The Management Board of AMBRA S.A. declares and represents that it is aware of the contents of Corporate Order Principles binding upon companies listed on the Warsaw Stock Exchange. Pursuant to Resolution No. 7 of 21st December 2004 the Supervisory Board approved the Corporate Order Principles, and obliged the Management Board to implement them.

Until 31st December 2007 the Company was bound by the regulations set out in the "2005 Good Practices of Public Companies" adopted by the Good Practices Committee of the Corporate Governance Forum, and starting on 1st January 2008 the Company became subject to the "Good Practices of Companies Listed on the Stock exchange", adopted under resolution no. 12/1170/2007 of the Stock Exchange Board on 4th July 2007.

As far as the regulations set out by the Good Practices Committee of the Corporate Governance Forum are concerned, the Management Board of AMBRA S.A. declares and represents that these regulations were adhered to by the Company to the extent specified in individual current reports submitted by the Company.

The Management Board of AMBRA S.A. also declares and represents that the new regulations, which have been in force since 1st January 2008 are being adhered to by the Company or will be applied in specific situations to which they relate. This particularly relates to the Good Practices concerning the functioning of Supervisory Board and general Meeting of Shareholders, which in the case of AMBRA S.A. always takes place at the end of December, and its tasks include consideration and approval of previous year's statements.

In accordance with the "comply or explain" principle the Management Board of AMBRA S.A. will provide you with information (in the form of current report) about instances of failure to abide by the regulations set out in the "Good Practices".