STALEXPORT TRANSROUTE Autostrada S.A. - increase in equity

The Management Board of STALEXPORT SA informs that on 20.12.2005 it was notified about the registering by the District Court in Katowice an increase in the equity of the company STALEXPORT TRANSROUTE Autostrada S.A., by the amount of 240,000 zloty, i.e. from 260,000 zloty to 500,000 zloty.

Stalexport S.A. subscribed the amount of 132,000 zloty ( 55 % of the amount of increase ), the remaining sum was subscribed by the other shareholder, the company Transroute International S.A. located in St-Quentin-en-Yvelines.
After the equity increase its structure has not changed.

As a result of the increase in equity of the a/m company Stalexport S.A. possesses 275 shares with nominal value of 1,000 zloty each share, what constitutes 55 % of the equity of the company STALEXPORT TRANSROUTE Autostrada S.A. and gives right to the same number of votes at GSM.

The structure of the equity STALEXPORT TRANSROUTE Autostrada S.A, after the increase, is as follows:

STALEXPORT SA 55 % - 275 shares, capital - 275,000 zloty
Transroute International S.A. 45 % - 225 shares, capital - 225,000 zloty

The amount of votes equals to the amount of shares possessed by both companies.