Appointment of the Management Board President

Date of issue: 2011-02-28

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

SUBJECT:
Appointment of the Management Board President

CONTENT OF THE REPORT:
The Management Board of Izostal S.A. (Company) informs that the Company's Supervisory Board at the meeting held on February 28, 2011, by virtue of resolution no. 23/VII/2011, appointed Mr. Marek Mazurek the Management Board President, effective on February 28, 2011.

Mr. Marek Mazurek has higher education and graduated from the Department of Industry at the University of Economics in Katowice (major: Economics and organization of production). Furthermore, Mr. Marek Mazurek completed a course for candidates for chief accountants organized by the Association of Accountants in Poland.
Professional career:
- 1989 – 2005 Lentex S.A. seated in Lubliniec,  financial assistant, manager of the finance department and a director of the floor covering plant,
- 1994 – 2003, corporation Texlen Sp. z o.o. seated in Lubliniec, Management Board President, Management Board Vice President and again Management Board President.
- since 2005 in Izostal S.A. as the Financial Director (2005-2007), and Vice President, Financial Director (2007-2011).

Mr. Marek Mazurek does not conduct competitive activity against Izostal S.A.,  nor does he participate in competitive companies as a partner in civil law partnerships, or as a member of a body in a capital company, nor in any other legal entity as a member of its body, nor does not appear in the Register of Insolvent Debtors kept based on the act on the National Court Register.

By virtue of the above-mentioned resolution the Company's Supervisory Board also resolved that pursuant to §7 item 1 of the Company's Articles, the Management Board of Izostal S.A.  is composed of two persons since February 28, 2011.
   
Specific legal basis: §5 clause 1 item 22 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).

SIGNATURES OF PERSONS REPRESENTING THE COMPANY:
Management Board President, General Director Marek Mazurek 2011-02-28
Management Board Vice President, Commercial Director Jacek Podwiński 2011-02-28

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