(...) Good practices, as a set of corporate governance rules and principles describing standards for shaping the relations of listed companies with their market environment, can be an essential tool strengthening market competitiveness. They can also be a means of conveying an innovative attitude to the problems of the stock market, and through this, build its attractiveness in the international dimension (...)

taken from the Preamble to "Good Practices in Public Companies Listed on the Warsaw Stock Exchange"

On 15 May 2008 Zelmer S.A. published, concurrently with the Annual report 2007, the "Statement of Compliance with Corporate Governance Rules 2007". The publication of this report satisfies "Good Practices in Public Companies Listed on the Warsaw Stock Exchange" in force since 1 January 2008, and, at the same time, expresses the Company's willingness to develop and build shareholder value.

An extremely important feature of corporate governance rules is openness to communication relating to the Company's operations. Zelmer S.A. regularly publishes current information on its activity in the form of current as well as periodic financial reports, which are available from the Company's website.

The Company follows a sound communication policy by regularly organizing press conferences during which presentations aiding the interpretation of financial results are shown. Thanks to this, both our Shareholders, capital market representatives and media are given easy, transparent access to information about our Company's operations.