mint of Poland Group Revenue in million Polish zloty Operations result in million Polish zloty IQ2007 IQ2008 IQ2009 IQ2010 IQ2011 EBITDA in million Polish zloty Net result in million Polish zloty

  15. TheMint of Poland Group Market Environment

  16. The influence of the kolekcjoner.nbp.pl system on the Polish numismatic market Coin mintage in thousands of pcs Silver coins Gold coins Source: NBP, data on the new issues of Polish collector coins (gold and silver). In IQ2011 the NBP has not issued any gold coins.

  17. Mint of Poland continued development of sales of gold investment Data in million Polish zloty IQ 2010 IQ2011 The Mint of Poland is the largest operator in the country that offers individuals investment gold. In the Mint of Poland’s assesment, the gold investment market will increase by about 10-15 percent to around 1600 kg this year.

  18. The main investment program, in particularin the area of electronic payments, has been finished Data in million Polish zloty

  19. Improvement of Electronic Payments Divisionresults – completed investment program and implementation period Operating profitability of Electronic Payment Division of the Mint of Poland Data in percent.

  20. Improvement of Electronic Payments Division results – completed investment program and implementation period

  21. One-off events relevant to the Shareholders 2011 2.13 % of the company’s capital, concentrated for redemption (purchased for 14.5M Polish zloty) has been located on the Mint’s account 2010 – redemption and cancellation of own shares of the Polish Mint SA – 86M Polish zloty On 19th May NWZA decided on further redemption of the Company’s capital to 20 % On 3 th May 2011 a stock split was performed by reducting the nominal value of sharesfrom PLN10 to PLN 1 -10:1

  22. TheMint of Poland Management Summary

  23. TheMint of Poland Management Summary TheMint of Poland is a profitable company with a stable financial foundation, but, as inthe case of other companies, the results depend, among others, on the market environment. A key factor influencing the Company and Group’s results in IQ2011 was a change in the distribution system of Polish collector coins introduced on 1st January 2010. This system applies to all distributors. Its operation does not depend on the Mint of Poland. Introduction of the new distribution system reduced the availability of Polish coins, complicated the process of their purchase and increased the price of coins. For these reasons the editions of Polish collector coins orderedwiththeMint of Poland, decreased significantlycompared to previous years. TheMint of Poland tried to compensate for the loss of revenue due to reduced orders for Polish collector coins by the production and sale of coins in the royalty system, or collector coins issued in Mint of Poland on behalf of foreign emittents, and the production of numismatics for the Mint of Poland’s subsidiary, Skarbiec Mennicy Polskiej. The Company has significantly expanded the sale of gold investment and sale of electronic tickets. The Board ofthe Mint of Polandexpands into electronic moneywhich, in the assessment of the Company, will be increasingly important in the future. In 2011, the Company plans to invest at the replacement level.

  24. Thank you for your attention, questions are welcome 240 years of experience and tradition WSE The listed company Stablefinancial foundations

  25. Reference

  26. TheMint of Poland Shareholders * 35.71% 45.63 % 5.98 % 6.48 % 6.20 % *Data as at 15th November 2010, after the court registration of capital reduction due to the redemption and cancellation of shares.

  27. TheMint of Poland is the only partner ofThe National Bank of Poland in the production of coins Mintage of circulation coins produced by the Mint of Poland for NBP in pcs Source: NBP From 1990 to the end of 2010, the Mint of Poland issued 11,441,853,054 circulation coins for NBP.

  28. Electronic payments as at 1 May 2011 TheMint of Polandexpands the range of services available with the city cards. In theMint sales network in Warsaw you can now recharge Citibank credit cards by tickets. A few weeks ago Wrocław, the Mint of Poland and large retail banks expanded their offer by the city payment card.

  29. Annex TheMint of Poland Capital Group operates in the following areas: Segment I – mint production, including, among others, the issue of circulation and collector coins, medals (except for precious metal medals), state decorations and badges, stamps, official seals, daters, assay stamps, monetary tokens; Segment II – processing of precious metals, including, among others, the following products: catalytic and capture nets, paints, glass furnaces equipment, drawn and rolled products made ​​of precious metals, laboratory equipment and numismatic products made of precious metals (Au and Ag medals and tokens), Au and Ag bars; Segment III – services, including renting office spaces, property protection and cash shipments; Segment IV – magnetic tickets; Segment V – trade goods and materials (sale of gold and silver discs, bars purchased and subsequently resold, sale of NBP coins to the distributors, pre-paids); Segment VI – housing (not present in 2010 )

  30. Disclaimer This presentation was prepared by the Mint of Poland. It does not contain a complete financial or business or overall analysis of the Company, neither does it present its position or prospects in a complete or overall way. Any person intending to take financial decisions regarding any securities issued by the Mint of Poland is recommended to rely on the information disclosed in official communicationsof the Mint of Poland in accordance with the applicable law.

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