Current report no: 52/2010
Date: 29.11.2010

Expanded agenda for the Extraordinary General Meeting of Shareholders of Energomontaż-Południe S.A. convened for 20 December 2010 and a draft resolution on authorising the Management Board of the Company to acquire own shares of the Company for the purpose of their cancellation under the procedure of Article 362 par. 1 pt. 8 of the Commercial Companies Code

In supplement to current reports No. 48/2010 and 49/2010 of 19 November 2010, the Management Board of Energomontaż-Południe S.A. (the Company) announces that, on 25-26 November 2010, a Shareholder representing at least one twentieth of the share capital of the Company made a request for an additional item to be placed on the agenda for the Extraordinary General Meeting of Shareholders convened for 20 December 2010, on authorising the Management Board of the Company to acquire own shares of the Company under the procedure of Article 362 par. 1 pt. 8 of the Commercial Companies Code for the purpose of cancellation, and on amendments to the composition of the Supervisory Board of the Company. The Shareholder provided a draft of a relevant resolution on authorising the Management Board of the Company to acquire own shares of the Company under the procedure of Article 362 par. 1 pt. 8 of the Commercial Companies Code for the purpose of cancellation. In addition, the Issuer announces that, as a result of an obvious editorial error, the agenda for the Extraordinary General Meeting of Shareholders did not include an item on the adoption of a resolution on authorising the Supervisory Board to determine the consolidated text of the Statute of the Company. However, a draft resolution on authorising the Supervisory Board to determine the consolidated text of the Statute of the Company (Resolution No. 5) was included in the announcement on convening the Extraordinary General Meeting of Shareholders for 20 December 2010, which allows it to be acknowledged that the agenda for the Extraordinary General Meeting of Shareholders of Energomontaż-Południe S.A. will include the aforementioned resolution.

In accordance with the requests submitted and the necessity of correcting the agenda because of the obvious editorial error, the Management Board of Energomontaż-Południe S.A. announces that the agenda for the Extraordinary General Meeting of Shareholders will be expanded in accordance with the requests submitted to include an item on"Adoption of a resolution on authorising the Management Board of the Company to acquire own shares of the Company for the purpose of their cancellation under the procedure of Article 362 par. 1 pt. 8 of the Commercial Companies Code", and an item on "Adoption of a resolution on amendments to the composition of the Supervisory Board of the Company", and presents below the updated agenda for the Extraordinary General Meeting of Shareholders of the Company convened for 20 December 2010:

8. Adoption of a resolution on authorising the Management Board of the Company to acquire own shares of the Company for the purpose of cancelling them under the procedure of Article 362 par. 1 pt. 8 of the Commercial Companies Code.
9. Adoption of a resolution on amendments to the composition of the Supervisory Board of the Company.
10. Other matters.
11. Closing of the Meeting.

The Management Board of the Company also attaches hereto the draft resolution and justification submitted by the Shareholder on authorising the Management Board of the Company to acquire own shares of the Company under the procedure of Article 362 par. 1 pt. 8 of the Commercial Companies Code for the purpose of cancellation, together with a justification for expanding the agenda to include an item on "Adoption of a resolution on amendments to the composition of the Supervisory Board of the Company".

Legal basis: Article 38 par. 1.4 of the Regulation of the Minister of Finance on current and periodic information published by issuers of securities and the conditions for finding information required by the provisions of law of a country that is not a Member State to be equivalent, dated 19 February 2009 (Journal of Laws No. 33 item 259 as amended).

Andrzej Hołda - President of the Management Board
Alina Sowa - Vice-President of the Management Board

Legal grounds: Article 56 par. 1 pt. 2 of the Act on Public Offerings – current and periodic information

Attachments:

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