2 July 2001
I the undersigned, as the Chairman of the Board of Directors of ZALAKERAMIA Rt.
(8900 Zalaegerszeg, Kosztolanyi D. ter 6., Hungary), in accordance with the
extraordinary reporting obligations stated in Section 50 para (1) of the Act on
securities, announce that the Company held an Extraordinary General Meeting on
29th June, 2001.
The Shareholders' meeting approved the consolidated financial statements for the
business year of 2000 of the Company prepared in accordance with the Hungarian
Accounting Standards (Resolution no. 1/2001. (VI.29.)). The consolidated
financial statements include a balance sheet total of HUF 30,781,359 th, a
shareholders' equity of HUF 14,741,208 th, a profit/loss before tax of
HUF -579,317 th, a profit/loss after tax of HUF -1,614,085 th and a balance
sheet profit/loss of HUF -1,614,085 th (loss).
The Shareholders' Meeting terminated by recall the appointment of the Company's
auditors, Ernst & Young Vezetesi es Tanacsado Kft. (1132 Budapest, Vaci ut 20.;
registered under no.: 01-09-267553;
Chamber of Auditors registration no.: 001165) with effect from June 29, 2001
(resolution no. 2/2001.(VI:29.) and then appointed Deloitte & Touche
Konyvvizsgalo es Tanacsado Kft. (1051 Budapest, Nador u. 21; registered under
no. 01-09-071057, Chamber of Auditors registration no.: 000083) as auditors of
the Company for the period until the date of approval of the Company's
consolidated financial statements for the business year of 2005 but to not more
than June 29, 2006 and approved the appointment of Mr. Zsolt Demeter, chartered
accountant (1121 Budapest, Martonhegyi ut 31., mother's name: Katalin Mozsar,
Chamber of Auditors registration no.: 003126) as an auditor in charge acting on
behalf of Deloitte & Touche Konyvvizsgalo es Tanacsado Kft. (resolutions no. 3
to 4/2001, (VI.29.).
The Shareholders' Meeting determined the remuneration of the Company's new
auditors in the amount of HUF 12,000,000 plus VAT per annum (resolution no.
Finally, the Shareholders' Meeting determined the new wording of section 23.2 of
the Articles of Association referring to the share capital increase made within
the power of the Board of Directors, stating that the Articles of Association of
the Company authorize the Board of Directors for a five-year period starting
from June 29, 2001 to increase the share capital of the Company by issuing
2,500,000 new ordinary shares of a face value of HUF 1,000 each, i.e. by HUF
2,500,000,000 (two billion five hundred million) with the proviso that this
authorization is for an increase by not more than 25% of the share capital per
annum ( resolution no. 6/2001. (VI.29.)).
Chairman of the Board of Directors
of ZALAKERAMIA Rt.