Company book value

Current report 24/2004 dated 29.09.2004

As per Art. 81 of the Public Securities Trading Law, the Management Board of ATM S.A. inform that the book value of the Company ATM S.A., taking into account the registration of capital increase as a result of the E and F series share issues, based on the last published quarterly report, amounts to PLN 50,128,102.91 (fifty million one hundred twenty-eight thousand one hundred two zlotys ninety-one).


Roman Szwed — President of the Management Board,
Tadeusz Czichon — Vice-President of the Management Board