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2/2013 Significant agreement with the National Health Fund

The Management Board of Centrum Medyczne ENEL-MED S.A. informs that, on 18 January 2013, the Company received a signed annex to the agreement concluded with the National Health Fund – Masovian Voivodeship Branch in Warszawa, which specifies the terms of financing of “diagnostic services” for the year 2013. As a result, the total value of the agreements concluded between the Company and the National Health Fund since publication of Current Report No. 26/2012 on 22 June 2012 reached PLN 8.245.602,30 net, and thus exceeded the threshold of 10% of the Company’s equity.

The value of the largest agreement concluded with the National Health Fund in this period amounted to PLN 5.170.149,00 net; the agreement was received by the Company on 18 January 2013. The subject matter of this agreement is provision by the Company of health-care services in the form of outpatient specialist care in the field of computed tomography, gastroscopy and colonoscopy in diagnostic laboratories and centres in Masovian Voivodeship (Zacisze, Bielany in Warszawa, Wołomin).

The agreement was concluded for the period from 1 January 2011 to 31 December 2013 (as an annex to the multiannual agreement, which specifies its value for the year 2013). The value of the agreement may reach the maximum amount of PLN 2.585.169,00 net in the settlement period from 1 January 2013 to 30 June 2013, and PLN 2.584.980,00 net from 1 July 2013 to 31 December 2013, which means that its total value may amount to PLN 5.170.149,00 net.

The agreement provides for the following contractual penalties for the Company:

a)    In the case of issuing prescriptions to unauthorised persons or in the case of issuing prescriptions in unjustified cases, the Fund’s Branch may impose on the Service Provider a contractual penalty equivalent to the undue reimbursement of medicines made on the basis of the prescriptions, including statutory interest accrued from the date of the reimbursement;

b)    in the case of issuing orders for the supply of medical devices being orthopaedic items or of aids financed in whole or in part by the National Health Fund to unauthorised persons or in unjustified cases, the Fund’s Branch may impose on the Service Provider a contractual penalty equivalent to the amount of the undue financing, including statutory interest accrued from the date of the reimbursement.

The terms of the agreement, including the contractual penalties defined therein, do not differ from market standards.