Extraordinary General Meeting of Shareholders

On motion of the shareholder, i.e. the National Fund of Environmental Protection and Water Man-agement (Narodowy Fundusz Ochrony Środowiska i Gospodarki Wodnej), the Management Board of STALEXPORT SA acting on the basis of art. 400 § 1 and art. 402 of the Commercial companies code as well as on § 20 passage 5 of the Company`s Charter convenes Extraordinary General Meet-ing of Shareholders, which will take place on 24th May 2006 at 11:00 a.m. in the seat of the company in Katowice, 29, Mickiewicza Street.
Agenda:

1. Opening of the Shareholders General Meeting.
2. Election of the Chairman of the Shareholders General Meeting..
3. Determination of whether the General Meeting has been duly convened and has capacity to under-take resolutions.
4. Adopting of the resolution regarding an election of the Scrutinisers.
5. Approval of the agenda.
6. Adopting the resolution on changes in the Supervisory Board composition.
7. Adopting the resolution on competing for admission of the shares of F series and successive shares issues, issued within the framework of an increase in the equity of the Company within the target capital to the public trading on regulated market and their dematerialization, as well as authorizing the Management Board to conclude with National Depository for Securities (KDPW S.A.) an agreement on registration of the securities, mentioned in art. 5 of the Act dated 29th July 2005 on trading of financial instruments.
8. Closing of the debate.

The legal and organisational matters:

1. According to art. 406, § 3 of the Commercial companies code and art. 9 passage 3 of the Act on trading of financial instruments ( Journal of Law No 183 dated 23rd September 2005) ? the right to participate in the Extraordinary General Meeting belongs to the owners of shares who, in period from 10.05.2006 to 17.05.2006 including will submit in the seat of the Com-pany, the depositary certificates of shares property together with a statement that the certifi-cates 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 voting cards on the day of General Meeting ? outside the conference room from 10:00 a.m. The documents and information materials required by law, connected with the General Meeting 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 legal enti-ties 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.

The Management Board of
STALEXPORT SA