Current report 17/2012

Legal basis: Article 56 section 1 item 2 of the Act on public offering — current and periodic information

In connection with the pending process of dividing ATM into two listed companies: ATM S.A. and ATM Systemy Informatyczne S.A. and in reference to interim report No 13/2012, the Issuer publishes hereby “The report on valuation of shares of ATM S.A. and ATM Systemy Informatyczne S.A. after the planned division of ATM S.A.” prepared by the Consulting and Market Analyses Department of the Brokerage House of Bank Ochrony Środowiska S.A.

At the same time, the Management Board of the Issuer calls the investors’ attention to the difficulty encountered in the process of valuation of ATM S.A. (the telecommunications part) using the comparative valuation method involving the comparison of ATM S.A. with companies listed on the Warsaw Stock Exchange (Table 2 in the attached report) since no entities with a business profile similar to that of ATM S.A. after the division i.e. a company providing services of data centres, including data transmission over broadband networks, could be found among the companies listed on the Warsaw Stock Exchange.

Nevertheless, the Management Board of the Issuer recognizes the report as thorough and reliable within the methodology adopted by an independent entity.

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