Current report no.5/2008

Subject: Issue of individual subscription warrants, issue B

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

Report content:

Relating to the resolution passed at the Company’s Extraordinary General Meeting of Shareholders concerning changes in the Company’s Statute by adding § 11a on rising the Company’s stock capital within limits of the  target capital (Current report no.48/2007 from 28th December 2007) LSI Software’s Board wishes to inform that due to registration of changes in the statute with the City Court of Łódź Śródmieście, XX Department of the National Court Register and in connection with a resolution of the Board of Supervisors from 30th January 2008 concerning the agreement on total abridging the shareholders so far of purchase rights for individual subscription warrants, issue B, and the shares of the new issue J, moreover setting the issue price for shares, issue J, by the Company Board as well as giving shares out in exchange for gratuitous investments, the Board passed the following resolutions:

·     Resolution no. 1/2008 from 31^st January 2008 r. concerning: the issue of individual subscription warrants, issue B, in amount no less than 193,726 (one hundred and three thousand seven hundred and twenty six) shares, the issue will be directed to two investors being natural persons (holders of individual warrants, issue B) – Andrzej Ziółkowski and Piotra Żychski (investors) – former shareholders of Softech Co., Ltd. with headquarters in  Kołobrzeg, in possession of liabilities due to sale of shares Softech Co., Ltd. purchased by LSI Software S.C. Assumption of subscription warrants, issue B, will take place with filing of the offer by the Company and its acceptance by the designated addressees

·         Resolution no. 2 concerning: rising stock capital within limits determined by the target capital by the issue of common shares to the bearer, issue J, simultaneously abridging the shareholders so far of purchase rights for the new shares

·         Resolution no. 3/2008 concerning: allotment of individual subscription warrants, issue B, for shareholders indicated in resolution no. 1/2008 from 31^st January 2008.

Today the Board of LSI Software S.C. conducted an allotment of warrants to Andrzej Ziółkowski and Piotr Żychski.