10% threshold of Izostal S.A. equity exceeded due to the fulfillment of orders and contracts with Ferrum S.A.

Date of issue: 2011-01-28

Legal basis:  Art. 56 clause 1 item 2 of the public offering act - current and periodic information

SUBJECT:
10% threshold of Izostal S.A. equity exceeded due to the fulfillment of orders and contracts with Ferrum S.A.

CONTENT OF THE REPORT:
The Management Board of Izostal S.A. (hereinafter referred to as the "Company") informs that on 27.01.2011  it accepted another order from Ferrum S.A. ("Buyer") seated in Katowice. Thus in the period from 05.01.2011 to 27.01.2011 the total value of orders and contracts between Izostal S.A. and Ferrum S.A., was approx. PLN 7.277.300 net, and exceeds 10% of the Company's equity as on 31.12.2009 (i.e. based on the last approved financial statement of Izostal S.A.). Thus the total value of those contracts meets the criterion based on which they are classified as significant contracts.

In the period discussed, the order for the supply of steel pipes DN 500 coated on the outside, and painted inside, of the value of PLN 4.039.120 net, accepted on 27.01.2011, was the contract of the highest value. The order does not allow for contractual penalties. Conditions of the order are no different from commonly effective conditions for this type of contracts.

Specific legal basis: § 5 clause 1 item 3 of the Regulation of the Minister of Finance of February 19, 2009 on current and periodic information submitted by issuers of securities and conditions of recognizing information required by law of a non-EU state as equivalent (Journal of Laws no. 33 item 259 with further amendments

SIGNATURES OF PERSONS REPRESENTING THE COMPANY:
Management Board President, General Director, Władysław Mrzygłód  2011-01-28
Management Board Vice President, Commercial Director Jacek Podwiński 2011-01-28

INFORMATION ON THE ENTITY:
Full name of the issuer: IZOSTAL SPÓŁKA AKCYJNA
Abbreviated name of the issuer:  IZOSTAL S.A
Sector based on the classification of Warsaw Stock Exchange:  Other industry
Address: 47-120 Zawadzkie Polna 3
Telephone: (77) 405 65 00
Fax: (77) 405 65 01
e-mail:info@izostal.com.pl
www.izostal.com.pl
VAT No. [NIP]:756-00-10-641
Statistical No. [REGON]: 530884678