LIST OF MAJOR FOREIGN INVESTORS IN POLAND. December 2008

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2 LIST OF MAJOR FOREIGN INVESTORS IN POLAND December 2008 Warsaw 2009

3 List of Major Foreign Investors in Pol in 2008 I. Foreign direct investment worldwide, with particular emphasis on the new European Union member states (according to UNCTAD) In 2008 the international crisis has led to major decrease in world FDI flows. total value of FDI has decreased by 14.5% on previous year, to the level of USD billion. According to the Nations Conference on Trade Development (UNCTAD) the fall was the result of lower FDI inflows to developed countries. Chart 1. FDI worldwide (USD billion) Compared to the previous year developed economies attracted 20% less FDI (USD 1002 billion). Developing countries acquired more than USD 549 billion, which was 10% more than in Transition countries have attracted 12% more FDI than a year before. value of FDI inflows to the 12 new EU members was USD 70 billion, 5 billion more than in Among the new EU member states Pol which has recorded the highest level of FDI inflow was followed by Romania, Czech Republic Bulgaria Source: World Investment Report 2009 Chart 2. Inflow of FDI to the new EU member states in (USD billion) 64,2 64,8 69,7 48,6 40,1 18,5 Source: World Investment Report

4 Table 1. Value of FDI inflow to the new EU Central Eastern Europe member states (USD billion) Pol Romania Czech Republic Bulgaria Hungary Slovakia Estonia Latvia Lithuania Slovenia Source: World Investment Report 2008 II. FDI in Pol (according to the National Bank of Pol) According to the National Bank of Pol in 2008 FDI in Pol amounted to EUR 9,972 million. It decreased by EUR 7,224 million (42% decrease over 2007). profile of the foreign capital inflow in the form of FDI in 2007 is presented below. Table 2. FDI inflow to Pol in 2007 & 2008 (EUR million) Elements of capital inflow Equity Reinvested Other Total capital profits capital ,481 6,615 4,486 16, , ,917 9,972 Source: National Bank of Pol 2008 figure of EUR 9,972 million consists of funds for the purchase of Polish companies shares (EUR 6,493 million), other capital flows (EUR 3,917 million). Reinvested profits were negative, falling down to EUR -483 million. It shall be noted however that investment in equity capital which is the key part of FDI were even higher than in III. Economic activity of companies with foreign capital in 2007 (according to Polish Statistical Office) 1. Number of companies with foreign capital in In 2007 Polish Statistical Office (GUS) recorded in Pol 18,515 companies with foreign capital, 2,8% more than in Among 1,758 new entities with foreign capital the vast majority (1537 companies) was greenfields. Among all the companies, the major group (14,942 or 80.7%) was small companies, i.e. those employing up to 49 people. greatest importance, however, had 1,111 big companies (employing over 250 persons), which accounted for 63% of share capital 72% of employment. In terms of the sector, the 27.3% of all companies were active in trade repairs sector, 27.4% operated in industrial processing sector 23.6% offered real estate services. 2. Employment in companies with foreign capital. In 2007 the companies polled by GUS employed 1,454,700 people. greatest ber, 1,046,880 persons, was employed by the biggest companies. most erous group among all (over 50% of all employees) worked in companies from industrial processing sector while 20% were employed in trade repairs. IV. Foreign investors in Pol (according to PAIiIZ) As in previous years, a team from PAIiIZ conducted a study among entities with foreign capital. 1,500 companies were invited to participate. All had to have a foreign investor who held at least 10% of shares. participating companies ranged from the largest foreign enterprises that invested in Pol in the past years to nascent companies that have invested capital in Pol for the first time. Altogether 1,536 foreign investors from 42 countries were included in the List of Major Foreign Investors in Pol. se investors were in control of 2,083 corporations registered in Pol. 3

5 most erous group were investors from Germany (366), the (169) the States (161). Companies from these three countries made up to 45% of the investments studied by PAIiIZ. Detailed information on investors from specific countries is presented in tables throughout this publication. 4

6 of 1. Amcor Ltd Australia Australia Australia pulp paper, publishing 2. Lend Lease Central Europe Australia Australia Construction; 1. AHA Wien GmbH Austria Austria 2. Alpla Austria Austria 3. Aluplast Austria GmbH Austria Austria 4. Arlberger Bergbahnen AG Innsbruck Austria Austria 5. Bau Holding Strabag AG Austria Austria 6. Benda-Lutz GmbH Austria Austria 7. Bogner Edelstahl Austria Austria Austria Austria 8. BRAU UNION AG Austria 9. Brenntag CEE GmbH Austria Austria 10. Coface Central Europe Holding AG Austria Austria 11. Donau Chemie Gruppe Austria Austria 12. E. Hawle Armaturenwerke GmbH Austria Austria 13. Erste Bank Austria Austria 14. EUROPOLIS INVEST Austria Austria 15. Festo GmbH Austria Austria Construction; Hotels restaurants; tobacco articles of paper paperboard; Building of complete constructions or parts thereof; civil Advertising; plastic plastic Other l ; Building of complete constructions or parts thereof; civil Hotels; basic precious nonferrous metals; cutlery, tools general hardware; beverages; Wholesale of nonagricultural intermediate products, waste scrap; Legal, accounting, book-keeping auditing tax consultancy; market research public opinion polling; management consultancy; holdings; Other retail sale of new goods in specialized stores; machinery for the production use of mechanical power, except aircraft, vehicle cycle engines; Activities auxiliary to financial intermediation, except insurance pension funding; Real estate activities with own property; electric motors, generators transformers; Amcor Rentsch Polska Sp. z o. o. - Łódź; Amcor Flexibles Polska Sp. z o. o. - Łódź Wiśniowy Business Park - AHA Polska Sp. z o.o. - Alpla Sp. z o. o. - Żywiec Aluplast Polska Sp. z o. o. - Poznań Sudety Lift Sp. z o. o. - Szklarska Poręba Strabag Sp. z o. o. - ; Hotele Warszawskie "Syrena" Sp. z.o.o. - Benda-Lutz Skawina Sp. z o. o. - Skawina Bogner Komexim Sp. z o.o. - Solec Kujawski Grupa Żywiec S.A. Browar w Leżajsku - Leżajsk Brenntag Polska Sp. z o. o. - Kędzierzyn- Koźle Coface Pol Credit Managemend Services - Donauchem Polska Sp. z o.o. - Grudziądz Hawle Fabryka Armatury Sp. z o. o. - Kozieglowy Erste Securities Polska SA - Europolis Real Estate Assets Management Sp. z o. o. - Festo Sp. z o. o. - Raszyn 5

7 of 16. Generali Holding Vienna AG Austria Austria 17. GfK Austria GmbH Austria Austria 18. Greiner Perfoam GmbH Austria Austria 19. HENKEL CENTRAL EASTERN EUROPE GMBH Austria Austria 20. Herz Austria Austria 21. Intermarket Bank AG Austria Austria Insurance pension funding, except compulsory social security; Legal, accounting, book-keeping auditing tax consultancy; market research public opinion polling; management consultancy; holdings; manmade fibres; Wholesale of nonagricultural intermediate products, waste scrap; Manufacture of soap detergents, cleaning polishing preparations, perfumes toilet preparations; Wholesale of nonagricultural intermediate products, waste scrap; Other financial Generali Życie Towarzystwo Ubezpieczeń S.A. - ; Generali Towarzystwo Ubezpieczeń S.A. - ; Generali PTE S.A. - ; Generali Finance Sp. z o.o. - GfK Polonia Sp. z o.o. - Greiner Perfoam Sp. z o. o. - Ozorków Henkel Polska Sp. z o.o. zakład Dzierżoniów - Dzierżoniów; Henkel Polska Sp. z o. o. - Herz Armatura i Systemy Grzewcze - Wieliczka Polfactor SA Intersnack Knabber Gebaeck GmbH & Co. K.G. Austria Austria 23. ISOROC Holding Austria Austria 24. Julius Meinl International AG Austria Austria 25. Kludi Armaturen Austria GmbH Austria Austria 26. Mayer & Co Beschläge GmbH (MACO) Austria Austria 27. Meinl European L Group Austria Austria 28. Michael Leier Austria Austria Hotels restaurants; Hotels; articles of concrete, plaster cement; Retail sale in nonspecialized stores; Wholesale of nonagricultural intermediate products, waste scrap; Manufacture of machinery for the production use of mechanical power, except aircraft, vehicle cycle engines; Cargo hling storage; Other retail sale of new goods in specialized stores; Real estate activities with own property; bricks, tiles construction products, in baked clay; Syrena International Sp. z o. o. - ISOROC Polska Sp. z o.o. - Nidzica Julius Meinl S.A. - Kraków Kludi Armaturen Sp. z o. o. - Opole MACO POLSKA Sp. z o.o. - Gliwice Manhattan Real Estate Management Sp. z o.o. - Leier Polska S.A - Wola Rzędzińska; Leier Sp. z o.o. - Malbork 6

8 of 29. Neupack GmbH Austria Austria 30. Polmarck GmbH Austria Austria 31. POLYTEC HOLDING AG Austria Austria 32. Porr International/Chopin Austria Austria 33. Premium Packaging Tiefdruck Produtions GmbH Austria Austria 34. Pura Siegfried Austria Germany 35. Raiffeisen Zentralbank Osterreich AG Austria Austria 36. Rigips Austria GmbH Austria Austria 37. S&T System Integration & Technology Distribution AG Austria Austria 38. Soke Hels GMBH Austria Austria Austria 39. Spedition Trade Trans Holding GmbH Austria Austria pulp paper, publishing Hotels restaurants; pulp paper, publishing tobacco 40. Stalco Holding GmbH Austria Austria Construction; 41. Telekom Austria GmbH Austria Austria 42. TLH Verwaltungs- und Beteiligungs Austria Austria 43. UNIQA International Austria Austria 44. VOESTALPINE AG Austria Austria 45. Vogel & Noot Waermetechnik AG Austria Austria wood wooden 46. Warimpex Austria Austria Construction; articles of paper paperboard; Advertising; parts accessories for motor vehicles Hotels; articles of paper paperboard; beverages; Other financial articles of concrete, plaster cement; Computer related Other retail sale of new goods in specialized stores; Activities of other agencies; Building of complete constructions or parts thereof; civil Telecommunications; Sawmilling planing of wood; impregnation of wood; Insurance pension funding, except compulsory social security; Casting of metals; Other first processing of iron steel; tanks, reservoirs containers of metal; manufacture of central heating radiators boilers; Building of complete constructions or parts thereof; civil Neupack Polska Sp. z o.o. - Bydgoszcz AHA Polska Sp. z o.o. - Polytec Interior Polska Sp. z o. o. - Tomaszów Mazowiecki Porr Polska S.A. - ; Cafe Chopin Sp. z o. o. - Katowice Wall Kraków Sp. z o. o. - Kłaj Browar Van Pur S.A. - Rakszawa Raiffeisen Leasing Polska S.A. - ; Raiffeisen Factoring Polska Sp. z o. o. - ; Raiffeisen Investment Polska Sp. z o.o. - ; Raiffeisen Bank Polska S.A. - Saint-Gobain Construction Product Sp.z o.o. - S & T Services Polska Sp. z o. o. - Mapa Spontex Polska Sp. z o.o. - Kraków Przedsiębiorstwo Spedycyjne Trade Trans Sp. z o. o. - Zeman Hale-Dachy- Fasady Sp. z o. o. - Świętochłowice etel Polska Sp. z o.o. - TLH Polska Sp. z o. o. - Białe Błota Uniqa Towarzystwo Ubezpieczeń S.A. - Łódź; Uniqa Towarzystwo Ubezpieczeń Oddział w Szczecinie - Szczecin VOESTALPINE STEEL SERVICE CENTER POLSKA Sp. z o.o. - Katowice VNH Fabryka Grzejników Sp. z o. o. - Wałcz Warimpex Polska Sp. z o. o. - 7

9 of Wiener Städtische Versicherung AG Vienna Insurance Group Austria Austria Wiener Staedtische Allgemeine Versicherung AG Austria Austria 49. Wienerberger Ziegelindustrie AG Austria Austria 50. Wilkosz Austria Austria Construction; 51. Wuestenrot AG Austria Austria 1. ACP Europe Belgium Belgium 2. Alain Faymonville Belgium Belgium 3. Aquilla VPK Belgium Belgium 4. Bekaert Belgium Belgium 5. BELBAL Belgium Belgium 6. Betafence NV Belgium Belgium 7. BOS Automotive Products Belgie NV Belgium Germany 8. Brouwerij Palm NV Belgium Belgium 9. Cartamundi Group Belgium Belgium 10. Chaufourneries de Hergenrath Belgium Belgium 11. Democo Pol Sp. z o. o. Belgium Belgium Belgium pulp paper, publishing tobacco Insurance pension funding, except compulsory social security; Insurance pension funding, except compulsory social security; bricks, tiles construction products, in baked clay; non-refractory ceramic goods other than for construction purposes; manufacture of refractory ceramic Building of complete constructions or parts thereof; civil Insurance pension funding, except compulsory social security; basic s; bodies (coachwork) for motor vehicles; manufacture of trailers semitrailers; articles of paper paperboard; other fabricated metal rubber other fabricated metal parts accessories for motor vehicles beverages; Other retail sale of new goods in specialized stores; cement, lime plaster; Architectural engineering activities related technical consultancy; InterRisk Towarzytwo Ubezpieczeń Spółka Akcyjna Vienna Insurance Group - Royal Polska Towarzystwo Ubezpieczeń na Życie SA - ; Compensa Życie S.A. - ; Compensa TUnŻ S.A. Vienna Insurance Group - ; Compensa TU S.A. Vienna Insurance Group - ; BTUiR Heros S.A. - Wienerberger-Kupno Sp. z o.o. - Kupno; Wienerberger Ceramika Budowlana Sp. z o.o. - Investbau - Płock Wustenrot Życie Towarzystwo Ubezpieczeniowe S.A. - ACP Polska & CarboWil - Włocławek Faymonville Polska Sp. z o.o. - Goleniów AQUILA Sp z o.o. - Września Bekaert Kotlarnia Sp. z o. o. - Kotlarnia MBF Sp. z o.o. - Tczew; BELBAL Aerial Promotion S.A. - Straszyn Betafence Sp. z o.o. - Kotlarnia BOS Automotive Products Polska Sp. z o. o. - Tychy Kompania Piwowarska Browar Kielce - Kielce Cartamundi Polska Sp. z o.o. - Stare Babice Lhois Opolwap S. A. - Tarnów Opolski Democo Pol Sp. z o. o. - Tarnowo Podgórne 8

10 of 12. Dossche Belgium Belgium 13. Elbicon Belgium Belgium 14. Electrabel S.A. Belgium Belgium 15. Eurofoam GmbH Belgium Austria 16. FAST LINES BELGIUM N.V. Belgium Belgium 17. FastHercoGroup Belgium Belgium 18. Fortis Bank NV/S.A. Belgium Belgium 19. Gyproc Benelux S.A. Belgium Belgium 20. Henschel Engineering N.V. Belgium Belgium 21. Holdes NV Belgium Belgium 22. Józef Felix Nawrot Belgium Belgium 23. KBC Bank N.V. Belgium Belgium 24. Kinepolis Group Belgium Belgium 25. Koramic Building Products N.V. Belgium Belgium 26. Lhoist Belgium Belgium tobacco Electricity, gas water supply; Agriculture, hunting forestry; Other community, social personal service prepared animal feeds; office computers; Production distribution of electricity; manmade fibres; Sea coastal water ; Cargo hling storage; Activities of other agencies; Other l ; other fabricated metal Monetary cement, lime plaster; structural metal Agriculture, hunting related service Sale of motor vehicles; Insurance pension funding, except compulsory social security; Monetary Motion picture video bricks, tiles construction products, in baked clay; cement, lime plaster; Dossche Sp. z o. o. - Kalisz Visitronics Sp. z o.o. - Elektrownia Połaniec Spółka Akcyjna-Grupa Electrabel Polska - Połaniec; Electrabel Polska Sp. z o. o. - Katowice Kerko Sp. z o.o. - Strażów; Eurofoam Polska Sp. z o. o. - Zgierz; Caria Sp. z o. o. - Kalwaria Zebrzydowska Fast Baltic Sp. z o.o. Grupa FAST - Szczecin Herco Sp. z o. o. - RAWA MAZOWIECKA Fortis Prevet Investment Polska - ; Fortis Lease Polska Sp. z o.o. - ; Fortis Bank Polska S.A. - ; Dominet Bank SA - Lubin Nida Gips Sp. z o. o. - Teleskop Sp. z o. o. - Kostrzyn nad Odrą Hollas Sp. z o. o. - Pasłęk; Andrilla Sp. z o. o. - Nawrot Sp. z o. o. - Długołęka Chmielna Inwestycje Sp. z o.o. - ; Towarzystwo Ubezpieczeń i Reasekuracji Warta SA - ; Towarzystwo Ubezpieczeń na Życie Warta S.A. - ; Towarzystwo Ubezpieczeń i Reasekuracji Warta S.A. - ; Kredyt Bank S.A. - ; Agropolisa S.A. - Cienemacity Kinepolis Polska Sp. z o. o. - Poznań Koramic Pokrycia Dachowe Sp. z o. o. - Lhoist Bukowa Sp. z o. o. - Bukowa 9

11 of 27. Materne-Confilux S.A. Belgium Belgium 28. Patrick Willems Belgium Belgium 29. Pregis Belgium Belgium 30. Radson NV Belgium Belgium 31. Rom Heribert Belgium Belgium 32. Solvay Belgium Belgium 33. TCL Belgium SA Belgium China 34. Toyota Belgium Japan 35. TPF HOLDING SA Belgium Belgium 36. VPK Group Belgium Belgium 1. Alcan Canada Canada 2. Apotex Inc. Canada Canada Canada 3. Bata Shoes Canada Czech Republic 4. Bombardier Transportation Canada Canada 5. Chapman Ice Cream Canada Canada 6. COLTEC AEROSPACE CANADA Ltd Canada USA 7. Europort Grain Terminal Canada Canada 8. Gestion Max Canada Canada tobacco furniture consumer pulp paper, publishing leather leather tobacco Processing preserving of fruit vegetables; tanks, reservoirs containers of metal; manufacture of central heating radiators boilers; plastic Wholesale of furniture; soap detergents, cleaning polishing preparations, perfumes toilet preparations; television radio receivers, sound or video recording or reproducing apparatus associated parts accessories for motor vehicles Architectural engineering activities related technical consultancy; articles of paper paperboard; plastic pharmaceuticals, medicinal s botanical footwear; other equipment n.e.c.; dairy aircraft spacecraft; Cargo hling storage; Architectural engineering activities related technical consultancy; Materne-Polska Sp. z o. o. - Wąwolnica Tarkon Sp. z o.o. - Tarnobrzeg Pregis zakład produkcyjny w Gliwicach Sp.z o.o - Gliwice Rettig Heating Sp. z o. o. - Rybnik; Radson Panele Grzewcze Sp. z o. o. - Bydgoszcz Zebra Sp. z o. o. - Dzierżoniów Solvay Chemia Sp. z o. o. - TCL Operations Polska - Żyrardów Toyota Motor Pol Co. LTD. Sp. z o. o. - ; Toyota Motor Manufacturing Pol Sp. z o. o. - Wałbrzych; Toyota Motor Industries Pol Sp. z o. o. - Łęg; Toyota Bank Polska S.A. - E&L Architects Sp. z o.o. - VPK Packaging Sp. z o. o. - Żyrardów; Aquila sp. z o. o. - Września Alcan Packaging Zlotow - Złotów Apotex Inc. Korporacja. Przedstawicielstwo w Polsce - Bata Pol Sp. z o. o. - Bombardier Transportation Polska Sp. z o. o. - Wrocław Chapman Ice Cream Pol Sp. z o. o. - Poznań Goodrich Krosno Sp. z o. o. - Krosno Europort Grain Terminal - Gdańsk ECO ABC Sp. z o. o. - Bełchatów 10

12 of 9. GUEST TEK INTERNATIONAL GROUP LTD Canada Canada 10. Magna International Inc. Canada Canada 11. Masonite International Corporation Canada Canada 12. Pan Smak Pizza Inc. Canada Canada 13. Pratt & Whitney Canada Canada Canada 14. Royal Group Technologies Canada Canada wood wooden Hotels restaurants; 15. Sidney Braaksma Canada Canada Construction; 16. Staight Crosing Canada Canada 17. Wentworth Tech INC. Canada Canada 1. Digital View China China 2. Dong Yun China China 3. Min Hoong Development Co. China China China Hotels restaurants; 4. Sino Frontier Properties Ltd. China China Construction; 5. Suzhou Victory Precision Manufacture Co China China 6. TPV Technology Ltd China China 1. Pliva d.d. Croatia Croatia 2. Podravka d.d. Croatia Croatia 1. ASBISC Enterprises Ltd Cyprus Cyprus Croatia Cyprus tobacco Database Forging, pressing, stamping roll forming of metal; powder metallurgy; builders' carpentry joinery; Restaurants; aircraft spacecraft; articles of concrete, plaster cement; Building of complete constructions or parts thereof; civil Sea coastal water ; plastic television radio receivers, sound or video recording or reproducing apparatus associated Forging, pressing, stamping roll forming of metal; powder metallurgy; Hotels; Building of complete constructions or parts thereof; civil plastic television radio receivers, sound or video recording or reproducing apparatus associated pharmaceuticals, medicinal s botanical other food Other retail sale of new goods in specialized stores; Europejskie Centrum Usług - Formpol Sp. z o.o. - Tychy Masonite PL - Jasło Pizzerie Pan Smak Sp. z o. o. - Wrocław Pratt & Whitney Kalisz Sp. z o. o. - Kalisz Royal Europa Sp. z o. o. - Polkowice Kan-Bud Sp. z o. o. - Kąkolewo EuroPort Inc. Pol - Gdańsk Wentworth Tech Sp. z o. o. - Bydgoszcz; Wentworth Tech Central Sp. z o. o. - Bydgoszcz; Amhil Europa Sp. z o. o. - Wierzchucino; Amhil Europa. Sp. z o.o. Przetwórstwo tworzyw sztucznych - Kartoszyno Digital View Sp. z o. o. Koszalin Dong Yun (Pol) Sp. z o. o. - Łódź Min Hoong Development Co. Pte. Ltd. Pol Sp. z o. o. - Sopot GD Pol Investment Sp. z o. o. - Wólka Kosowska Victory Technology Polska Sp. z o. o. - Gorzów Wielkopolski TPV Displays Polska Sp. z o.o. - Gorzów Wielkopolski Pliva R&D center - Kraków; PLIVA Kraków Zakłady Farmaceutyczne S.A. - Kraków Podravka Polska Sp. z o. o. - ASBIS PL Sp. z o.o. - 11

13 of 2. Ballinger Holdings Ltd. Cyprus Cyprus 3. BEECH TREE INVESTMENTS LIMITED Cyprus Cyprus 4. DELOITTE CENTRAL EUROPE HOLDINGS LIMITED Cyprus Cyprus 5. Gtech Global Services Corporation Cyprus USA 6. Kronospan Holdings Ltd. Cyprus Cyprus 7. Rexon Overseas Cyprus Cyprus 8. TOLLERTON INVESTMENTS LTD Cyprus Cyprus wood wooden wood wooden intermediation, except insurance pension funding; Activities of other agencies; Legal, accounting, book-keeping auditing tax consultancy; market research public opinion polling; management consultancy; holdings; Computer related Sawmilling planing of wood; impregnation of wood; Manufacture of veneer sheets; manufacture of plywood, laminboard, particle board, fibre board other panels boards; Monetary Telecommunications; 9. TriGránit Holding Ltd. Cyprus Hungary Construction; Construction; 1. Glaverbel Czech a.s. 2. Interkontakt Group A.S. 3. Kofola a.s. 4. TCHAS SPOL S R O 5. Vitkovice Machinery Group Czech Republic Czech Republic Czech Republic Czech Republic Czech Republic Czech Republic Czech Republic tobacco Czech Republic Czech Republic Construction; Czech Republic Czech Republic glass glass Wholesale of food, beverages tobacco; beverages; Building of complete constructions or parts thereof; civil basic metals; Ballinger Capital Sp. z o. o. - Cargoforte Sp. z o. o. - Deloitte Doradztwo Podatkowe Sp. z o. o - ; Deloitte Audyt Sp. z o. o - ; Deloitte Advisory Sp. z o. o. (Grupa kapitałowa) - WARSZAWA GTCH Sp. z o. o. - Maltadecor Sp. z o. o. - Wilamowice Nyskie; Polspan Sp. z o. o. - Szczecinek; Malta Trading Sp. z o. o. - Poznań; Malta Decor S.A. - Poznań; Kronospan Szczecinek Sp.z o.o. - Szczecinek; Kronospan Mielec Sp. z o. o. - Mielec; Kronoplus Sp. z o. o. Oddział - Dobroszyce; Kronoflooring Mielec Sp. z o. o. - Mielec; HPL - Pustków Sp. z o.o - Pustków; Kronochem Sp. z o. o. - Szczecinek; HPL Pustków Sp. z o.o. - Pustków; Kronospan - Strzelce Opolskie Invest-Bank SA - P4 Sp. z o.o. - TriGránit DEVELOPMENT POLSKA Sp. z o.o. - ; Nowe Centrum Sp. z o. o. - Katowice Glaverbel Silesia Sp. z o. o. - Wałbrzych; Glaverbel Kwarcglav Sp. z o. o. - Wrocław; Glaverbel BALTICGLAV Sp. z o.o. - Pruszcz Gdański; AGC S.A - ; AGC Opatów Sp. z.o.o. - Opatów PRECOM S.A. - Kofola Sp. z o. o. - Kutno TCHAS POLSKA Sp. z o. o. - Milmet S.A. Fabryka Butli Technicznych - Sosnowiec; Kzwm OGNIOCHRON S.A. - Andrychów 12

14 of Denmark 1. A.Espersen A/S Denmark Denmark 2. A/S Roulunds Fabriker Denmark Denmark 3. ARLA FOODS AmbA Denmark Denmark 4. Bank DnB NORD A/S Denmark Denmark 5. BORG AUTOMOTIVE A/S Denmark Denmark 6. Broen A/S Denmark Denmark 7. Carlsberg Breweries A/S Denmark Denmark 8. Carly Gry Denmark Denmark 9. Chr. C. Grene A/S Denmark Denmark 10. Chr. Hansen AS Denmark Denmark 11. Dan Cake A/S Denmark Denmark 12. Dan Engineering AS Denmark Denmark 13. Danfoss A/S Denmark Denmark 14. Danish Brewery Group A/S Denmark Denmark 15. Danish Fast Food Denmark Denmark 16. Danish Partner ApS Denmark Denmark 17. Dansk Supermarked A/S Denmark Denmark tobacco tobacco tobacco fabrics textiles; tobacco tobacco tobacco fabrics textiles; Processing preserving of fish fish other non-metallic mineral dairy Monetary parts accessories for motor vehicles other fabricated metal beverages; other wearing apparel accessories; Sale of motor vehicle parts accessories; Other wholesale; other food basic precious nonferrous metals; instruments appliances for measuring, checking, testing, navigating other purposes, except industrial process control machinery for the production use of mechanical power, except aircraft, vehicle cycle engines; beverages; other food other wearing apparel accessories; Retail sale of food, beverages tobacco in specialized stores; Espersen Polska Sp. z o. o. - Koszalin Fabryka Okładzin Ciernych Fomar Roulunds S.A. - Marki Arla Foods Sp. z o. o. - Gościno Bank DnB NORD Polska SA - ; Bank DnB NORD Polska S.A. - Fomar Borg Automotive S.A. - Marki Broen DZT S.A. - Dzierżoniów Carlsberg Polska SA Browar OKOCIM - Brzesko; Carlsberg Polska S.A. - ; Carlsberg Polska Oddzial Kasztelaan w Sierpcu - Goleszyn; Carlsberg Polska SA, Oddział Bosman Browar Szczecin - Szczecin IC Company Pol LTD - Łódź Grene Sp. z o. o. - Konin Christian Hansen Pol Sp. z o. o. - Czosnów Dan Cake Sp. z o. o. - Chrzanów Fenix Metals Sp. z o. o. - Tarnobrzeg Sauer-Danfoss Sp. z o. o. - Wrocław (Wrocław-Fabryczna); Danfoss Sp. z o. o. - Grodzisk Mazowiecki Faxe Polska Sp.z.o.o. - Poznań Dania Fast Food Sp. z o. o. - Danipol Sp. z o. o. - Polkowice Netto Sp. z o. o. - Kobylanka 13

15 of 18. Danske Bank A.S. Denmark Denmark 19. DreamL Denmark Denmark 20. DSV ROAD HOLDING AS Denmark Denmark 21. Dyrup Denmark Denmark 22. Elopak Denmark AS Denmark Denmark 23. Elsam A/S Denmark Denmark 24. Faber AS Denmark Denmark 25. Foras Holding A/S Denmark Denmark 26. GN Great Nordic Denmark Denmark 27. Group 4 Falck International A/S Denmark Denmark 28. Hedeselskabet Denmark Denmark 29. House of Prince Denmark A/S Denmark Denmark 30. Icopal A/S Denmark Denmark 31. INELCO A/S Denmark Denmark 32. INSTITUTIONS HOLDING A/S Denmark Denmark 33. Investeringsfonden for Ostlene Denmark Denmark 34. Investment Fund for Central Eastern Europe Denmark Denmark furniture consumer Electricity, gas water supply; pulp paper, publishing Electricity, gas water supply; tobacco fabrics textiles; tobacco 35. Jan Stjernebjerg Denmark Denmark Construction; 36. Junget A/S Denmark Denmark 37. Kongskilde Industries A/S Denmark Denmark 38. LM Glasfiber Denmark Denmark Electricity, gas water supply; Other financial furniture; paints, varnishes similar coatings, printing ink mastics; plastic Production distribution of electricity; pulp paper, publishing Real estate activities with own property; Telecommunications; Investigation security Steam hot water supply; tobacco other non-metallic mineral equipment n.e.c.; other textiles; Production, processing preserving of meat meat intermediation, except insurance pension funding; Building of complete constructions or parts thereof; civil agricultural forestry machinery; agricultural forestry machinery; Production distribution of electricity; Danske Bank A/S S.A..Oddział w Polsce - Hilding Polska Sp. z o. o. - Murowana Goślina DSV Road Sp.z o.o. - Pruszków Dyrup Sp. z o. o. - Łódź Elopak S.A. - Czosnów Wolin North Sp. z o. o. - Szczecin Faber Polska Sp. z o. o. - Chludowo Foras Managment Pol Sp. z o. o. - DPTG (Danish Polish Telecommunications Group) - Viamod S.A - Kraków; G4S Security Sp. z o. o. - Białystok; G4S Holdings Polska Sp. z o.o. - ; Falck Medycyna Sp.z o.o. - Szczecin; Falck Medycyna Sp. z o. o. - WARSZAWA; Falck Medycyna Sp. z o. o. - ; Agencja Ochrony Mienia Sekuritas Sp. z o. o. - Hedeselskabet Sp. z o. o. - Scinavian Tobacco S.A. - Myślenice Icopal S.A. - Zduńska Wola Inelco Polska Sp. z o.o. - Lipiany Abena Polska Sp. z o.o. - Goleniów Prime Food Sp. z o. o. - Przechlewo Value Management Partners Sp z o.o. - JVP Steel Pol Sp. z o. o. - Szczecin Junget Sp. z o.o. - Solec Kujawski Kongskilde Polska Sp. z o. o. - Kutno LM Glasfiber Sp. z o. o. - Goleniów 14

16 of 39. Logstor Ror A/S Denmark Denmark 40. Maersk S/A Denmark Denmark 41. MEKOPRINT A/S Denmark Denmark 42. Merrild Cafe Denmark Denmark tobacco 43. MUNCK GRUPPEN AS Denmark Denmark Construction; 44. N.ORSKOV CHRISTENSEN A/S Denmark Denmark tobacco 45. NKT Cables A/S Denmark Denmark 46. Nordea Life Holding A/S Denmark Denmark 47. Nordisk Wavin A/S Denmark 48. Nykredit Realkredit A/S Denmark Denmark 49. Pagh Morups Bornekonfektion APS Denmark Denmark 50. POLEN INVEST A/S Denmark Denmark 51. Rockwool Denmark Denmark 52. ROYAL GREENLAND SEAFOOD A/S Denmark Denmark 53. Saturn Nordic Holding AB Denmark Sweden 54. Scanpol International ApS Denmark Denmark 55. Schulstad Brod A/S Denmark Denmark 56. Shiptrans Holding A/S Denmark Denmark fabrics textiles; tobacco Agriculture, hunting forestry; tobacco tobacco Hotels restaurants; tobacco furniture consumer tubes; Cargo hling storage; equipment n.e.c.; other food Building of complete constructions or parts thereof; civil Processing preserving of fruit vegetables; insulated wire cable; Insurance pension funding, except compulsory social security; plastic Monetary textiles; Production, processing preserving of meat meat Farming of animals; nonrefractory ceramic goods other than for construction purposes; manufacture of refractory ceramic Processing preserving of fish fish Production, processing preserving of meat meat Hotels; other food furniture; Logstor Polska Sp. z o.o. - Elbląg; Logstor Ror Polska Sp. z o. o. - Zabrze Maersk Polska Sp. z o. o. - Mekoprint Sp. z o.o. - Stargard Szczeciński Prima S.A. - Poznań Tarcopol sp. z o.o. - Starachowice AGROFREEZE S.A. - Czaplinek Polinex Sp. z o. o. - Knurów; NKT Cables Warszowice Sp. z o. o. - Ligota; NKT Cables S.A. - Czechowice-Dziedzice Nordea Polska Towarzystwo Ubezpieczeń na Życie S.A. - ; Tryg Polska S. A. Towarzystwo Ubezpieczeń Agencja Ubezpieczeniowa Jar - Insurance - Jarosław; Nordea Powszechne Towarzystwo Emerytalne S.A. - ; NL Towarzystwo Ubezpieczeń na Życie S.A. - Wavin Metalplast - Buk Sp. z o. o. - Buk; Wavin East Sp. z o. o. - ; Wavin Metal-Plast Buk Sp. z o.o. - Buk Nykredit Realkredit A/S S.A. Oddział w Polsce - PMB Sp. z o. o. - Piła Prime Food Sp. z o. o. - Przechlewo; Poldanor S.A. - PRZECHLEWO Rockwool Polska Sp. z o. o. - Cigacice; Rockwool Małkinia Sp. z o. o. - Małkinia Górna Royal Greenl Seafood Sp. z o.o. - Koszalin Sokołów S.A. - Sokołów Podlaski; Sokołów S.A. - Oddział Zakłady Mięsne Jarosław - Jarosław Hotel New Skanpol Sp. z o. o. - Kołobrzeg Lantmännen Axa Pol Sp. z o.o. - Poznań Scanwood Sp. z o. o. - Szczecin 15

17 of 57. Sonion Microtronic A/S Denmark Denmark 58. TAEPPELAND HOLDING A/S Denmark Denmark 59. TDC Mobile International A/S Denmark Denmark 60. TK Holding Denmark Denmark Construction; 61. TREPKO A/S Denmark Denmark 62. Unicon A/S Denmark Denmark 63. Velux A/S Denmark Denmark 64. YellowTel A/S Denmark Denmark 1. Baltic Wood S.A. Finl USA 2. BLStream Finl Finl 3. Consolis Oy Ab Finl Finl 4. ENSTO SEKKO OY Finl Finl 5. Fin Well Investment Sp. z o.o. Finl Finl 6. Fortum Power Heat OY Finl Finl 7. Huhtamaki Van Leer Finl Finl 8. Itella Information Finl Sweden 9. Kemira OY Finl Sweden Finl wood wooden wood wooden Other community, social personal service Electricity, gas water supply; pulp paper, publishing medical surgical equipment orthopaedic appliances; Retail sale in nonspecialized stores; Telecommunications; Building of complete constructions or parts thereof; civil other general purpose machinery; articles of concrete, plaster cement; other products of wood; manufacture of articles of cork, straw plaiting materials; plastic Data processing; veneer sheets; manufacture of plywood, laminboard, particle board, fibre board other panels boards; Software consultancy supply; articles of concrete, plaster cement; equipment n.e.c.; Sporting Steam hot water supply; plastic Printing service activities related to paints, varnishes similar coatings, printing ink mastics; Sonion Polska Sp. z o. o. - Szczecin Sklepy Comfort S.A. - Szczecin Polkomtel S.A. - TK Polska Operations S.A. - Trepko Sp. z o. o. - GNIEZNO Unicon Beton Sp. z o. o. - ; Unicon Sp. z o. o. - ; Ekol-Unicon Sp. z o. o. - Gdańsk Velux - fabryka Namysłów - Namysłów; NB Polska Sp. z o. o. - Gniezno; Velux Polska Sp. z o. o. - YellowTel Polska Sp. z o. o. - Nowy Styl - Jasło BLStream Sp. z o.o - Szczecin Consolis Polska Sp. z o. o. - Gorzkowice Ensto Aspol Sp. z o. o. - Straszyn S Valley Company Sp. z o.o. - Pasłęk Fortum Wrocław S.A. - Wrocław; Fortum Płock Sp. z o.o. - Płock; Fortum DZT S.A. - Wałbrzych; Fortum Częstochowa S.A. - Częstochowa Huhtamaki Polska Sp. z o. o. - Siemianowice Śląskie ITELLA INFORMATION Sp. z o.o. - TBD S.A. (d. Polifarb Beckers Dębica) - Dębica 16

18 of 10. KWH Group Ltd. Finl Finl 11. Martela OYJ Finl Finl 12. Metsa Tissue OYJ Finl Finl 13. Neste Oil Oyj FInl Finl 14. Nordic Environment Finance Corporation (NEFCO) Finl Finl 15. NORDKALK GROUP Finl Finl 16. ONNINEN OY Finl Finl 17. ORAS OY Finl Finl 18. Outokumpu Stainless AB Finl Finl 19. Paroc Group Finl Finl 20. Raisio Group Finl Finl 21. Ruukki OY Finl Finl 22. Sampo Finl Finl 23. Sanitec Ltd. OY Finl Finl 24. Suomi Mutual Life Assurance Company Finl Finl 25. UPM Raflatac OY Finl Finl 26. WERNER SODERSTROM OSAKEYHTIO OY Finl Finl France pulp paper, publishing pulp paper, publishing pulp paper, publishing tobacco Mining quarrying; Construction; tobacco pulp paper, publishing plastic Other retail sale of new goods in specialized stores; articles of paper paperboard; pulp, paper paperboard; Wholesale of nonagricultural intermediate products, waste scrap; articles of paper paperboard; Production, processing preserving of meat meat Quarrying of stone; insulated wire cable; Building installation; Casting of metals; Wholesale of nonagricultural intermediate products, waste scrap; other non-metallic mineral vegetable animal oils fats; structural metal Insurance pension funding, except compulsory social security; nonrefractory ceramic goods other than for construction purposes; manufacture of refractory ceramic Insurance pension funding, except compulsory social security; Printing service activities related to Miscellaneous activities n.e.c.; KWH Pipe Pol Sp. z.o.o - Martela Design Center Sp. z o. o. - Metsa Tissue S.A. - Konstancin Jeziorna; Metsa Tissue - Krapkowice Neste Polska Sp z o.o. - Stora Enso Pol S.A. - Ostrołęka; Prime Food Sp. z o. o. - Przechlewo; Foster Wheeler Energia Polska Sp. z o.o. - Sosnowiec Nordkalk Sp. z o. o. - Kraków Onninen Sp. z o. o. - Oras Olesno Sp. z o. o. - Olesno Outokumpu sp. z o.o. - Tychy Paroc Polska Sp. z o. o. - Trzemeszno Raisio Polska Foods Sp. z o. o. - Karczew Ruukki Polska Sp. z o. o. - Żyrardów; Ruukki Polska Sp. z o.o. - Oborniki; Ruukki Polska Sp. z o.o. - Wrocław Sampo Towarzystwo Ubezpieczeń S.A., Scanaqua Sp. z o.o. - Ozorków; Sanitec Koło Sp. z o. o. - Koło; Laminex Group S.C. - Kielce FinLife S.A. Towarzystwo Ubezpieczeń na Życie - UPM RAFLATAC Sp. z o. o. - Kobierzyce Young Digital Planet S.A. - Gdańsk 17

19 of 1. Accor SA France France 2. AGF France France 3. Air Liquide S.A. France France 4. Alcatel France France 5. Alstom Holdings France France 6. ALTRAD S.A. France France 7. Areva France France 8. Arval Service Lease S.A. France France 9. Atofina S.A. France France 10. Auchan S.A. France France 11. Aventis S.A. France International 12. Barry Callebaut France S.A. France Switzerl Hotels restaurants; Hotels; Orbis S.A. - Insurance pension funding, except compulsory AGF Ubezpieczenia na social security; Życie S.A. - Poznań Electricity, gas water supply; tobacco 13. BEG S.A. France France Construction; 14. BELVEDERE S.A. France France tobacco basic s; television radio transmitters apparatus for line telephony line telegraphy; machinery for the production use of mechanical power, except aircraft, vehicle cycle engines; railway tramway locomotives rolling stock; plastic tubes; Manufacture of steam generators, except central heating hot water boilers; Treatment coating of metals; general mechanical structural metal Production distribution of electricity; Renting of other basic s; Retail sale in nonspecialized stores; Wholesale of other food Building of complete constructions or parts thereof; civil beverages; Air Liquide Polska Sp. z o. o. - Kraków; Alkat Sp. z o. o. - Dąbrowa Górnicza; Alpol Sp. z o. o. - Alcatel Setel Sp. z o. o. - ; Alcatel- Lucent Polska S A - ; Alcatel CIT Polska Sp. z o. o. - Poznań Alstom Polska Sp. z o. o. - ; Alstom Konstal S.A. - Chorzów Baumann - Mostostal Montaż Sp. z o. o. - ; Altrad- Mostostal Sp. z o.o. - Siedlce AREVA T&D Sp. z o.o.- Zakład Transformatorów Mikołów - Mikołów; Areva T&D Sp. z o. o. - Świebodzice Arval Service Lease Polska Sp. z o. o. - Atofina Polska Sp. z o. o. - Leroy-Merlin Sp. z o. o. - ; Auchan Polska Sp. z o. o. Hipermarket - Piaseczno Sanofi Aventis Sp. z o. o. - Barry Callebaut Sp. z o. o. - Łódź Cefic Polska Sp. z o. o. - Destylarnia Sobieski S. A. - STAROGARD GDAŃSKI; Destylernia Polmos w Krakowie S. A. - Kraków; Fabryka Wódek Polmos Łańcut S.A. - Łańcut 18

20 of 15. Bergerat Monnoyeur SAS France France 16. Biofarma France France 17. BNP Paribas France France 18. Bonduelle France France 19. Bongrain France France tobacco tobacco 20. Bouygues France France Construction; 21. BSN Gervais Danone France France 22. BULL INTERNATIONAL SA France France 23. Bunge Investment France France France 24. Bureau Veritas France France 25. C.E.M.O.M. - MOATTI France France 26. Calyon Global Banking S.A. France France 27. Canal Plus Group France France 28. Capgemini S.A. France France 29. Cardif S.A. France France 30. Carrefour France France tobacco tobacco Other community, social personal service Wholesale trade commission trade, except of motor vehicles motorcycles; pharmaceuticals, medicinal s botanical Monetary Processing preserving of fruit vegetables; dairy Building of complete constructions or parts thereof; civil other food Other computer related vegetable animal oils fats; Technical testing analysis; cutlery, tools general hardware; Monetary Radio television Legal, accounting, book-keeping auditing tax consultancy; market research public opinion polling; management consultancy; holdings; Insurance pension funding, except compulsory social security; Retail sale in nonspecialized stores; Bergerat Monnoyeur Sp. z o. o. - Łomianki Servier Polska Sp. z o. o. - ; Anpharm Przedsiębiorstwo Farmaceutyczne S.A. - BNP Paribas S.A. Oddział w Polsce - ; BNP Paribas Lease Group Sp. z o. o. - Bonduelle Polska Zakład produkcyjny Gniewkowo - Gniewkowo Mleczarnia Turek - Turek Bouygues Polska S.A. - Danone Polska Sp. z o. o. - ; Bakoma S.A. - ; Zorina Sp. z.o.o. - Kutno; Nutricia Polska Sp. z o. o. - Opole AMG NET S A - Łódź Zakłady Tłuszczowe Kruszwica S.A. - Kruszwica Bureau Veritas - Hachette Livre - Calyon bank Oddział Polska S.A. - Canal Plus Cyfrowy Sp. z o. o. - Nearshore Center - Wrocław; Capgemini Polska Sp. z o. o. - ; Capgemini Polska BPO Center (odział) - Kraków; Capgemini Polska Sp. z o.o. Biuro we Wrocławiu - Wrocław Towarzystwo Ubezpieczeń na Życie CARDIF Polska S.A. - ; Pocztylion- Arka Powszechne Towarzystwo Emerytalne S.A. - ; Cardif Polska S.A. - Carrefour Polska Sp. z o. o. - 19

21 of 31. Casino France France 32. Casino Group France France 33. Cegedim Dendrite Group France France 34. Cetelem S.A. France France 35. CF Gomma Barre Thomas France France 36. Chantelle S.A. France France 37. Clement France France fabrics textiles; 38. Colas S.A. France France Construction; 39. Conforama Holding France France 40. Coplan S.A.R.L. France France Construction; 41. Credit Agricole France France 42. Creuzet Aeronautique S.A. France France 43. Dalkia Termika S.A. France France 44. Decathlon S.A. France France 45. Delifrance France France 46. Docks de France France France 47. DTP Holding France France Electricity, gas water supply; Electricity, gas water supply; tobacco Retail sale in nonspecialized stores; Letting of own property; Miscellaneous activities n.e.c.; Other financial rubber other wearing apparel accessories; Cargo hling storage; Building of complete constructions or parts thereof; civil Other retail sale of new goods in specialized stores; Building of complete constructions or parts thereof; civil Monetary Other financial equipment n.e.c.; gas; distribution of gaseous fuels through mains; Steam hot water supply; Other retail sale of new goods in specialized stores; grain mill products, starches starch Retail sale in nonspecialized stores; plastic Geant Polska Sp. z o. o. - Karolinka Opole - Opole CEGEDIM POLAND Sp. z o. o. - Cetelem Polska Expansion S.A. - ; Cetelem Bank S.A. - CF Gomma Polska Sp. z o. o. - Częstochowa Starfam Sp. z o. o. - Starachowice Clement Polska Sp. z o. o. - Łódź Colas Kruszywa Sp. z o. o. - Palędzie; Colas Polska Sp. z o. o. - Palędzie Conforama Polska Sp. z o. o. - Coplan Polska Sp. z o.o. - LUKAS SA - Grupa Kapitałowa - Wrocław; Europejski Fundusz Leasingowy S.A. - Wrocław Creuzet Polska Sp. z o.o. - Sędziszów Małopolski Zielonogórska Energetyka Cieplna Sp. z o. o. - Zielona Góra; Dalkia Poznań Zespół Elektrociepłowni - Poznań; Dalkia Polska S.A. - ; Dalkia Facility Management Sp. z o. o.12/14 lok 43 - ; Dalkia Poznań S.A. - Poznań Decathlon Sp. z o. o. - DELIFRANCE POLSKA LOGISTICS Sp. z o.o. - Słubice PHU Robert Sp. z o. o. - DELTAPLAST POLAND - Piaseczno 20

22 of 48. E. Leclerc France France 49. Eiffage Construction France France Construction; 50. Electricite de France Internationale (EDF) France France 51. Erhard Rothgangl France France 52. Essilor International France France 53. Eurodec Industries France France 54. Eurovia International France France 55. Faure Machet (FM) Logistic S.A. France France 56. Faurecia Investments France France 57. Fenice S.p.A France Italy 58. Feu Vert S.A. France France 59. FM Logisitc France France 60. France Telecom France France 61. GEMPLUS S.A. France France Electricity, gas water supply; Electricity, gas water supply; Electricity, gas water supply; Retail sale in nonspecialized stores; Building of complete constructions or parts thereof; civil Steam hot water supply; Production distribution of electricity; other general purpose machinery; E.Leclerc Polska Galec Sp. z o.o - Eiffage Mitex S.A. - Zespół Elektrociepłowni Wrocławskich KOGENERACJA S.A. - Wrocław; Toruńska Energetyka Cergia S.A. - Toruń; Fenice Pol Sp. z o o - Bielsko-Biała; Elektrociepłownie Wybrzeże S.A. - Gdańśk; Elektrociepłownia Kraków S.A. - Kraków; EDF Polska Sp. z o. o. - ; Elektrownia Rybnik S.A - Rybnik Rewa Sp. z o.o. - Wola Rafałowska Essilor Polonia Sp. z o. o. - ; Essilor Optical Laboratory glass Polska Sp. z o. o. - glass Forging, pressing, stamping roll forming of metal; Poldec Sp. z o. o. - powder metallurgy; Radom intermediation, except insurance pension funding; Other l ; parts accessories for motor vehicles Production distribution of electricity; Sale of motor vehicles; Eurovia Polska S.A. - Bielsko-Biała Silesia Sp. z o. o. - Gliwice; FM Polska Sp. z o. o. - Mszczonów; FM Mazovia Sp. z o. o. - Tomaszów Mazowiecki Faurecia Wałbrzych Sp. z o. o. - Wałbrzych; Faurecia Fotele Samochodowe Sp. z o. o. - Grójec EC Fenice Pol Sp. z o.o. - Rzeszów Feu Vert Polska Sp. z o. o. - ; Feu Vert Car Service Polska Sp. z o.o. - Cargo hling storage; FM Logistic - Ujazd Telekomunikacja Polska S.A. Centrum Badawczo-Rozwojowe - ; Telekomunikacja Polska S.A. - ; Sofrecom - ; PTK Centertel Sp. z o. o. - ; France Telecom Polska - ; Equant Communications Pol Telecommunications; Sp. z o. o. - electronic valves tubes other Gemplus Sp. z o. o. - electronic ; Gemalto components; Sp. z o. o. - Tczew 21

23 of 62. Geopost Group France France 63. Global Closure Systems France France 64. Go Sport France France 65. Groupe CAT France France 66. Groupe CEMOI France France tobacco 67. Groupe Coplan SA France France Construction; pulp paper, publishing 68. HACHETTE LIVRE S.A. France France pulp paper, publishing 69. HACHETTE LIVRE S.A. France France furniture 70. Hamelin Group France France consumer 71. HAVAS SA France France 72. Hispano Suiza France France 73. Hutchinson S.A. France France 74. Inergy Automotive Systems France France 75. Intermarche France France 76. International Ducatel Development France France 77. Klepierre S.A. France France 78. L'Oreal SA France France fabrics Post courier plastic Other retail sale of new goods in specialized stores; Other l ; other food Building of complete constructions or parts thereof; civil Publishing; Publishing; Miscellaneous manufacturing n.e.c.; Advertising; aircraft spacecraft; rubber rubber Retail sale of food, beverages tobacco in specialized stores; Retail sale of pharmaceutical medical goods, cosmetic toilet articles; DPD Polska Sp. z o.o. - Zeller Plastik Polska Sp. z.o.o. - Wola Rębkowska Go Sport Polska Sp. z o. o. - CAT LC Polska Sp. z o.o. - Duchnice PPC Gryf S.A. - Szczecin Coplan Polska Sp. z o.o. - Hubert Burda Media - Hachette Livre - Bantex Pol Sp. z o. o. - Błonie Euro Rscg Sp. z o. o. - Hispano Suiza Polska Sp. z o. o. - Sędziszów Małopolski Hutchinson Pol Sp. z.o.o. - Łódź; Hutchinson Pol Sp. z o. o. - Żywiec Inergy Automotive Systems Pol Sp. z o. o. - Lublin ITM Polska Sp. z o. o. - Poznań textiles; Textile weaving; Poltex W - Łódź Real estate activities with own property; soap detergents, cleaning polishing preparations, perfumes toilet preparations; SeGeCe Polska Sp.z o.o - ; Sadyba Centre S.A - ; Ruda Śląska Plaza Sp. z o. o. - Ruda Śląska; Klepierre Poznań Sp. z o. o. - ; Klepierre Kraków Sp. z o. o. - ; Klepierre Galeria Kraków sp.zoo - Kraków; Klepier Galeria Poznań Sp. z o. o. - Poznań L'Oreal Polska Sp. z o. o. - ; Kosmepol L'Oreal Sp. z o. o. - Otrębusy 22

24 of 79. La Fourmi France France 80. LACTALIS France France 81. Lafarge France France 82. LDC France France 83. Lesaffre Group France France 84. LOUVRE HOTELS SAS France France 85. M2P Group S.A. France France 86. MacoPharma France France 87. Malteries Soufflet S.A. France France 88. Michel Marbot France France 89. NILEC S.A. France France 90. Onduline S.A. France France 91. OTOR France France 92. Pernod Ricard S.A France France 93. Peugeot France France 94. Plastiques Du Val de Loire France France 95. Provimi Holding BV France leather leather tobacco tobacco tobacco Hotels restaurants; tobacco tobacco pulp paper, publishing tobacco tobacco tobacco footwear; dairy articles of concrete, plaster cement; cement, lime plaster; Production, processing preserving of meat meat other food Hotels restaurants; electric motors, generators transformers; medical surgical equipment orthopaedic appliances; beverages; other food Retail sale in nonspecialized stores; plastic pulp, paper paperboard; Processing preserving of fruit vegetables; beverages; parts accessories for motor vehicles plastic prepared animal feeds; La Fourmi Polska Sp. z o. o. - Polser Sp. z o. o. - Siemiatycze; Lactalis Polska Sp. z o. o. - Lafarge Kruszywa Sp. z o.o. - ; Lafarge Gips Sp. z o.o. - ; Lafarge Cement Polska S.A. - ; Lafarge Beton Sp. z o.o. - ; Lafarge Cement S. A. - Małogoszcz; Lafarge Cement S. A. Cementownia Kujawy - Piechcin; Moniere Sp. z o. o. - Opole Drosed S.A. - SIEDLCE Lesaffre Polska S.A. - Wołczyn Hotele G.E. Polska Sp. z o. o. - Mikroma S.A. - Września Maco Pharma Polonia Sp. z o. o. - Wrocław Słodownia Soufflet Polska Sp. z o. o. - Poznań DANUTA S.A. - Wrocław Rzeszówdis Sp. z o.o. - Rzeszów Onduline Production Sp. z o. o. - Mielec Tektura Opakowania Papier S.A. - Tychy Wyborowa S.A. - Poznań; Agros Holding S.A. - Peugeot Polska Sp. z o. o. - Fabryka Plastików Pomerania Sp. z o. o. - Kwidzyń; Fabryka Plastików Gliwice Sp. z o. o. - Gliwice; Fabryka Plastików Kwidzyn Sp. z o. o. - Oddział w Kętrzynie - Kętrzyn Provimi-Rolimpex S.A. - ; Provimi- Rolimpex Odział Jarosław S.A. - Jarosław 23

25 of 96. Publicis Groupe SA France France 97. Regis Rouselle France France 98. Saint Louis Sucre International S.A.S. France France 99. Saint-Gobain France France 100. Sanofi-Aventis S.A. France France 101. SaurInternational France France 102. Schneider Electric France France 103. Seita France France 104. Sermo France France 105. Sical S.A. France France tobacco Other community, social personal service tobacco pulp paper, publishing Advertising; Other retail sale of new goods in specialized stores; other food other non-metallic mineral glass glass other non-metallic mineral pharmaceuticals, medicinal s botanical Sewage refuse disposal, sanitation similar electricity distribution control tobacco structural metal Treatment coating of metals; general mechanical articles of paper paperboard; Rowl Communications Sp. z o.o. - ; Publicis Sp. z o. o. - ; Leo Burnett Sp. z o. o. - ; G7 Sp. z o.o. - ELEKTROLAND Przedsiębiorstwo Wielobranżowe - Lublin; Brabork Sp. z o.o. - Śląska Spółka Cukrowa S.A. - Wrocław Tadmar Sp. z o.o. - Poznań; SAINT- GOBAIN CONSTRUCTION PRODUCTS POLSKA - Gliwice; Maxit - ; Saint- Gobain Weber Terranova Sp.z o.o. - Gdynia; Saint-Gobain Velimat Polska Sp. z o.o. - Gorlice; Saint-Gobain Sekurit Hanglas Polska - Dąbrowa Górnicza; Saint-Gobain Isover Polska - Gliwice; Saint- Gobain Glass Polska - Dąbrowa Górnicza; Saint-Gobain Euroveder - Żary; Saint-Gobain Dystrybucja Budowlana Sp. z o.o. - Wrocław; Saint-Gobain Autover Polska Sp.z o. o. - Łódź; Saint-Gobain Abrasives Sp. z o.o. - Koło; Pum Polska - ; Okfens Sp. z o. o. - Czeladź; Glaspol Sp. z o.o. - Olkusz; glaspol - Namysłów; Euroverlux Sp. z o.o. - Gniezno; Ecophon Saint - Gobain Sp. z o. o. - Piaseczno; Compagnie de Saint-Gobain - Sanofi-aventis Sp. z o.o. - ; Sanofi- Biocom Sp. z o.o. - Rzeszów Saur Neptun Gdańsk S.A. - Gdańsk Schneider Electric Polska Sp. z o. o - ; Schneider Electric Industries Polska Sp. z o.o. - Bukowno Altadis Polska S.A. - Radom ARRK Tooling Sermo Polska Sp. z o.o. - Bydgoszcz Rawibox S.A. - Rawicz 24

26 of 106. SII France France 107. SOCIETE BIC France France 108. Societe General Consumer Finance France France 109. Societe Generale S.A. France France 110. Societe Nationale D France France 111. Sodexho Group France France 112. Telediffusion de France International (TDF) France France 113. Thomson Tubes Displays S.A. France India 114. Total Fina ElF S.A. France France 115. Veolia Transport France France 116. Vetoquinol France France Data processing; SII Sp. z o.o. - Gdańsk furniture consumer Electricity, gas water supply; Hotels restaurants; 117. VINCI Construction France France Construction; 118. Vivendi Universal France France 1. Aareal Bank AG Germany Germany 2. Actaris Measurement Systems Germany Germany 3. Actebis Holding GmbH Germany Germany Germany Miscellaneous manufacturing n.e.c.; BIC Polska Sp. z o. o. - WARSZAWA Monetary Euro Bank SA - Wrocław Monetary Societe Generale S.A. - Elektrociepłownia Steam hot water Białystok S.A. - supply; Białystok Canteens Sodexho Polska catering; Sp. z o. o. - Telecommunications; television radio receivers, sound or video recording or reproducing apparatus associated Retail sale of automotive fuel; Other l ; pharmaceuticals, medicinal s botanical Building of complete constructions or parts thereof; civil Telecommunications; Legal, accounting, book-keeping auditing tax consultancy; market research public opinion polling; management consultancy; holdings; Sale of motor vehicles; Activities auxiliary to financial intermediation, except insurance pension funding; Wholesale trade commission trade, except of motor vehicles motorcycles; Wholesale trade commission trade, except of motor vehicles motorcycles; Polskie Sieci Nadawcze Sp. z o. o. - Thomson Multimedia Polska Sp. z o. o. - Piaseczno Total Polska Sp. z o. o. - PKS Connex Brzozów Sp. z o.o. - Brzozów; PKS Connex Łańcut Sp. z o.o. - Wola Dalsza; PKS Connex Mielec Sp. z o.o. - Mielec; PKS Connex Sanok Sp. z o.o. - Sanok; PKS Connex Sędziszów Sp. z o.o. - Sędziszów Małopolski Vetoquinol BIOWET Sp. z o. o. - Gorzów Wlpk Warbud S.A. - Elektrim S.A. - ; Carcom Sp. z o. o. - Aareal Service Polska Sp. z o.o. - Actaris Polska Sp. z o. o. - Kraków ABC Data Sp. z o. o. - 25