Motion of the Management Board of Izostal S.A. with a proposal on the payment of dividend for 2011.

Date  of issue: 2012-03-28
 
Legal basis:  Art. 56 Clause 1 Item 2 of the Offering Act – current and periodic information.

SUBJECT:
Motion of the Management Board of Izostal S.A. with a proposal on the payment of dividend for 2011.

CONTENT OF THE REPORT:
On 28.03.2012 the Management Board of Izostal S.A. (Company) adopted a resolution on submitting a motion to the Annual General Meeting
with a proposal on the appropriation of net profit generated in 2011, including a proposal to pay a dividend to Company shareholders. The Management Board of Izostal S.A. suggests that the amount of PLN 5,566,480.00 be appropriated as a dividend to Company shareholders, that is PLN 0.17 per share. It is proposed that a dividend be paid for all the shares issued by the company in the number of 32,744,000 shares. The Management Board of Izostal S.A. suggests to the Annual General Meeting that the date of the dividend right fall on August 10, 2012 and the date of the dividend payment fall on September 3, 2012.

Specific legal basis: §38 clause 1 item 11 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 No. 33, item 259, as amended).

SIGNATURES OF PERSONS REPRESENTING THE COMPANY:
Management Board President, Marek Mazurek 2012-03-28
Management Board Vice President - Jacek Podwiński 2012-03-28

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