13/05/2013 20:34

43/2013 – Draft resolutions of the Annual General Meeting

The Management Board of Trakcja Spółka Akcyjna with its registered office in Warsaw (hereinafter referred to as: the “Company”), in conjunction with the current report no 42/2013 of 13 of May 2013, announces the draft resolutions that will be discussed at the Annual General Meeting convened as at 12 June 2013. The proposed resolutions are as follows:

Point 1. of the agenda:

Resolution No. [*] 

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the election of Chairman of the Annual General Meeting

Ҥ1

Pursuant to Article 409 § 1 of the Code of Commercial Companies, the Annual General Meeting decides to elect [_]as the Chairman of the Annual General Meeting.

§2

The resolution becomes effective on the date of its adoption.”  

Point 3. of the agenda:

Resolution No. [*]

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the acceptance of the agenda of the General Meeting

Ҥ1

The Company’s Annual General Meeting accepts the meeting agenda of the Company’s General Meeting as follows:

1. Opening of the Annual General Meeting and adoption of a resolution on the election of a Chairman;
2. Confirmation of the correctness of calling the Annual General Meeting and its capacity to adopt resolutions, as well as checking the attendance list;
3. Adoption of a resolution on the acceptance of the meeting agenda;
4. Review and approval of the Supervisory Board’s report on the results of the evaluation of the reports referred to in point 5 and point 6 of this meeting agenda, assessment of the Company’s situation and Company’s Capital Group situation, and assessment of  the Management Board’s proposition on the coverage of the Company’s loss;
5. Review and adoption of resolution on the approval of the Company’s Management Board’s Report on the Company’s activities in 2012 and the Company’s financial statement for 2012;
6. Review and adoption of a resolution on the approval of the consolidated financial statement of the Trakcja S.A. Capital Group for 2012 and the Management Board’s Report on the activities of the Trakcja S.A. Capital Group in 2012;
7. Adoption of a resolution on the coverage of the loss incurred by the Company in 2012;
8. Adoption of resolutions awarding a vote of approval to the members of the Company’s Management Board for the fulfilment of their duties in 2012;
9. Adoption of resolutions awarding a vote of approval to the members of the Company’s Supervisory Board for the fulfilment of their duties in 2012;
10. Adoption of resolutions on appointment of members of the Company’s Supervisory Board for a new joint term of the office;
11. Adoption of a resolution on remuneration of the Members of the Company’s Supervisory Board;
12. Adoption of a resolution on amendment of the Company’s Articles of Association;
13. Close of the Annual General Meeting.

§2

The resolution becomes effective on the date of its adoption.” 

Point 4. of the agenda:

Resolution No. [*]

of the Annual General Meeting

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of  [*] 2013

on the approval of the Supervisory Board’s report on the assessment of the Company’s activities and the Company’s financial statement for 2012, as well as the report on the Trakcja S.A. Capital Group’s activities and the Trakcja S.A. Capital Group’s financial statement for 2012, the assessment of the Company’s situation, the assessment of the Trakcja S.A. Capital Group’s situation, as well as assessment of the Management Board’s proposition on the coverage of the Company’s loss

Ҥ1

After reviewing the Supervisory Board’s report covering the results of the assessment of the Management Board’s report on the Company’s activities and the Company’s financial statement for 2012, as well as the report on the Trakcja S.A. Capital Group’s activities and the Trakcja S.A. Capital Group’s financial statement for 2012, the assessment of the Company’s situation, the assessment of the Trakcja S.A. Capital Group’s situation, as well as the assessment of the Management Board’s motion on the coverage of the Company’s loss for 2012 from the profit, which will be gained in future financial years, the Annual General Meeting of the Company decides to approve this report.

§2

The resolution becomes effective on the date of its adoption.”  

Point 5. of the agenda:

Resolution No. [*] 

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the approval of the Company’s Management Board’s Report on the Company’s activities in 2012 and the Company’s financial statement for 2012

Ҥ1

Pursuant to Article 395 § 2(1) of the Code of Commercial Companies, after reviewing the Company’s Management Board’s Report on the Company’s activities in the financial year ended on 31 December 2012, the Annual General Meeting decides to approve it. 

§2

Pursuant to Article 395 § 2(1) of the Code of Commercial Companies, the Annual General Meeting, after reviewing the Company’s financial statement for the financial year ended 31 December 2012, consisting of: 

1. the Company’s balance sheet prepared as at 31 December 2012 with total assets and total equity and liabilities of PLN 731 738 thousand (seven hundred thirty one million seven hundred thirty eight thousand zlotys);
2. the Company’s profit and loss account for the period from 1 January 2012 to 31 December 2012 showing a net loss of PLN 32 850 thousand (thirty two million eight hundred fifty thousand zlotys);
3. the Company’s statement of changes in equity from 1 January 2012 to 31 December 2012 disclosing an decrease in equity by PLN 34 834 thousand (thirty four million eight hundred thirty four thousand zlotys);
    
4. the statement of comprehensive income for the period from 1 January 2012 to 31 December 2012 disclosing a total negative income of PLN 32 850 thousand (thirty two million eight hundred fifty thousand zlotys);
    
5. the Company’s cash flow statement for the year ended 31 December 2012 disclosing a net decrease in cash over the year from 1 January 2012 to 31 December 2012 by PLN 52 418 thousand (fifty two million four hundred eighteen thousand zlotys); and

1. the Company’s additional information and explanations for the financial year ended 31 December 2012.

approves the Company’s financial statement for the 2012 financial year. 

§3

The resolution becomes effective on the date of its adoption.”

Point 6. of the agenda:

 Resolution No. [*]

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013 on the approval of the financial statement of the Trakcja S.A. Capital Group for 2012 and the Management Board’s Report on the activities of the Trakcja S.A. Capital Group in 2012

Ҥ1

Pursuant to Article 395 § 5 of the Code of Commercial Companies, the Annual General Meeting, after reviewing the consolidated financial statement of the Trakcja S.A. Capital Group for the financial year ended 31 December 2012, consisting of:

1. the consolidated balance sheet prepared as at 31 December 2012 with total assets and total equity and liabilities of PLN 1 320 046 thousand (one billion three hundred twenty million forty six thousand zlotys);
2. the consolidated profit and loss account for the period from 1 January 2012 to 31 December 2012 showing a net loss of PLN 14 896 thousand (fourteen million eight hundred ninety six thousand zlotys);
3. the consolidated statement of comprehensive income for the period from 1 January 2012 to 31 December 2012 disclosing a total negative comprehensive income of PLN 26 408 thousand (twenty six million four hundred eight thousand zlotys);
4. the consolidated statement of changes in equity from 1 January 2012 to 31 December 2012 disclosing a decrease in consolidated equity by PLN 56 170 thousand (fifty six million one hundred seventy thousand zlotys);
5. the consolidated cash flow statement disclosing a net decrease in the level of cash for the period from 1 January 2012 to 31 December 2012 by PLN 101 369 thousand (one hundred one million three hundred sixty nine thousand zlotys);
6. the additional information and explanations;

approves the consolidated financial statement of the Trakcja S.A. Capital Group for the 2012 financial year.

§2

Pursuant to Article 395 § 5 of the Code of Commercial Companies, the Annual General Meeting, after reviewing the report on the activities of the Trakcja S.A. Capital Group in the financial year ended 31 December 2012, decides to approve it. 

§3

The resolution becomes effective on the date of its adoption.”

Point 7. of the agenda:

Resolution No. [*] 

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the coverage of the Company’s loss for 2012

„§1

Pursuant to Article 395 § 2(2) of the Code of Commercial Companies, the Annual General Meeting hereby decides that the Company’s lossincurred by the Company in the financial year ended 31 December 2012 of 32,850,849.54 (thirty two million eight hundred fifty thousand eight hundred forty nine 54/100 zlotys), will be covered from the profit, which will be gained in future financial years.

§2

The resolution becomes effective on the date of its adoption.” 

Point 8. of the agenda:

Resolution No. [*] 

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the award of a vote of approval to Mr. Maciej Radziwiłł for the fulfilment of the duties of President of the Company’s Management Board in 2012

„§1

Pursuant to Article 395 § 2(3) of the Code of Commercial Companies, the Annual General Meeting hereby awards Mr. Maciej Radziwiłł a vote of approval for the fulfilment of the duties of President of the Company’s Management Board in 2012. 

§2

The resolution becomes effective on the date of its adoption.” 

Resolution No. [*] 

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the award of a vote of approval to Mr. Roman Przybył for the fulfilment of the duties of Vice-President of the Company’s Management Board, acting President of the Company’s Management Board and President of the Company’s Management Board in 2012

„§1

Pursuant to Article 395 § 2(3) of the Code of Commercial Companies, the Annual General Meeting hereby awards Mr. Roman Przybył a vote of approval for the fulfilment of the duties of Vice-President of the Company’s Management Board, acting President of the Company’s Management Board and President of the Company’s Management Board in 2012.

§2

The resolution becomes effective on the date of its adoption.” 

Resolution No. [*]

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the award of a vote of approval to Mr. Rodrigo Pomar Lópezfor the fulfilment of the duties of Vice President of the Company’s Management Board in 2012 

„§1

Pursuant to Article 395 § 2(3) of the Code of Commercial Companies, the Annual General Meeting hereby awards Mr. Rodrigo Pomar López a vote of approval for the fulfilment of the duties of Vice President of the Company’s Management Board in 2012.

§2

The resolution becomes effective on the date of its adoption.”

Resolution No. [*]

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the award of a vote of approval to Mr. Tadeusz Kozaczyński for the fulfilment of the duties of Vice President of the Company’s Management Board in 2012

„§1

Pursuant to Article 395 § 2(3) of the Code of Commercial Companies, the Annual General Meeting hereby awards Mr. Tadeusz Kozaczyński a vote of approval for the fulfilment of the duties of Vice President of the Company’s Management Board in 2012.

§2

The resolution becomes effective on the date of its adoption.” 

Resolution No. [*]

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the award of a vote of approval to Mr. Dariusz Mańkowski for the fulfilment of the duties of Vice President of the Company’s Management Board in 2012

„§1

Pursuant to Article 395 § 2(3) of the Code of Commercial Companies, the Annual General Meeting hereby awards Mr. Dariusz Mańkowski a vote of approval for the fulfilment of the duties of Vice President of the Company’s Management Board in 2012.

§2

The resolution becomes effective on the date of its adoption.” 

Resolution No. [*]

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the award of a vote of approval to Mr. Tadeusz Bogdan for the fulfilment of the duties of Vice President of the Company’s Management Board in 2012 

„§1

Pursuant to Article 395 § 2(3) of the Code of Commercial Companies, the Annual General Meeting hereby awards Mr. Tadeusz Bogdan a vote of approval for the fulfilment of the duties of Vice President of the Company’s Management Board in 2012.

§2

The resolution becomes effective on the date of its adoption.” 

Resolution No. [*]

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the award of a vote of approval to Mr. Tadeusz Kałdonek for the fulfilment of the duties of Vice President of the Company’s Management Board in 2012 

„§1

Pursuant to Article 395 § 2(3) of the Code of Commercial Companies, the Annual General Meeting hereby awards Mr. Tadeusz Kałdonek a vote of approval for the fulfilment of the duties of Vice President of the Company’s Management Board in 2012.

§2

The resolution becomes effective on the date of its adoption.” 

Resolution No. [*]

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the award of a vote of approval to Mr. Nerijus Eidukevičiusfor the fulfilment of the duties of Vice President of the Company’s Management Board in 2012 

„§1

Pursuant to Article 395 § 2(3) of the Code of Commercial Companies, the Annual General Meeting hereby awards Mr. Nerijus Eidukevičius a vote of approval for the fulfilment of the duties of Vice President of the Company’s Management Board in 2012.

§2

The resolution becomes effective on the date of its adoption.” 

Resolution No. [*]

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the award of a vote of approval to Ms. Marita Szustak for the fulfilment of the duties of Vice President of the Company’s Management Board in 2012 

„§1

Pursuant to Article 395 § 2(3) of the Code of Commercial Companies, the Annual General Meeting hereby awards Ms. Marita Szustak a vote of approval for the fulfilment of the duties of Vice President of the Company’s Management Board in 2012.

§2

The resolution becomes effective on the date of its adoption.” 

Point 9. of the agenda:

Resolution No. [*] 

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the award of a vote of approval to Mr. Rodrigo Pomar Lópezfor the fulfilment of the duties of member of the Company’s Supervisory Board in 2012

„§1

Pursuant to Article 395 § 2(3) of the Code of Commercial Companies, the Annual General Meeting hereby awards Mr. Rodrigo Pomar López a vote of approval for the fulfilment of the duties of member of the Company’s Supervisory Board in 2012.

§2

The resolution becomes effective on the date of its adoption.” 

Resolution No. [*] 

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of  [*] 2013

on the award of a vote of approval to Mr. Julijus Stalmokasfor the fulfilment of the duties of the Vice – Chairman of the Company’s Supervisory Board and member of  the Company’s Supervisory Board in 2012

„§1

Pursuant to Article 395 § 2(3) of the Code of Commercial Companies, the Annual General Meeting hereby awards Mr. Julijus Stalmokasa vote of approval for the fulfilment of the duties of Vice – Chairman of the Company’s Supervisory Board and member of the Company’s Supervisory Board  in 2012.

§2

The resolution becomes effective on the date of its adoption.” 

Resolution No. [*] 

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the award of a vote of approval to Mr. Alvydas Banysfor the fulfilment of the duties of the Vice – Chairman of the Company’s Supervisory Board and member of the Company’s Supervisory Board in 2012

„§1

Pursuant to Article 395 § 2(3) of the Code of Commercial Companies, the Annual General Meeting hereby awards Mr. Alvydas Banysa vote of approval for the fulfilment of the duties of Vice – Chairman of the Company’s Supervisory Board and member of the Company’s Supervisory Board in 2012.

§2

The resolution becomes effective on the date of its adoption.” 

Resolution No. [*] 

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the award of a vote of approval to Mr. Wojciech Napiórkowski for the fulfilment of the duties of member of the Company’s Supervisory Board in 2012

„§1

Pursuant to Article 395 § 2(3) of the Code of Commercial Companies, the Annual General Meeting hereby awards Mr. Wojciech Napiórkowskia vote of approval for the fulfilment of the duties of member of the Company’s Supervisory Board in 2012.

§2

The resolution becomes effective on the date of its adoption.” 

Resolution No. [*] 

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of[*] 2013

on the award of a vote of approval to Mr. Paweł Ziółek for the fulfilment of the duties of member of the Company’s Supervisory Board in 2012

„§1

Pursuant to Article 395 § 2(3) of the Code of Commercial Companies, the Annual General Meeting hereby awards Mr. Paweł Ziółeka vote of approval for the fulfilment of the duties of member of the Company’s Supervisory Board in 2012.

§2

The resolution becomes effective on the date of its adoption.” 

Resolution No. [*] 

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the award of a vote of approval to Mr. Tomasz Szyszko for the fulfilment of the duties of member of the Company’s Supervisory Board in 2012

„§1

Pursuant to Article 395 § 2(3) of the Code of Commercial Companies, the Annual General Meeting hereby awards Mr. Tomasz Szyszkoa vote of approval for the fulfilment of the duties of member of the Company’s Supervisory Board in 2012.

§2

The resolution becomes effective on the date of its adoption.” 

Resolution No. [*] 

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the award of a vote of approval to Mr. Miquel Llevat Vallespinosafor the fulfilment of the duties of Vice – Chairman of the Company’s Supervisory Board and member of the Supervisory Board in 2012

„§1

Pursuant to Article 395 § 2(3) of the Code of Commercial Companies, the Annual General Meeting hereby awards Mr. Miquel Llevat Vallespinosaa vote of approval for the fulfilment of the duties of Vice – Chairman of the Company’s Supervisory Board and member of the Company’s Supervisory Board in 2012.

§2

The resolution becomes effective on the date of its adoption.” 

Resolution No. [*] 

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the award of a vote of approval to MrJorge Miarnau Montserratfor the fulfilment of the duties of Chairman of the Company’s Supervisory Board and member of the Company’s Supervisory Board in 2012

„§1

Pursuant to Article 395 § 2(3) of the Code of Commercial Companies, the Annual General Meeting hereby awards Mr. Jorge Miarnau Montserrat a vote of approval for the fulfilment of the duties of Chairman of the Company’s Supervisory Board and member of the Supervisory Board in 2012.

§2

The resolution becomes effective on the date of its adoption.” 

Resolution No. [*] 

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the award of a vote of approval to MrMaciej Radziwiłłfor the fulfilment of the duties of Chairman of the Company’s Supervisory Board and member of the Company’s Supervisory Board in 2012

„§1

Pursuant to Article 395 § 2(3) of the Code of Commercial Companies, the Annual General Meeting hereby awards Mr. Maciej Radziwiłł a vote of approval for the fulfilment of the duties of Chairman of the Company’s Supervisory Board and member of the Company’s Supervisory Board in 2012.

§2

The resolution becomes effective on the date of its adoption.” 

Resolution No. [*] 

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the award of a vote of approval to MrCarles Sumarroca Claverolfor the fulfilment of the duties of member of the Company’s Supervisory Board in 2012

„§1

Pursuant to Article 395 § 2(3) of the Code of Commercial Companies, the Annual General Meeting hereby awards Mr. Carles Sumarroca Claverola vote of approval for the fulfilment of the duties of member of the Company’s Supervisory Board in 2012.

§2

The resolution becomes effective on the date of its adoption.” 

Point 10. of the agenda:

Resolution No. [*] 

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013

on the appointment of member of the Company’s Supervisory Board

„§1

Pursuant to art. 385 § 1 of the Code of Commercial Companies and Article 13 sec. 3 of the Articles of Association of the Company, the Annual General Meeting hereby appoints Mr / Ms [__]  as a member of the Company’s Supervisory Board, for a new joint 3 years term of office.

§2

The resolution becomes effective on the date of its adoption.” 

Resolution No. [*] 

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of[*] 2013

on the appointment of member of the Company’s Supervisory Board

„§1

Pursuant to art. 385 § 1 of the Code of Commercial Companies and Article 13 sec. 3 of the Articles of Association of the Company, the Annual General Meeting hereby appoints Mr / Ms [__]  as a member of the Company’s Supervisory Board, for a new joint 3 years term of office.

§2

The resolution becomes effective on the date of its adoption.” 

Resolution No. [*] 

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of[*] 2013

on the appointment of member of the Company’s Supervisory Board

„§1

Pursuant to art. 385 § 1 of the Code of Commercial Companies and Article 13 sec. 3 of the Articles of Association of the Company, the Annual General Meeting hereby appoints Mr / Ms [__] as a member of the Company’s Supervisory Board, for a new joint 3 years term of office.

§2

The resolution becomes effective on the date of its adoption.” 

Point 11. of the agenda:

Resolution No. [*] 

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna

with its seat in Warsaw

of [*] 2013
on remuneration of the members of the Company’s Supervisory Board

„§1

1. Pursuant to Article 392 § 1 of the Commercial Companies Code, the Annual General Meeting hereby offers Members of the Company’s Supervisory Board a remuneration, i.e.:

Mr / Ms [_] PLN [_]gross per month,

Mr / Ms [_] PLN [_]gross per month,

Mr / Ms [_] PLN [_]gross per month,

Mr / Ms [_] PLN [_]gross per month.

2. The remuneration shall be payable in the full amount for each started month in office, beginning from 1 of July 2013. The remuneration for each month shall be paid in advance, until the 5th day of each month.

§2

The Resolution becomes effective on the day of its adoption.”

Point 12. of the agenda:

Resolution No. [*] 

of the Annual General Meeting 

of the Company named TRAKCJA Spółka Akcyjna with its registered office in Warsaw

of [*] 2013

on the amendment of the Articles of Association of the Company

Ҥ1

Annual General Meeting of the Company, acting pursuant to Article 430 § 1 of the Commercial Companies Code and pursuant to Article 11 section 10 of the Company’s Articles of Association, considering that the issue of ordinary bearer shares of series H related to conditional share capital increase has been completed (all of the issued convertible bonds were converted into shares of H series and the registry court registered the change of the amount of the Company’s share capital as regards all the issued shares of H series), hereby decides to amend the Company’s Articles of Association as follows:

1. Article 21 section 1 of the Company’s Articles of Association shall have the following wording:

“Share capital of the Company amounts to PLN 41,119,638.40 (say: forty one million one hundred nineteen thousand six hundred thirty eight zlotys and forty grosz) and is divided into:

a.             1,599,480 (say: one million five hundred ninety nine thousand four hundred eighty) ordinary bearer        shares of series A, with a                 nominal value of PLN 0.10 (say: ten hundredths) each;

b.            83,180,870 (say: eighty three million one    hundred eighty thousand eight hundred seventy) ordinary     bearer   shares of series C, with a nominal value of                 PLN 0.10 (say: ten hundredths) each;

c.             19,516,280 (say: nineteen million five hundred sixteen thousand two                 hundred eighty) ordinary bearer shares of series D, with a nominal value of PLN 0.10 ( say: ten hundredths) each;

d.            25,808,850 (say: twenty five million eight    hundred eight thousand eight hundred fifty) ordinary bearer shares of series E, with a nominal value of PLN 0.10 (say: ten hundredths) each;

e.            30,000,000 (say: thirty million) ordinary bearer shares of series F, with a nominal value of PLN    0.10(say: ten hundredths) each;

f.             72,000,000 (say: seventy two million) ordinary bearer shares of series G, with a nominal               value of                 PLN 0.10 (say: ten hundredths) each; and

g.             179,090,904 (say: one hundred seventy nine million ninety thousand nine hundred four)             ordinary                bearer   shares of series H, with a               nominal value of PLN 0.10 (say: ten hundredths) each.”

2) Article 21a of the Company’s Articles of Association shall be deleted.

§2

The amendments to the Company’s Articles of Association shall become effective on the date on which their registration with registry court completes.

§3

Annual General Meeting, acting pursuant to Article 430 § 5 of the Commercial Companies Code, hereby authorizes the Company’s Supervisory Board to edit the consolidated text of the amended Company’s Articles of Association.”

Legal basis:

§ 38 paragraph 1, point 3 of the Regulation of the Minister of Finance dated 19 February 2009 on the current and periodic disclosures to be made by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state.