debut at the Warsaw Stock Exchange, public issue: 340.000 series H ordinary bearer shares

Shares issued by Kompap have been listed on the Warsaw Stock Exchange since 19.11.1996. The public issue of 340.000 series H ordinary bearer shares with a nominal value of PLN 1.20 and issue price of PLN 25 each was held based on the GSM resolution of 26.07.1996 and the prospectus approved by the Securities and Exchange Commission on 07.04.1996. The issue ended with a reduction of made subscriptions at 42.85% in the Large Investors Tranche and 87.89% in the Small Investors Tranche. As a result, the Company’s share capital was increased by PLN 408.000 (i.e. up to PLN 1.968 M). The total number of shares upon the issue increased to 1.640.000. By the Ruling of 9.09.1996 (XXI Ns Rej. H 1742/96), the District Court in Łódź, 21st Commercial Registration Department registered the above amendment of the Company Articles of Association in terms of this Company’s share capital increase.

public issue with pre-emptive rights of 2.340.248 series J ordinary bearer shares

The public offering with pre-emptive rights of 2.340.248 series J ordinary bearer shares with a nominal value of PLN 1.20 each and issue price of PLN 6 per share was made on the basis of the GSM resolution of 24.08.2007, as amended by the EGSM resolution of 22.10.2007 and the prospectus approved by the Polish Financial Supervision Authority on 21.03.2008 with subsequent annexes (Annex 1 approved by the Polish Financial Supervision Authority on 11.04.2008, Annex 2 - on 3.04.2008, Annex 3 – on 14.04.2008). The acceptance of primary and additional share subscriptions with pre-emptive rights was held on 14 – 25.04.2008, while subscriptions for series J shares unsubscribed within the pre-emptive rights period and additional subscriptions - on 5-7.05.2008.