Recommendation of the Management Board regarding the 2010 dividend

Current report 02/2011 dated 25.02.2011

Legal basis: Article 56 (1) (1) of the Offer Act — confidential information

The Management Board of ATM S.A. disclosed its dividend policy in the current report No. 25/2006 of June 8, 2006. Namely, it recommends annually that the General Assembly pay a dividend in an amount depending on prices of shares in the last month of the year upon applying EURIBOR plus 0.5%. Due to the financial crisis, the Management Board of the Company abandoned the recommendation that follows from the dividend policy on sharing profit for 2008 and 2009, and they informed about this in the current reports 10/2009 and 06/2010. Currently, the situation in financial markets is becoming stable, so the Management Board see no reason why the dividend policy on sharing profit for 2010 should not be reintroduced. Thus, they will recommend that the General Assembly pay a dividend to the amount of PLN 0.23 per share, which makes a total dividend amount of PLN 8,358,969.12. The recommended dividend amount was determined based on the average closing price of ATM shares in December 2010 (PLN 11.47) and the annual EURIBOR as at December 31, 2010 (1.507%).

The Management Board has also declared that in the event that the situation in financial markets deteriorates or in the case of difficulties in obtaining funding for investments, this decision may be changed and a recommendation might be issued to allocate the 2010 profit for the Company’s reserve capital.

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