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Initial public offering

Based on the Prospectus, there are 2,.916,000 shares of D series in offer(„Offered Shares”) excluding the rights issue of previous share-holders („Public Offering”). Based on the  Prospectus,  the Issuer will apply for listing of all the Offered Shares included in the Public Offering , the Subscription Rights derived therefrom as well as 62,500 shares of A series and 4,812,500 shares of B2 series at the Warsaw Srock Exchange.
Single face value per share is PLN 8,00. The Public Offering will only be carried out in Poland.

Based on the Prospectus, the Issuer will apply for listing the total of 7,791,000 shares, all at the face value of PLN 8 per share, in the official Stock Exchange quotations, including:

  • 62,500 ordinary bearer shares of A series,
  • 4,812,500 ordinary bearer shares of B2 series,
  • 2,916,000 ,

Based on the Prospect, there are 2,916,000 ordinary bearer shares of D series available in Public Offer.

The ordinary shares in Public Offer ing are sold in two tranches:

  • Individual Tranche, with 586,000 Offered Shares and
  • Institutional Tranches, with 2,330,000 Offered Shares.

Before subscription starts within the Institutional Tranche, the Offerer will conduct so called book-building – a process of creating the Book of Demand (“Book of Demand”) for the Offered Shares within this tranche.

Before commencing the Book of Demand creation process, the Issuer will publish the price range, the top value of which shall not go beyond the maximum of PLN 35. „The price range used in the Book of Demand creation process and subscription in the Institutional Tranche is from PLN 27 to 34.”

In the Book of Demand creation process for the Offered Shares, the Offerer will direct a proposal to take part in the Institutional Tranche to institutional investors. Those investors who wish to sign up for the Institutional tranche, but have not received any proposal in the Book of Demand creation process, should contact the Offerer throughout the creation process. The Offerer is not obliged to direct a proposal of participation in the Public Offering to all  investors who file such a request.

Based on the results of the Book of Demand creation process for the Offered Shares, the issue  price will be set and published („Issue Price”). The Issue Price will be published by the first day of the subscription for the Shares Offered in the Institutional tranche by supplying the information(pursuant to Article 54, Section 3 of the Act on Public Offering) to the Financial Supervision Authority as well as publishing it in the same manner as the Prospectus, but according to the procedure indicated in Article 56 section 1 of the Act on Public Offering. The Emission Price will be set and equal for both tranches.

The Book of Demand creation process will last from 15th November 2006 until 6p.m on 22nd November 2006. The subscription for the Individual tranche will take place from 15th November until 4 pm on 22nd November 2006. The subscription for the Institutional tranche will take place in the period from 23rd November 2006 until 24th November 2006. The Issuer plans to start listing of the Offered Shares at the Stock Exchange in December 2006 the latest.
Public Offer is scheduled for the following dates:

  • 15th November 2006 – starting the subscription for the Individual Tranche;
  • 15th November 2006 – starting the book-building process;
  • 4pm on 22nd November 2006– closing the subscription for the Individual Tranche;
  • 22nd November 2006 at 6pm– closing the book-building process;
  • 23rd November 2006 – starting the subscription for the Institutional Tranche;
  • 24th November 2006 – closing the subscription for the Institutional Tranche;
  • since 1 December 2006 – closing the public subscription and distribution of the Offered Shares.

The terms of Public Offering may be changed. New dates will be published no later than on the day of term expiration in the form of an appendix to the Prospectus, pursuant to the provisions of Article. 51 of the Act on Public Offering. Any changes in the terms of the Public Offer can be made only within the term of the Prospectus.

The information included in the Prospectus was updated on the day of its approval by the Financial Supervision Authority. The Prospectus was approved by the Financial Supervision Authority on 31st October 2006.

On 22.11.2006 the Management Board of Fota S.A. set the issue price for the shares of D series. The issue price was set at PLN 34 per share.

to resolution 477/2006 of the Management Board of the Warsaw Stock Exchange of 27th November 2006, the following will be admitted onto the stock exchange list on the primary market on 28th November 2006 : - 62,500 (sixty two thousand five hundred) ordinary bearer shares of A series at the face value of PLN 8 (eight) marked by the National Depository of Securities with PLFOTA000014  code – 4,812,500 (four million eight hundred and twelve thousand five hundred) ordinary bearer shares of B2 series at a face value of PLN 8 (eight) marked by the National Depository of Securities with PLFOTA000014 code – 2,916,000 (two million nine hundred and sixteen thousand) rights to ordinary bearer shares of D series at a face value of PLN 8 (eight) marked by the National Depository of Securities with PLFOTA0000122 code,

Pursuant to resolution no. 476/2006 of the Management Board of the Warsaw Stock Exchange of 27th November 2006 the following will be admitted onto the stock exchange list on the primary market in the regular procedure on 28th November 2006: 2,916,000 rights ordinary bearer shares of D series at a face value of PLN 8 (eight) marked by the National Depository of Securities with PLFOTA0000122 code.
Pursuant to resolution 77/2006 of the Management Board of the Warsaw Stock Exchange of 27th November 2006 first listing of the rights to shares of D series will take place at the stock exchange session on the 28th  November 2006. The rights to shares of D series of Fota S.A. will be listed in continuous trading under the abbreviated name "FOTA-PDA" and marked with “FOTA”.

The face value per share since 17 January 2008 has been PLN 2.

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