Conclusion of a significant contract.

Date of issue: 2011-10-19

Legal basis:  Art. 56 cl. 1 item 2  of the Public Offering Act - current and periodic information

SUBJECT:
Conclusion of a significant contract.

CONTENT OF THE REPORT:
The Management Board of Izostal S.A. informs that on October 19, 2011 the Company (Buyer) concluded the steel pipes purchase transaction with ArcelorMittal Tubular Products Ostrava a.s. seated in Ostrava in the Czech Republic (Seller). Following this transaction the total value of the contracts concluded by the Company with ArcelorMittal Tubular Products calculated since February 15, 2011 (current report no. 16/2011) has exceeded 10% of the Company's equity and amounted to PLN 54,084,876.33 (net).

In the aforesaid period, the contract of the largest value was the seamed steel pipes purchase transaction with  ArcelorMittal Tubular Products Ostrava a.s. on October 19, 2011, of a total value of EUR 6,348,850.00, which after conversion into PLN at the mean exchange rate of the National Bank of Poland on this date amounts to PLN 27,607,339.34.

The terms and conditions of the transaction do not provide for any contractual damages and are not different from the conditions used typically for such contracts.

The transactions concluded with ArcelorMittal Tubular Products Ostrava a.s. and entities from ArcelorMittal Tubular Products Group in the aforementioned period meet the criterion of a significant contract as their total value exceeds 10% of the Company's equity.

Specific legal basis: §5 clause 1 item 3 of the Ordinance of the Minister of Finance of February 19, 2009 on current and periodic information disclosed by the issuers of commercial papers and the conditions for recognizing as equivalent the information required by the laws of a non-member state (Journal of Laws No. 33, item 259 as amended).

SIGNATURES OF PERSONS REPRESENTING THE COMPANY:
Management Board President, General Director Marek Mazurek 2011-10-19
Management Board Vice President, Commercial Director Jacek Podwiński 2011-10-19

INFORMATION ON THE ENTITY:
Full name of the issuer: IZOSTAL SPÓŁKA AKCYJNA
Abbreviated name of the issuer:  IZOSTAL S.A
Sector based on the classification of Warsaw Stock Exchange:  Other industry
Address: 47-120 Zawadzkie Polna 3
Telephone: (77) 405 65 00            
Fax: (77) 405 65 01
e-mail:info@izostal.com.pl
www.izostal.com.pl
VAT No. [NIP]:756-00-10-641
Statistical No. [REGON]: 530884678