Subsidiary taken over by Stalexport SA

The Management Board of Stalexport S.A. informs that on 7.03.2005 the Company received a decision of the District Court in Katowice Economic Department of the National Judicial Register dated 01.03.2005, in which the Court decided to enter in the National Judicial Register the merger of the companies: Stalexport S.A.( as the acquiring company) with the company Stalexport -Centrostal Warszawa S.A..(as the transferring company).

The merger of the a/m companies was carried out on the basis of art. 492 par. 1 point 1 of the Commercial Companies Code, i.e. "...by transferring all the assets of the transferring company (Stalexport-Centrostal Warszawa S.A.) to the acquiring company (Stalexport S.A.) in exchange for shares, granted by the acquiring company to the shareholders in the transferring company (merger by taking over)"
STALEXPORT S.A. (the acquiring company ) specialises in trade (imports, exports, domestic sales) of the steel products, non-ferrous products as well as semi-finished products and raw materials, also steel components. STALEXPORT S.A. possesses its own distribution network covering the whole country, which comprises 10 warehouses and the distribution companies, STALEXPORT S.A subsidiaries. The Company, despite its commercial activity, also offers its customers a range of services including prefabricating and production of elements for concrete reinforcement as well as for cutting and trimming. It belongs to the group of two biggest distribution companies in the country.
STALEXPORT S.A. has also been developing the motorway activity. It possesses 100% shares in the company Stalexport Autostrada Małopolska S.A. (SAM), which has the concession for operating A4 motorway, section Katowice-Kraków. While Stalexport Autostrada Śląska S.A. in which STALEXPORT S.A. possesses 37,5% shares, has been holding, parallel with the other bidder, the negotiations with GDDKiA for adapting, operating and toll collecting on the section of A4 motorway between Wrocław and Katowice.

Stalexport Centrostal Warszawa S.A. (the transferring company) is a subsidary of Stalexport S.A. which possesses 88,7% of its shares. The Company is the leader in steel trade on the market of middle-east Poland and the biggest supplier of steel and complete reinforcement for building industry in Warsaw region, and there the level of building and assembling production is the highest in Poland. The Company possesses big storage base in Warsaw ? Służewiec and branch offices in Częstochowa, Białystok and Sępólno Krajeńskie. In Warsaw branch office the Company has the works prefabricating reinforcement , with production capacity up to 4 thousand tonnes per month. The Company supplies the steel products, including prefabricated ones, among others for the biggest infrastructure undertakings.