New shareholder - notification

The Management Board of the Company informs that on 4.10.2006 STALEXPORT S.A. received from the representative of the company Julius Baer Investment Management LLC (the Company) a notification of purchasing of shares resulting in the crossing of the threshold of 5 % at the GSM of Stalexport S .A. by the clients ? represented by the above mentioned Company, with seat in new York, at 330 Madison Avenue, NY 10017, USA

In result of an open market transaction on 29.09.2006, the clients of "the Company" hold in aggregate 7,925,631 shares/votes at the GSM, what constitutes 5,02% of the total number of shares/votes at the GSM.
Before this transaction the clients of "the Company" held in aggregate 7,600,631 shares/votes, what constituted 4,82 % of the total number of shares/votes at the GSM.