Business year 2009/2010

In business year 2009/2010 (01.07.2009 - 30.06.2010) HELIO S.A. applies all of the rules of “The Best Practices of WSE Listed Companies”.

Business year 2008/2009

In business year 2008/2009 (01.07.2008 - 30.06.2009) HELIO S.A. applied all of the rules of “The Best Practices of WSE Listed Companies” , excluding fragmentary departure from Principle I.1. Though in the business year 2008/2009 the Company pursued a transparent and effective information policy, including active actions undertaken within investors relations under the Liquidity Support Programme, the Issuer departed from transmission of enable on-line broadcasts of General Meetings and over the Internet, as well as record General Meetings of Shareholders, and publish the recordings on the Company website. Significant costs connected with the referred transmissions in comparison with the Company’s size were the reason for such departure. In the nearest future the Company does not assume to arrange such transmissions.

The report concerning application of rules of Corporate Governance in business year 2008/2009 was published on 2^nd November 2009 (below).

Business year 2007/2008

Due to the new rules of Corporate Governance (“The Best Practices of WSE Listed  Companies”) had entered into force since 1 January 2008,  in financial year 2007/2008 (01.07.2007 – 30.06.2008) HELIO S.A. applied rules  of Corporate Governance in the following way:
- to  31 December 2007 according to issued “The Best Practices 2005” statement,
- since 1 January 2008 according to all of the rules of “The Best Practices of WSE Listed Companies”.

The report concerning application of rules of Corporate Governance in business year 2007/2008 was published on 25^th November 2008 (below).

Reports concerning the CG are below