Warsaw, July 12th, 2007

75/2007

Pursuant to Clause 5 paragraph 1 subparagraphs 9 and 12 of the Ordinance of the Minister of Finance of October 19th, 2005 on current and periodical information provided by issuers of securities (Journal of Laws of 2005, No. 209, item 1744), the Management Board of Sygnity Spółka Akcyjna headquartered in Warsaw,

informs on the redemption of securities and the court registering a change in the stock capital of Sygnity S.A.

Pursuant to Clause 5 paragraph 1 subparagraphs 9 and 12 of the Ordinance of the Minister of Finance of October 19th, 2005 on current and periodical information provided by issuers of securities, the Management Board of Sygnity Spółka Akcyjna headquartered in Warsaw (the "Company", "Sygnity") hereby informs that on July 11th, 2007 it decided to register a decrease of the stock capital of the Company in the Registry Court by redeeming 90 X series stocks with a nominal value of PLN 1.00 each, entitling to place a total of 90 votes on the General Stockholder Assembly of Sygnity, i.e. a decrease of the stock capital of Sygnity from PLN 10,776,794.00 to PLN 10,776,704.00. The redemption has been carried out without the consent of the stockholders under a resolution of the Management Board of the Company of June 20th, 2007, passed under Article 5.7 of the Company's Articles of Association, pursuant to which X series stocks that have not been given to existing stockholders of Emax S.A. (taken over by the Company) are subject to redemption after the day following the reference day, which has been set to June 4th, 2007 - see current report no. 53/2007). X series stock have been redeemed without compensation due to the fact that X series stocks being subject to redemption have not been purchased by the Company from a stockholder. However, it should be noted that existing stockholders of Emax S.A. that have been entitled to take up a non-absolute number of X series stocks in the total amount of 90 X series stocks redeemed have received cash payments pursuant to the terms specified in the plan for the merger of the Company and Emax S.A., as well as in the resolution of the General Stockholder Assembly of the Company of March 15th, 2007 on the merger of the Company and Emax S.A.

At the same time, on July 9th, 2007 the Registry Court registered the increase of the capital by way of a conditional increase of the capital.

Before the registration of the aforementioned changes the stock capital of Sygnity amounted to PLN 10,776,794.00 and was divided into 10,776,794 stocks with a nominal value of PLN 1.00 each. The total number of votes on the General Stockholder Assembly, basing on the total number of all stocks issued, amounted to 10,776,794.

After registering the aforementioned changes (the decrease and the increase of the capital), the stock capital of Sygnity amounts to PLN 10,813,373.00 and is divided into 10,813,373 stocks with a nominal value of PLN 1.00 each. The total number of votes on the General Stockholder Assembly, basing on the total number of all stocks issued, amounts to 10,813,373.