Positive opinion of the Supervisory Board of Izostal S.A. regarding the request of the Management Board with a proposal of non-payment of dividend for 2015.

Legal basis: Art. 56 Clause 1 Item 2 of the Offering Act - current and periodic information.
 
CONTENT OF THE REPORT:
The Management Board of Izostal S.A. (Company) informs that the Supervisory Board during its meeting on 17 March, 2016 adopted a resolution on approval of the request made by the Management Board to the General Meeting of Shareholders, regarding distribution of the net profit for the financial year 2015.

The Supervisory Board gave the General Meeting of Shareholders a positive opinion on the Management Board’s recommendation to allocatate the net profit in the amount of PLN 2,456 thousand for the Company’s supplementary capital and thereby non-paying dividends for 2015.

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 2016-03-17
Management Board Vice President, Michał Pietrek 2016-03-17
 
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: 47-113 Kolonowskie Opolska 29
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