Disposal of shares by the subsidiary company

Report nr 12

The Management Board of Stalexport Autostrady SA with seat in Katowice informs that 10.03.2008 received the information from Stalexport Autostrada Dolnoslaska S.A. (the subsidiary company of Stalexport Autostrady SA in 100%) that on 29.02.2008 Stalexport Autostrada Dolnoslaska S.A. with seat in Katowice signed with an Italian company Atlantia S.p.A. a selling contract of 140,000 shares at a nominal price (the shares constitute 70% of capital of the company) of the company Autostrada Mazowsze S.A. ( the entity set up for the needs of the limited tender announced by GDDKiA for constructing and operating A2 motorway Stryków-Konotopa).

The payment for the shares in the amount of PLN 3.5 m was deposited on the bank account of Stalexport Autostrada Dolnoslaska S.A. on 05.03.2008 and according to the provisions of the agreement of 29.02.2008, the ownership of shares was transferred on this date.

Atlantia SpA. Is the dominant entity fo the company Autostrade per l'Italia S.p.A., which is the owner of 56,24% shares of Stalexport Autostrady SA. Consortium comprising Atlantia SpA and Stalexport Autostrada Dolnoslaska SA was pre- qualified in 2007 to the participation in limited tender for constructing and operating A2 motorway Stryków-Konotopa. 31.03.2008 is the date of submitting firm bids.