Recommendation by the Management Board of the Company concerning the dividend level

Current report 02/2007 dated 04.01.2007

With reference to the current report no. 25/2006 dated June 8, 2006, the Management Board of ATM S.A. inform that according to the dividend policy set forth in the aforesaid report, the Management Report will recommend that the Ordinary General Meeting of Shareholders pay the dividend for 2006 at PLN 7.60 per share. The dividend amount results from the arithmetic mean of the ATM S.A. share quotes at close of sessions in December 2006 (PLN 167.82) and the rate for EURIBOR 12M deposits at the end of 2006 (4.0280).


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