According to the Resolution No. 17 of the General Shareholders’ Meeting of ZBM “ZREMB-CHOJNICE” S.A. (JSC) as of June 25, 2008 the shares of the Company were split in a ratio of 1:100, i.e. a reduction in the nominal value of shares from PLN 10 to cents 10 was performed, while the number of shares, without changing the amount of the share capital of the Company, was increased.

On August 22, 2008 the District Court Gdańsk – North in Gdańsk, VIII Commercial Division of the National Court Register has issued a resolution based on which the split of shares of the Company in a ratio of 1:100 was registered.

The share capital is PLN 3.150.000 and it is divided into 31.500.000 ordinary bearer shares with a nominal value of 10 cents each.

The Management Board of the National Depository for Securities with the Resolution No. 563/2008 as of October 3, 2008. decided to determine on the October 15, 2008. as a day to split 315,000 shares with a value of PLN 10 each into 31,500,000 shares with a value of PLN 0.10 each.

At the same time, it stated that on October 15, 2008 the 31.500.000 shares of ZBM “ZREMB-CHOJNICE” S.A. (JSC) with a nominal value of PLN 0.10 each are marked with the code PLZBMZC00019.