Shares issue - series F

Referring to report no 41 dated 08.06.2004 and the report no 48 dated 30.09.2005 which concern the resolutions of the Management Board and the Supervisory Board in regard to the Company`s equity increase (issue of shares of F series) within the target capital, the Management Board of Stalexport S.A. informs that on 23.12.2005 the Supervisory Board of the company Stalexport S.A. passed the resolution on extending till 30th June 2006, the binding force of the consent of the Supervisory Board in regard to the issue price ( 2 zloty) and authorization for the Management Board to deprive the existing shareholders of the right to acquire shares of F series.