P.A. Nova S.A.- Gliwice

About the company P.A. NOVA S.A.

The history of P A NOVA starts with the year 1987, when a limited liability company Budoprojekt was set up. In 1990, with the participation of American and German capital, Budoprojekt established P.A. NOVA Ltd., in which it had its share majority. In the 1990s the foreign capital was purchased entirely by P.A. NOVA Ltd. shareholders.

A dynamic development of the company started in 1994, when PA NOVA became the main partner and contractor of DEA petrol stations concern. The cooperation between the two lasted until 2001, when the concern withdrew from the Polish market. During a seven-year period our company constructed 41 ready to operate petrol stations. We still draw on the experience we gained during that time. The company is constructing petrol stations for Statoil, Shell and Lotos concerns

Another important step of our rapid growth is year 2002 when we started our cooperation with commercial chains, and complex construction of commercial buildings. Our cooperation is both, developing ( gaining land estate, preparing investments in formal and legal terms, construction of commercial buildings and resale of real estate) and typical construction works. From 2002 till 2008 PA NOVA completed 25 commercial buildings. The main consignees of our investments are Kaufland, Tesco and Netto commercial chains. Apart from big international chains PA NOVA is also involved in the realization of public buildings for public institutions and individual consignees. It is worth noticing the schools and sports halls we have completed.

In 2006 the General Shareholders' Meeting made a decision of changing the company into a joint- stock company. The main aim of this transformation was to gain additional capital needed for the company's development. On the day of its registration, the seed capital was 500.00,00 zł. On the 19 th April 2007, the Issuer's share capital was registered in the National Register Court in the X Administrative Department of District Court in Gliwice. The share capital was raised to 5.500,00 zł by issuing shares of B and C series.

On 20 th June 2007, the Polish Financial Supervision Authority accepted the prospectus. The public offer was conducted on 6th to 12th July 2007. The shares were allotted on 13th July 2007.The authorization of shares on the Stock Exchange and the first quotation took place on 20th July 2007.

On 8th of August 2007, the raising of the share capital of the company to 8.000.000 zł was registered by District Court in Gliwice. The first Stock Exchange quotation was on 27th August 2007.

Our current strategy is to make good use of project and realization departments while realizing building investments. It is also based on the experience of both, the company's employees - of the board and executive management level, and the one gained during our previous works. It is worth noticing that most of our management personnel have been employed in our company since the mid 90's.

In order to raise its competitiveness on the market of project and construction services, the quality management system was introduced in our company. The process was conducted according to ISO 9001:2000, which was confirmed by TUV Rheinland certificate allotted in 2004. The implemented system of quality management according to ISO 9001:2000 norm allowed to enhance our company's reputation and to expand the market of our services.