BROKERAGE COMMISSIONS AND FEES CHARGED BY DOM MAKLERSKI BOŚ SA

(valid since 1^st March 2002)

1. Opening of securities or cash accounts - free of charge.
2. Executing all types stock exchange orders involving securities:
   1. in the case of orders placed by telephone, facsimile or directly at DM BOŚ SA's branches: - 0.59% of the value of transaction (not less than PLN 5),
   2. in the case of orders transmitted via Stocks OnLine brokerage service - 0.40% of the value of transaction (not less than PLN 5),
3. Executing stock exchange orders involving bonds:
   1. in the case of orders placed by telephone, facsimile or directly at DM BOŚ SA's branches: - 0.35% of the value of transaction (not less than PLN 5),
   2. in the case of orders transmitted via Stocks OnLine brokerage service: - 0.29% of the value of transaction (not less than PLN 5),
4. Executing stock exchange orders involving NFI shares:
   1. in the case of orders placed by telephone, facsimile or directly at DM BOŚ SA's branches: - 0.49% of the value of transaction increased by registration fees charged by KDPW on each unit transaction,
   2. in the case of orders transmitted via Stocks OnLine brokerage service: - 0.39% of the value of transaction increased by registration fees charged by KDPW on each unit transaction.
5. Executing stock exchange orders involving rights issue (pre-emptive rights): 0.2% of the value of transaction, however, not less than PLN 5.
6. There are no maintenance fees for green package 1 Customers with monthly turnover exceeding PLN 6500 on basic account, or more than 10 contracts per month in futures account activity, otherwise we charge 19 PLN per month.
7. There are no maintenance fees for green package 3 Customers with monthly turnover exceeding PLN 25000 on basic account, or more than 20 contracts per month in futures account activity, otherwise we charge 69 PLN per month.
8. There are no maintenance fees for green package 5 Customers with monthly turnover exceeding PLN 50000 on basic account, or more than 40 contracts per month in futures account activity, otherwise we charge 149 PLN per month.
9. Fees charged in return for delivering by DM BOŚ SA extra hardware security in the case of concluding contracts authorising the Client to place stock exchange orders via Stocks OnLine service - PLN 200.
10. The President of DM BOŚ SA is authorised to periodically suspend or to reduce payments defined in pp. 6, 7, 8, 9 hereof, on grounds of promotional campaigns carried out by DM BOŚ SA.
11. Commission fees specified in pp. 2-9 are negotiable.
12. DM BOŚ may increase its Client commission fees by operating fees charged by KDPW, provided that the Client's transaction has been subdivided into a number of unit transactions.
13. Shares portfolio transactions - commission fees are negotiable.
14. Depositing of securities - commission fees are negotiable in the case of those Clients whose securities' deposits at DM's securities account amounts to more than PLN 1 000 000 and whose monthly turnover has not exceeded 10% of value of securities deposited on the account.
15. Participation in a stock market session at some other venues than quotation rooms opened to general public - negotiable commission fees.
16. Blocking of securities for the General Meeting of Shareholders - negotiable commission fees (charged on securities deposited at the account of the sponsor of the shares issue).
17. Preparation of historical statements of securities or cash accounts - PLN 10. The payment is charged only in case if the historical statement of the securities account (financial account) refers back to the period earlier than 3 months before the day when such order is placed.
18. Securities' transfer - PLN 10 per each security.
19. International cash transfers - charges depending on actual costs incurred by the bank.
20. Powers of Attorney granted in connection with Client's activities performed at DM - i.e. stamp duty reimbursement - currently PLN 15 per each Power of Attorney.
21. Sending notices and communications concerning the Client's activities at DM - charges depending on actually incurred costs, however not lower than PLN 3 per communication.
22. Transfer of ownership in the case of securities based on a civil law contract /amount charged on grounds of executing the contract/ - PLN 100
23. Other brokerage activities - negotiable commission charges.

BROKERAGE COMMISSIONS AND FEES CHARGED BY DOM MAKLERSKI BOŚ SA IN THE CASE OF EXCHANGE ORDERS INCLUDING DERIVATIVES
(valid since 1 March 2002)

1. Signing of the Brokerage Agreement concerning trading in derivatives with Dom Maklerski BOŚ - free of charge.

2. Executing of stock exchange transactions involving futures contracts:

a) in the case of orders placed by telephone, facsimile or directly at DM BOŚ SA's branches: - PLN 19 per each contract,

b) in the case of orders transmitted via Stocks OnLine service: - PLN 15 per each contract.

3. Final settlement of the expired futures contract:

a) in the case of accounts settled via Stocks OnLine service: - PLN 15 per each contract,

b) other accounts - PLN 19.

4. Stock exchange orders including warrants- charges as in the case of share market.

5. Historical statement of account - PLN 10 - the fee does not apply in the case of historical statements of account supplied via Stocks OnLine service.

6. Commission fees and charges specified in pp. 2 - 4 hereof are negotiable.

7. Sending notices and communications concerning the Client's activities at DM - charges depending on actually incurred costs, however not lower than PLN 3 per communication.

---