Selection of authorized body for auditing financial statements

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 on March 29, 2018 the Supervisory Board of the Company, in line with § 12 section 2 letter g) of the Company Articles of Association, having learned of the recommendation of Audit Committee, passed a resolution on the selection of audit company ReVision Rzeszów-Józef Król Spółka z ograniczoną odpowiedzialnością with main registered office in Rzeszów at Bp. J. Pelczar 6C/8 Str. (registered in the schedule of audit companies managed by the National Council of Expert Auditors under no. 3510) for:
•    auditing annual separate and consolidated financial statements of the Company for years 2018-2020,
•    reviewing half-yearly separate and consolidated financial statements of the Company for years 2018-2020.

The contract with the selected entity will be concluded for the period of providing the above mentioned services.
The Company also informs that it has not used the services of the above entity in the past.
The selection of entity authorized to audit financial statements was carried out in accordance with applicable regulations and professional standards, particularly in accordance with the May 11, 2017 Act on Expert Auditors, Audit Companies and Public Supervision (Journal of Laws of June 6, 2017, item 1089), and in accordance with the Company's internal regulations concerning the policy and procedure of selection of audit companies.

Specific legal basis: § 5 clause 1 item 19 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 2018-03-29
Management Board Vice President, Michał Pietrek 2018-03-29
 
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