Current report 38/2007

The ATM S.A. Management Board hereby announces that today, having obtained consent from the Supervisory Board, it adopted a resolution setting the issue price of the H-series shares at PLN 130 per share. The H-series shares are offered in public offering to the existing Company shareholders with a subscription right, in compliance with the prospectus approved on June 29, 2007, by the Polish Financial Supervision Authority.

The following is the wording of the Management Board’s resolution adopted today:

Resolution
of the ATM S.A. Management Board,
dated July 10, 2007,
on setting the issue price of the H-series shares

1. Pursuant to Section 5 subs. 1 of the Resolution of the ATM S.A. Management Board, dated April 20, 2007, on increasing the company share capital and revoking the previous Resolutions of the Management Board on increasing the company share capital and changing the date of subscription rights to the newly issued shares: the ATM S.A. Management Board, having obtained consent from the Supervisory Board, expressed in its Resolution dated July 10, 2007, hereby sets the issue price of the H-series bearer shares, offered in public offering to the existing Company shareholders with a subscription right, at PLN 130 (in words: one hundred thirty zlotys) per share.

2. This Resolution comes into effect as of the date of its adoption.

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