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Current Report No. 19/2011

05.04.2011 00:00

Management Board recommendation on the dividend distribution

The Management Board of TAURON Polska Energia S.A. (the “Company”) informs that it decided to address the Ordinary General Meeting of the Company (the “OGM”) with the recommendation on distribution of the dividend of PLN 262,882,409.10 (say: PLN two hundred sixty two million eight hundred eighty two thousand four hundred and nine and 10 grosz). It means that per one share, the dividend amounts to PLN 0,15 (say: fifteen grosz).

The recommended dividend for shareholders comprises:
1) net profit of the Company for the financial year 2010 in total PLN 190,477,439.61 (say: PLN one hundred ninety million four hundred seventy seven thousand four hundred and thirty nine and sixty one grosz)
2) part of the resources from net profit from the Company’s financial year 2009 distributed for the reserve capital in the amount of PLN 72,404, 969.49 (say: PLN seventy two million four hundred four thousand nine hundred and sixty nine and forty nine grosz).

Simultaneously, the Management Board of the Company decided to address the OGM with the recommendation on:
1) determining June 30, 2011 as the dividend record day,
2) determining July 20, 2011 as the dividend payment day.

§ 38 section 1 item 11 of the Decree of the Minister of Finance of 19 February 2009 on current and periodic information disclosed by issuers of securities and conditions for recognising as equivalent information required by the laws of a non-member state (Journal of Laws of 2009 No. 33, item 259, with amendments).

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