Cancellation of the Annual General Meeting ‘Energopol – Południe’ SA summoned to be held on June 6, 2011

Today the Management Board of the Company, after receiving permission of the shareholder of the Company requesting to put specific issues on the agenda of the Annual General Meeting, which was disclosed in the Current Report No. 20/2011 as of 16 May 2011, the appeal of the Annual General Meeting to be held on June 6, 2011 and the convening of the Annual General Meeting to another date, with the agenda including the above-mentioned requests submitted by an authorized shareholder, dismissed the Annual General Meeting ‘Energopol-Południe’ SA to be held on June 6, 2011.

The reason for cancelling the Annual General Meeting of the Company, to be held on June 6, 2011, is the receipt of a request from a shareholder of the Company (ALTUS TFI) for the immediate convening of the general meetings (Ordinary General Meeting) and to place certain matters on the agenda of the general meeting. As a result, the Management Board considered that the holding of two general meeting in a short period of time is not appropriate, in particular the costs associated with it, and therefore Management Board decided to cancel of the Annual General Meeting of 6 June 2011, and to convene an Annual General Meeting to another date with the agenda covering all the requests submitted by eligible shareholders.