Izostal S.A. exceeds the threshold of 10% of equity by realization of orders and contracts with Arcelor Mittal Tubular Products Ostrava.

Date of issue: 2011-02-14

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

SUBJECT:
Izostal S.A. exceeds the threshold of 10% of equity by realization of orders and contracts with Arcelor Mittal Tubular Products Ostrava.

CONTENT OF THE REPORT:
The Management Board of Izostal S.A. ("Company”) informs that on 14.02.2011 they placed  and confirmed another purchase order for steel pipes with Arcelor Mittal Tubular Products Ostrava (AMTP Ostrava). Therefore, in the period from  05.01.2011 to 14.02.2011 the total net value of orders and contracts realized between  Izostal S.A. and AMTP Ostrava, amounted to around PLN 8,929,379.60, that is above 10% of Company equity as on 31.12.2009 (i.e. latest approved financial statement of the Company). Therefore, the total value of these contracts meets the criteria for being considered a significant contract.

In the above-mentioned period, the contract of the biggest  value was the order approved and accepted for realization on 20.01.2011 for the delivery of steel pipes DN300-DN800 of the net value of PLN 3,532,599.73. The order does not provide for any contractual damages. The order conditions do not differ from the conditions applied commonly for such contracts.

Specific legal basis: §5 clause 1 item 3 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 (Journal of Laws of 2009 No. 33, item 259 as amended).

SIGNATURES OF PERSONS REPRESENTING THE COMPANY:
Management Board Vice President, Commercial Director Jacek Podwiński 2011-02-14
Management Board Vice President, Financial Director Marek Mazurek 2011-02-14

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