No. 46/2005  | 12-07-2005

List of shareholders with at least 5% of total votes at GM held on 29th June 2005

   No                   Shareholder                     Number of shares owned                         Type of shares                       Number of votes                     Votes (%)            
1

COMMERCIAL UNION OFE BPH CU WBK

ul. Prosta 70

00-854 Warszawa

20,000,000 bearer 20,000,000 8.30%
2

ING NATIONALE-NEDERLANDEN POLSKA OFE

ul. Ludna 2

00-406 Warszawa

15,500,000 bearer 15,500,000 6.43%
3

NAFTA POLSKA Spolka Akcyjna

ul. Jasna 12

00-013 WARSZAWA

74,076,299 bearer 74,076,299 30.73%
4

State Treasury

ul. Krucza 36 / Wspolna 6

00-522 WARSZAWA

43,633,897 bearer 43,633,897 18.10%
5

THE BANK OF NEW YORK

101 Barclay Street

New York , N.Y. 10286 , USA

51,096,238 bearer 51,096,238 21.20%