Reports

The Management Board of HELIO S.A. hereby informs that it adopted on 2 April 2007 a resolution on allocation of 1,128,000 series B shares being the subject of a Public Offering.

In the Large Investor Tranche in which 900,000 Series B Shares were were offered, demand for the total number of 6,578,000 shares was recorded in the framework of the biding process of bookbuilding.

Pursuant to the list of the preliminary allocation, subscriptions for the total number of 900,000 shares of the total value of PLN 9,450,000 were submitted.

255 subscriptions of the total number of 2,812,208 and the total value of PLN 29,528,184 were submitted in the Small Investor Tranche. Having carried out a proportional reduction according to the aforementioned provisions, pursuant to the provisions of the Company’s issuing prospectus, the allocation rate of the subscriptions submitted in the Small Investor Tranche amounted to 8.1075% (reduction rate 91.8925%).

A detailed report concerning the completion of the subscription of series B shares shall be publicized pursuant to § 33 of the Regulation of the Minister of Finance of 19 October 2005 on current and periodic information published by issuers of securities.