Date: 2010-03-12 / Legal ground: Art. 56 sec.1 p. 2 Act on Public Offering – current and periodic information

Current report: 25/2010

Subject: Allocation of C serie shares
Date: 2010-03-12
Legal ground: Art. 56 sec.1 p. 2 Act on Public Offering – current and periodic information

Message:

The Board of CHEMOSERVIS-DWORY S.A. ("the Issuer", „the Company") according to § 33 of „Regulation of Ministry of Finance on current and periodic information Publisher by issuers of securities and on conditions of recognition of information required by law of a non-member country as equal” informs that allocation of the Issuer’s C serie shares to subscibers was made and issue of the Issuer’s 22.640.000 C serie shares ("C serie shares") with right for subscription, conducted as public offering on the basis of Resolution no. 5 of the Extraordinary General Meeting of Shareholders from September 24th, 2009 on issue of C serie shares with right for subscription for current shareholders, was completed.

Due to abovementioned the Issuer publishes following information:
1) Date of start of subscription due to execution of subscription right and additional subscription: February 8th, 2010;
- End date of subscription due to execution of subscription right and additional subscription: February 19th, 2010
2) Date of shares allocation: March 12th, 2010
3) Number of subscribed shares: 22.640.000 C serie shares.
4) Reduction level in particular tranches in case that if in Orly one tranche number of allocated shares was smaller than number of subscribed shares: reduction level in additional subscription ammounted to 96,52%.
5) Number of shares subscribed:
      a) as execution of subscription right: 21.943.143 C serie shares.
      b) in additional subscription: 20.041.721 C serie shares.
6) Number of shares allocated due to conducted subscription: 22.640.000 C serie shares.
7) Issue price for C serie shares: PLN 0,65.
8) Number of person that subscribed for shares and number of person who received shares due to allocation:
As execution of subscription right a total number of 1.781 subscriptions for C serie shares were made. Due to possibility of many subscriptions for each inwestor, the Issuer do not have information about the total number of investors who subscribed due to execution of subscription right.
In additional subscription a total number of 197 subscriptions for C serie shares were made. Due to possibility of many subscriptions for each inwestor, the Issuer do not have information about the total number of investors who subscribed in additional subscription.
9) Names (firms) of sub-issuers, who took over shares due to execution of agreements for sub-issue, including number of shares taken over and real price of single share
(issue or sale price after deduction of remuneration for taking over shares due to sub-issue agreement, bought by sub-issuer): sub-issuers did not take C serie shares.
10) Value of conducted subscription (product of number of subscribed shares and issue price for single share): PLN 14.716.000,00 (fourteen milion seven hundred and sixteen thousand).
11) Estimated cost of C serie issue were described in the prospectus’ part IV p. 8 "Cost of issue/offering " (page 153), and will ammount to about PLN 330 000,00 zÅ‚ (gross),
including:
     a) Preparation and conduction of offering: PLN 110 000,00,
     b) Preparation of Prospectus: PLN 100 000,00,
     c) Promotion of Offering: PLN 80 000,00,
     d) Other costs: PLN 40 000,00

As of March 12th, 2010 offering costs based on received and accepted invoices ammounted to PLN 80 529,00 (gross), including:
      a) Preparation and conduction of offering: PLN 0,00,
      b) Preparation of Prospectus: PLN 72 000,00,
      c) Promotion of Offering: PLN 5 850,00,
      d) Other costs: PLN 2 679,00

The Issuer will prepare and publish current report about final costs of C serie shares offering after it will receive and approve all invoices from entities involved in preparation and conduction of C serie shares issue.
Method of accounting in books and way of presentation in financial statement: According to art. 36 sec. 2b of Act on Accounting , accounting of estimated costs of C serie shares issue described in prospectus’ part IV p. 8 "Costs of Issue/Offering " (page 153)
in books will be conducted by deduction of surplus of issue value of issued shares over its nominal value. These costs will be visible in financial statement under position "Reserve Capital".
According to estimated costs described in the Issuer’s Prospectus,  the average cost of conduction of C serie Issue for one subscribed C serie shares was PLN 0,0146.
According to state of costs as of March 12th, 2010 the average cost of conduction of C serie shares issue for one subscribed C serie share was: PLN 0,0036.