Subscription of shares of Centrozap

The Management Board of STALEXPORT S.A. informs that on 9.10.2006 received:

1. The decision of the District Court in Katowice X-Economic Department dated 30.06.2006 on acceptance of the arrangement with the creditors of the company CENTROZAP S.A. in Katowice.
2. A parcel of shares of CENTROZAP SA issued for 90,431,165 bearer shares of C series , with total nominal value of 9,043,116.50 zloty. Nominal value of 1 share amounts to 0.10 zloty.

The a/m shares constitute 8.34% in stock capital of CENTROZAP S.A. and were subscibed by STALEXPORT S.A. within the agreement with creditors of CENTROZAP S.A., accepted by Court?s decision dated 30.06.2006.

The shares were subscribed at price of 0.15 zloty per one share and were covered by arrangement liabilities.