Over 200 thousand individual investors have subscribed for the purchase of shares of Tauron which is to be privatised in the oncoming IPO. This accounts for another “citizen shareholding” success of privatisation transactions, following the success of PZU’s IPO. The book-building process in the institutional tranche, and thus the sale of shares in the public offer, shall conclude on 21 June 2010.

Preliminary estimates show that over 200 thousand Polish people have subscribed for the purchase of the shares of Tauron Polska Energia S.A. Currently, the demand for shares is undergoing final verification among individual investors. Subscription was conducted as part of the “citizen shareholding” programme which provided for each individual investor subscribing for up to 13,500 shares. After the completion of its IPO, Tauron will become one of the three (next to PZU and PKO BP) companies with the largest shareholding in Poland. The book-building process in the institutional tranche for individual investors shall conclude on 21 June 2010. Information on the final terms of the transaction and its price parameters will be published next week.

Tauron Polska Energia S.A. is the second largest producer of electric energy in Poland, the biggest energy distributor and one of the largest sellers. Introduction of such a large company on the Warsaw market, including WIG20, will strengthen the position of the Warsaw Stock Exchange as the regional financial centre. The great interest of domestic and foreign investors in Tauron’s IPO proves that Warsaw has become an indisputable leader of capital markets in the regions of Central and Eastern Europe.

The participation of such a large group of individual investors in another privatisation conducted as part of “citizen shareholding” proves the trust of Polish people not only in the Polish economy and capital markets but also in the offer prepared by the Ministry of Treasury and may be considered as an approval of the currently conducted privatisation processes.