Adoption by the Supervisory Board of the consolidated text of the Company Articles

Date of issue: 2011-02-17

Legal basis: Art. 56 clause 1 item 2 of the Offering Act - current and periodic information

SUBJECT:

Adoption by the Supervisory Board of the consolidated text of the Company Articles
 
CONTENT OF THE REPORT:
The Management Board of Izostal S.A. ("Company”) informs that the Supervisory Board of the Company having its session on February 16, 2011 adopted the consolidated text of the Articles enclosed with this current report.
The consolidated text of the Articles includes the amendment to §3 made on the basis of the resolution no. 2/2010  of the Extraordinary General Meeting of September 2, 2010 and the statement of the Company Management Board made in the form of a notarized deed on December 30, 2010 on additional definition of the Company share capital.
Content §3 of the Company Articles before the amendment:
"1. Company share capital is PLN 41,488,000.00 (say: forty-one million four hundred eighty-eight thousand) and is divided in 20,744,000 (say: twenty million seven hundred and forty-four thousand) ordinary bearer shares, of the face value of PLN 2 (two) each, including:
a)    50,000 (fifty thousand) A series shares,
b)    1,150,000 (one million one hundred and fifty thousand) B series shares,
c)    150,000 (one hundred and fifty thousand) C series shares,
d)    225,000 (two hundred and twenty-five thousand) D series shares,
e)    1,025,000 (one million twenty-five thousand) E series shares,
f)    1,950,000 (one million nine hundred and fifty thousand F series shares,
g)    3,412,500 (three million four hundred and twelve thousand five hundred) G series shares,
h)    3,281,500 (three million two hundred and eighty-one thousand five hundred) H series shares,
i)    3,500,000 (three million five hundred thousand) I series shares,
j)    6,000,000 (six million) J series shares.”

Amended content of  §3 of the Company Articles
"1. Company share capital is PLN 65,488,000.00 (say: sixty-five million four hundred eighty-eight thousand) and is divided in 32,744,000 (say: thirty-two million seven hundred and forty-four thousand) ordinary bearer shares, of the face value of PLN 2 (two) each, including:
a)    50,000 (fifty thousand) A series shares,
b)    1,150,000 (one million one hundred and fifty thousand) B series shares,
c)    150,000 (one hundred and fifty thousand) C series shares,
d)    225,000 (two hundred and twenty-five thousand) D series shares,
e)    1,025,000 (one million twenty-five thousand) E series shares,
f)    1,950,000 (one million nine hundred and fifty thousand F series shares,
g)    3,412,500 (three million four hundred and twelve thousand five hundred) G series shares,
h)    3,281,500 (three million two hundred and eighty-one thousand five hundred) H series shares,
i)    3,500,000 (three million five hundred thousand) I series shares,
j)    6,000,000 (six million) J series shares,
k) 12,000,000 (twelve million) K series shares."
Enclosure: consolidated text of the Articles of Izostal S.A.

Specific legal basis: §38 cl. 1 item 2 letter b) of the Ordinance of the Minister of Finance of February 19, 2009 on current and periodic information disclosed by the issuers of commercial papers and the conditions for recognizing as equivalent the information required by the laws of a non-member state.

SIGNATURES OF PERSONS REPRESENTING THE COMPANY:
Management Board President, General Director, Władysław Mrzygłód  2011-02-17
Management Board Vice President, Financial Director Marek Mazurek 2011-02-17

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