RB nr 16/2008

Legal basis: § 29 subpar. 3 of the Rules of the Warsaw Stock Exchange

The Management Board of MCI Management S.A. informs that after conducting a consulting process by the statutory bodies of the Company on the position on the rules of corporate governance adopted by the Warsaw Stock Exchange included in the document “Code of Best Practice for WSE Listed Companies”, which constitutes the appendix to the Resolution no. 12/1170/2007 of the Exchange Supervisory Board from July 4, 2007 it hereby updates the statement made on behalf of the Company published in the Current Report no. 1/2008.

Appreciating the significance of the rules of corporate governance to assure transparency of the internal relations as well as the relations of the Company with its external environment and in particular with current and future shareholders of the Company acting on behalf of MCI Management S.A., The Management Board of the Company states that it adopts all rules of corporate governance to be applied as provided in the document „Code of Best Practice for WSE Listed Companies.”

However, taking into account the reasons that are beyond the control of the Company the Company makes a reservation to the adopted rules while implementing the solutions recommended to be applied in conducting information policy of the Company, included in the provisions of the rule assigned as no. 1 in part I of the document „Code of Best Practice for WSE Listed Companies” namely: „Recommendations for Best Practice for Listed Companies”, MCI Management S.A. shall not enable on-line broadcasts of General Meetings over the Internet, shall not record General Meetings, and shall not publish the recordings on the Company website.