Amendment of the Management Board resolution
Current report 19/2007 dated 16.03.2007
The Management Board of ATM S.A. inform to have adopted today a resolution amending the wording of Resolution no. 2 by the Management Board of the Company dated February 16, 2007, published in the current report no. 11/2007. The amended resolution reads as follows:
Resolution by the Management Board of ATM S.A.
dated March 16, 2007
concerning an amendment to Resolution no. 2
by the Management Board of ATM. S.A. dated February 16, 2007
1. The Management Board of ATM S.A. resolve to amend Resolution no. 2 by the Management Board of ATM S.A. dated February 16, 2007 concerning the company initial capital increase by wording clause 3 of that Resolution as follows:
„3. The subscription right of the H series shares is vested in shareholders holding the Company shares on April 30, 2007 (Subscription Right Date)”.
2. The Resolution comes into effect as of the date of adoption.
The Management Board’s commentary to the Resolution adopted:
The Company’s Management Board wish to inform that the change of the Subscription Right Date was necessary as the administrative proceedings with respect to the motion of ATM S.A. concerning the prospectus documentation approval are still pending. Therefore, the previously set date cannot be kept.
The process of the prospectus documentation approval by the Polish Financial Supervision Authority (PFSA) is at the stage of reconciling the parties’ positions. The Company and its advisors shall make every effort to have the issuing prospectus of the H series share issue approved as soon as possible, and consequently, to enable starting further stages of the issue without unnecessary delay.
The detailed issue time schedule with an indication of deadlines of the individual actions taken as part of it is mainly conditional upon the date of the issuing prospectus approval by the Polish Financial Supervision Authority. In view of the above, the Subscription Right Date given in this report may also be accelerated or delayed. Any information on the change shall be announced publicly in due course. Also, the Management Board inform that they intend to begin the public offering of the H series shares as early as possible.
Roman Szwed — President of the Management Board,
Tadeusz Czichon — Vice-President of the Management Board