The Company has conducted one Public Offer of shares based on Emission Prospect approved by Commission for Financial Supervision on 24 November, 2006.

In total there were 2.500.000 series D shares offered within the Public Offer, with the emission price of 21 PLN in two tranches.

Public offer of shares has been conducted pursuant to the resolution no 3/2006 of Ordinary General Meeting dated 24 August, 2006.

Subscription of series D shares commenced on 7 December 2006 and closed on 11 December 2006. There were 1 900 000 shares in Institutional Investors Tranche and 600 000 shares in Open Tranche. Shares were divided as follows:

• 629.300 shares in Open Tranche
• 1.870.700 shares in Institutional Investors Tranche.

Allotment of 2 500 000 shares D series was on 15 December, 2006.

Allocation rate:

• in Open Tranche for persons who had not participated in book-building – 1,09% (i.e. a reduction rate 98,91%)
• in Open Tranche for persons who had participated in book-building – 2,17% (i.e. a reduction rate 97,83%)
• in Institutional Investors Tranche – no reduction – subscriptions were placed on the number of shares that was indicated in invitations.

The Company did not use subissuers’ services.

Pursuant to above mentioned Emission Prospect introduced also to quotation following ordinary bearer shares:

• 2.000.000 shares A series- I emission,
• 727.273 shares B series,
• 120.000 shares C series, of the nominal value of PLN 0,10 each.