Current report no.17/2008

Subject: Closure of individual subscription of shares to the bearer, issue J; change of the Company’s Statute

Legal basis: Article 56 of Section 1 item 2 Public offer Section – current and periodical information

Report content:

Relating to report no. 16/2008 from 29^th April 2008 LSI Software’s Board wishes to inform that on 29^th April 2008 it verified assumption and payment of all 193,726 (one hundred and three thousand seven hundred and twenty six) common shares to the bearer, issue J, issued according to Board Resolution no. 6/2008 from 24^th April 2008 concerning rise of the stock capital within limits determined by the target capital by issue of common shares to the bearer, issue J, at the same time abridging the shareholders so far of the purchase rights for the new share issue.

On 29^th April 2008 the Board passed a resolution on changing the Company’s Statute by replacing the content of § 10 section 1 of the Statute by the following:

„1. The Company’s stock capital amounts PLN 3,260,762 (three million two hundred sixty thousand seven hundred and seventy two polish Zloty) and consists of 3,260,762 (three million two hundred sixty thousand seven hundred and seventy two) shares with a nominal value of PLN 1.00 each, which under consideration of resolutions in section 2 are divided into:

1) 100,000 (one hundred thousand) individual shares, issue „A1”, numbered 000,001 to 100,000;

2) 100,000 (one hundred thousand) individual shares, issue „A2”, numbered 100,001 to 200,000;

3) 100,000 (one hundred thousand) individual shares, issue „A3”, numbered 200,001 to 300,000;

4) 100,000 (one hundred thousand) individual shares, issue „A4”, numbered 300,001 to 400,000;

5) 100,000 (one hundred thousand) individual shares, issue „A5”, numbered 400,001 to 500,000;

6) 100,000 (one hundred thousand) individual shares, issue „A6”, numbered 500,001 to 600,000;

7) 100,000 (one hundred thousand) individual shares, issue „B1”, numbered 600,001 to 700,000;

8) 100,000 (one hundred thousand) individual shares, issue „B2”, numbered 700,001 to 800,000;

9) 102,680 (one hundred and two thousand six hundred and eighty) individual shares, issue „B3” numbered 800,001 to 902,680;

10) 97, 320 (ninety seven thousand three hundred and twenty) ) individual shares, issue „B4”  numbered 902,681 to 1,000,000;

11) 46,000 (forty six thousand) individual shares, issue „C1” numbered 1,000,001 to 1,046,000;

12) 3,000 (three thousand) shares to the bearer, issue „C2”;

13) 7,083 (seven thousand eighty three) shares to the bearer, issue „C3”;

14) 18,917 (eighteen thousand nine hundred and seventeen) shares to the bearer, issue „C4”;

15) 268,500 (two hundred sixty eight thousand five hundred) shares to the bearer, issue „D”;

16) 235,975 (two hundred thirty five thousand nine hundred and seventy five) common shares to the bearer, issue „E”;

17) 58.940 (fifty eight thousand nine hundred and forty) shares to the bearer, issue „F”;

18) 428.621 (four hundred and twenty eight thousand six hundred and twenty one) shares to the bearer, issue „G”;

19) no more than 300,000 (three hundred thousand) shares to the bearer, issue „H” issued within conditional rise of the stock capital, according to resolutions in § 10 section 2 of this Statute;

20) 1,000,000 (one million) shares to the bearer, issue I;

21) 193,726 (one hundred and ninety three thousand seven hundred and twenty six) shares to the bearer, issue J”.

Moreover the content of § 10 section 4 of the Company Statute has been removed and replaced with the following: 

„4. Shares of issues „C2”, „C3”, „C4”, „D”, „E”, „F”, „G”, „I” and „J” are not privileged.”