Mazovian Fund of Credit Sureties

Warsaw (June 2010)

MFPK Sp. z o.o.

MFPK was created thanks to the Marchal’s initiative of the Mazovia

region in 2003

MFPK shareholders Warsaw Marshall Office and Warsaw City Council

State Economy Bank

Wojewódzki Fundusz Ochrony Środowiska i Gospodarki Wodnej in Warsaw

Districts: Otwocki, Płocki, Sochaczewski, Kozienicki, Mławski

Gminy: Mszczonów, Teresin, Świercze,

Cities: Józefów, Siedlce, Ostrołęka, Sokołów Podlaski, GarwolinMiasto i Gmina Wołomin Miasto i Gmina Grodzisk Mazowiecki

Business associations: Mazovian Chamber of Craft and Entrepreneurship, Warsaw and Mazovian Employers Association

MFPKOwnership structure of the Fund increases

credibility in the financial marketwhich confirms the co-operation with major banks operating in Poland, crediting beneficiaries of the

Fund:

PKO BP SA, BRE Bank SA, Pekao SA, ING Bank Śląski SA,

DnB Nord Polska SA, BPH SA, Polski Bank Spółdzielczy in Ciechanowie, Mazowiecki Bank Regionalny SA.

Now Fund is negotiating partnership agreements with:

Bank BGŻ SA, Bankiem Polskiej Przedsiębiorczości SA oraz Millennium SA

MFPK missionThe statutory task of the Fund is to help Polish

entrepreneurs from the SME segment in improvingaccess to external sources of financing through

granting civil law guarantees that securecredit and bank loans repayment

With large-scale guarantee activityMFPK carries out public tasks in the framework of

combating unemploymentand activating labor market.

MFPKMFPK as regional fund

cooperates with many institutionsand organizations creating the infrastructure for

business support in Mazovia region.

Thanks to this cooperation fund provides itsbeneficiaries with easier access to economic

information, helps to identify the optimalsources of financing current activities and future investments, helps to identify areas of increased

risk (Thanks to this clients of the Fund are only

occasionallyunable to pay contracted obligations)

MFPK cooperates with Mazovian Regional Loan Fund Mazovian Development Agency Mazovian Energy Agency Mazovian Unit of EU Programmes Implementation Mazovian Chamber of Craft and Entrepreneurship Warsaw and Mazovian Employers Association Polish Economic Covenant Institute of Mechanised Construction and Rock

Mining (beneficiary of EU network in terms of Enterprise programme)

MFPK offers

The beneficiaries of the Fund aremicro, small and medium-sizedcompanies - already operating

or entering the market, having registered headquarter

or one of its subsidiariesin Mazovia region

MFPK offersCredits and bank loans guarantees up to 70% of

commitments (in case of another co-underwrittingwith regional fund or the BGK max. 80%)

Guarantee time– till 60 months

Maximum guarantee amount– 800,000,000 PLN (bridge guarantee- 2 mln PLN)

One-time fee for the provision of guarantees– max. 3%

(dependent on the period of guarantee and risk of guarantee)

MFPKWithin six years of building its brand

MFPK developed safe procedures of granting guarantees and the principle of cooperation

with banks, which resulted in dynamic growth in the amount of provided guarantees.

During this period Fund strengthened its partnership credibility thanks to the received positive financial results. This gave basis for

obtaining high ratingsgiven by the BGK and independent rating agencies.

MFPK

Receiving additional capital inter alia from the EU funds and gathering guarantee capital of more than 53 mln PLN, enables active

and effective activities supporting development of

entrepreneurship in the region and thus

activation of the labor market.

MFPK

In 2005-2008 MFPK finalised two projects in cooperation with Polish Agency for

Enterprise Development funded by the European Union sources within the Sectoral Operational Programme: Improvement of Competitiveness of Enterprises Measure

1.2.2. "The recapitalization of credit guarantee funds” .

Both projects were completed, achieved result- support for 1,000

companies operating in Mazovia region.

Number and value of granted guarantees and value of secured loans (in the following years)

MFPK

MFPK

MFPK gave more than 2000 guarantees in an amount of nearly

370 million PLN until the end of 2009.

Thanks to the Fund’s cooperationwith financial institutions they were

able togive credit for the amount of 660

million PLN.

The ratio of guarantee capital to the value of active guarantee (increasingly) years 2004-2009

MFPKThanks to the shareholders and the

EU sources MFPK managed to facilitate running business of almost

1700 companies and individual entrepreneurs from the Mazovia region .

Fund has also contributed tomaintenance of employment in companies

that had receivedexternal funding for its development.

In many cases MFPK was a driving force increasing employment growth.

The level of employment rate growth in each

year

(data compiled on the basis of statements of the Funds beneficiary)

MFPK

Based on the data obtained from the Fund the number of newly created jobs are estimated at around 3.7 thousand within the past six

years.

Running guarantee business in accordance with the EU horizontal policies also led to support projects related to setting up new

companies by women. More than 340 companies cooperating with MFPK are driven

by women or co-managed by them.

EU subsidies in the framework of RPO WM

In 2009 MFPK took part in the contest to win a further grant from the EU projects implemented under the Regional Operational Programme 2007-2013 in the Mazovia voivodeship under Priority I - "Creating the conditions for the development of innovative capacity and entrepreneurship in Mazowsze", Action 1.4, "Strengthening the business environment institutions„

This contest has been settled and the Fund after completion of the procedures relating to the signing up the agreement received additional resources amounting up to 70 million.

Further recapitalization of the Fund allows MFPK to:

Extend the financial services catalogue and create new products (with emphasis on the promotion of innovative projects contributed to the infrastructure development, environment protection, information society)

Launch new branches in the other regions

Sign up new agreements with new financial institutions

MFPKAll these activities aim to

create stronger links and partnership contacts between the private

and public sector in order to supportSME’s development activities and to eliminate

disparities in economic and social development of Mazovian region.

Benefits for SMEs resulting from the cooperation with the Fund

Possibility of financing its activities with external sources

Increasing the competitiveness of enterprises through new investments

Obtaining the Status of credible client in Banks cooperating with the Fund

Possibility of benefiting from the EU funds

Better cooperation with business associations

Opportunity to increase employment and thus faster development of the company

Summarizing of the MFPK activity Awards and honours

2006 - the title of "Leader of Business in 2006" for outstanding achievements in the field of entrepreneurship, innovation and adapting the company's integration with European market

2006 - Award received from the Regional Fund for Environmental Protection and Water Management in Warsaw for cooperation related to environmental protection

2007 - leader for the Promotion of Enterprise Development Program

2008 - leader for Enterprise Development Promotion Programme

2009 - Polish National Sales Award (PNSA) - A leader in the use of EU funds

2009 - the title 'Partner of Promotion of Entrepreneurship Development "

2010 - participation in the Programme for Economic and Consumer "Reliable Company

MFPK

Contact info:

Ul. Mycielskiego 20, 04-379 Warszawa (working hours 8.00-16.00)

Phone: +48 22 840-32-35, Fax. +48 22 840 32 53

E-mail: biuro@mfpk.com.pl

Mazovian Fund of Credit Sureties

Thank you for attention