Preliminary statement after the Extraordinary General Meeting of Shareholders

The Management Board of STALEXPORT SA informs that the Extraordinary
General Meeting of Shareholders of STALEXPORT SA was held on 15th January 2004 at the seat of the Company.
The shareholders who were present at the Meeting represented 51,02% of the share capital of the Company, ie. 54,977,789 votes/shares.
The shareholders, who registered more than 5% of the share in capital are:

• National Environment Protection and Water Conservation Fund 16.72% 18 022 835
• Bank BPH PBK SA 9.12% 9 823 635
• Powszechna Kasa Oszczędności BP S.A. 7.10% 7 654 779
• Bank Zachodni WBK S.A. 6.40% 6 900 325
• OTHER SHAREHOLDERS 60.66% 65 360 449

On the strength of the decision of the Extraordinary General Meeting of Shareholders item 5 in regard to passing the resolution on the number of members of the Supervisory Board was deleted.
The Extraordinary General Meeting of Shareholders accepted the resignation of the four Members of the Supervisory Board, ie.:

• Mr. Józef Okolski
• Mr. M. Lindsay Forbes
• Mr. Antoni Magdoń
• Mr. Stanisław Bębenek

According to item 6 of the agenda, the Extraordinary General Meeting of Shareholders changed the composition of the Supervisory Board. The following persons were elected to the Supervisory Board with 98% present votes at the Extraordinary General Meeting of Shareholders:

• Mr. Stanisław Berkiet
• Mr. Robert Bender
• Ms.Krystyna Strzelecka
• Mr. Zbigniew Szałajda

The Extraordinary General Meeting of Shareholders adopted the changes to the Company?s Statutes.
The contents of the Resolutions passed by the General Meeting and the data of the newly appointed Members of the Supervisory Board will be announced in the statutory period.