EGSM of STALEXPORT SA on 14th July 2004 r.

On the 7th June 2004 the Management Board of Stalexport S.A. obtained the consent of the Supervisory Board to exclude the right to acquire the shares of new issue, by the existing shareholders. It also passed the resolution in regard to increase the equity, within the target capital, by issuing 20 - 40 m shares of ?F? series with an exclusion of the right to acquires shares by the existing shareholders.
The Management Board of Stalexport S.A. convenes the Extraordinary General Shareholders Meeting, the agenda of which envisages passing by the Extraordinary General Shareholders Meeting the resolution in regard to give to the Management Board the consent to conclude an agreement on ?an investment sub-issue?.
The Management Board intends to offer the shares of ?F? series to the investors within the public subscription, which would be covered by ?the investment sub-issue?.
The Management Board acting on the basis of art. 402 of the Commercial companies code as well as on § 20 passage 3 of the Company?s Charter convenes Extraordinary General Meeting of Shareholders, which will take place on 14th July 2004 at 11:00 a.m. in the seat of the company in Katowice, 29 Mickiewicza Street.
Agenda:

1. Opening of the General Meeting of Shareholders.
2. Election of Chairman of the Shareholders General Meeting.
3. Determination of whether the General Meeting has been duly convened and has the capacity to undertake resolutions.
4. Adoption of the resolution regarding an election of the Scrutinisers.
5. Approval of the Agenda.
6. Passing the resolution in regard to give consent to conclude an Investment Underwriting Agreement.
7. Closing of the debate.

Organisational and legal aspects:

1. According to the art. 406 § 3 of the Commercial companies code and art. 11 passage 1 of the Act of 21.08.1997 Law regarding the public trading of the securities (Dz.U. no 118 of 1997, item 754, with later amendments ) ? the right to participate in the General Meeting belongs to the shares owners, who in period of time from 30.06.2004 to 02.07.2004 as well as from 05.07.2004 to 07.07.2004 including, between 9:00 and 15:00 ? place in the seat of the Company, depositary certificate of the shares property - with a statement that the certificates will not be given up before the ending of the General Meeting. The persons entitled to participate in the Extraordinary General Meeting of Shareholders will be able to register and get the voting cards on the day of the General Meeting - outside the conference room from 10:00 a.m. The documents and information materials connected with the General Meeting required by law will be available in the seat of STALEXPORT SA in time required by law.
2. The shareholders can participate in the General Meeting as well as vote personally or by the representatives acting on the basis of the written proxy. The representatives of the public bodies are obliged to show actual précis of the register showing the persons entitled to represent that entities. The person not mentioned in the précis should present a proxy in writing.