Untitled - Ernst & Young

Our Polish roots date back to 1933–1939when Ernst & Young’s British predecessor,Whinney, Murray & Co provided advisoryservices in Warsaw. As Ernst & Young wehave been operating in Poland since 1990.As a result of a merger with the Andersenteam, Ernst & Young in Poland has becomethe largest advisory firm on the Polishmarket. We employ more than 1,200professional advisors and auditors workingin five offices in Warsaw, Katowice, Cracow,Poznan and Wroclaw.When working with our corporate clientsand entrepreneurs we not only evaluatethe current status, but we also offerbeneficial strategies for doing business.Our goal is to prepare firms to facethe changing market reality and fiscalregulations so that our clients mayachieve a competitive edge on a domesticand international scale.We offer services in the following areas:assurance, business advisory services, taxadvisory services, transaction advisoryservices, grants and investments advisoryservices, accounting, training and realestate advisory services.... and in Polandmore than 1200 employees5 offices in PolandPoznanWarsawWroclawKatowiceCracow

Ernst & Young initiativesRegional Business ForumsFor four years now we have been organizing conferences in Poland’s major citiesunder the Regional Business Forum series. These forums provide an opportunityto engage in a public debate on the strengths and weaknesses of the Polish regions.Not only do we aim to present Poland as an attractive business location, but we alsowant to identify what conditions should be met to maintain the country’s economicdevelopment. The purpose of the Forum is to promote the spirit of entrepreneurshipin Poland, both individual and corporate. We support the local entrepreneurshipby looking for the best solutions for the region.www.ey.com/pl/foraBetter GovernmentThe mission of the programme is to initiate and support activities leading to the improvementof the functioning of public institutions in Poland. Better Government is a project focusedon the management of public funds, human resources, law making and judicial processes.Through the Better Government programme, Ernst & Young is participating in the publicdebate on public sector reform in Poland. We are achieving this through the followinginitiatives:• holding annual grant research competitions,• publishing reports and holding public debates and seminars,• cooperating with the London School of Economics and Political Science(Central European Observatory).We believe that Better Government programme is a valuable contribution to the debateon the condition of the state, building a strong base to achieve constructive solutionsin the near future.www.bettergovernment.plACCA programme*ACCA Qualifications (Association of Chartered Certified Accountants) are of high esteemby employers. Poland has more than 900 ACCA members. Ernst & Young in cooperationwith the Warsaw School of Economics has launched the ‘SGH and Ernst & Young Programin Management and Finance’ which gives the successful students both the SGH Diplomaand the ACCA qualification. Its comprehensive curriculum places a particular emphasis onfinance management skills. Students gain advanced knowledge of International FinancialReporting Standards (IFRS) and Polish commercial and tax law. They also learn how to makemanagerial decisions while mastering audit and financial strategies. The qualifications theygain equip them with the skills needed in decision-making processes of every firm. This is thefirst time in Europe that a program offers students the possibility to acquire a professionalqualification and thus make a huge step in their professional career before leaving university.Top graduates of this programme have the possibility of employment at Ernst & Young.www.ey.com/pl/kariera_programACCA* Ernst & Young Academy of Business has been granted Platinum Status, which is only conferred on the world’s besttraining providers.

Ernst & Young Entrepreneur of the YearErnst & Young Entrepreneur of the Year is the only internationalinitiative of this scale (more than 10 000 candidates) promotingthe world’s best entrepreneurs. It is organized by Ernst & Youngin more than 40 countries on 6 continents. In all these locationsthe program logo is a certificate of prestige and the highest quality.Every year in May the international finals of the competition areheld in Monte Carlo. Polish edition of the program was launchedin 2003. Today, it is one of the most renowned initiativesencouraging the development of entrepreneurial spirit.Year after year, we observe an increasing number of entrepreneurscompeting for the title of Entrepreneur of the Year. The winnerof the program then represents our country in the internationalfinals. The purpose of this program is to distinguish accomplishedand innovative entrepreneurs who are guided by professionalethics and corporate governance in their work. The program’srules are transparent and uniform across the globe. The finalistsand the winners are selected by an independent jury consistingof outstanding business experts. The criteria are set so as to giveentrepreneurs from all over the world an equal chance of winning.Program winners are given a unique opportunity to establishinternational contacts, gain access to Ernst & Young’s knowledgeresources, generate coverage in the opinion-making media andstrengthen the positive image of their company.www.ey.com/pl/eoy

Ernst & Young in PolandAssurancewww.ey.com/pl/audytWe audit financial statements prepared in accordance with Polish Accounting Standards(Polish GAAP), in accordance with standards issued by the International AccountingStandards Board (International Financial Reporting Standards or IFRSs), or generallyaccepted accounting principles in the United States (US GAAP). We provide assistanceto the companies that wish to prepare their financial statements in accordance withthe EU regulations, especially those involved in transactions on capital marketsat home and abroad.Jacek Hryniukphone: (22) 557 75 13jacek.hryniuk@pl.ey.comBusiness Advisory Services www.ey.com/pl/advisoryWe help our clients solve their business problems. We demonstrate how to improve theiractivities according to the best worldwide standards, how to adjust to legal requirementsand how to gain competitive advantage.We provide services in the following areas: financial or business risk management, financialadvisory, performance and financial management. We advice our clients on fraudmanagement, financial management, technology, and customer relationship management.Łukasz Zalickiphone: (22) 557 72 08lukasz.zalicki@pl.ey.comTax Services www.ey.com/pl/taxOur tax advisors help clients minimize their tax burdens. We offer services coveringcorporate and personal income tax, international taxes, VAT, customs and excise, socialsecurity, investment strategies, transfer pricing, litigation and financial solutions.Jacek Kędziorphone: (22) 557 72 84jacek.kedzior@pl.ey.com

Grants and Incentives Advisory Serviceswww.ey.com/pl/giaWe identify the available sources of co-financing for investments and we provide assistancein the process of applying for financial support. We support our clients in negotiationsto secure state aid from the national government and its agencies. We advise businessesapplying for co-financing of new investments under the European Union structural fundsand for CIT exemptions in special economic zones.Agnieszka Tałasiewiczphone: (22) 557 72 75agnieszka.talasiewicz@pl.ey.comTransaction Advisory Services www.ey.com/pl/tasBrendan O’Mahonyphone: (22) 557 66 33brendan.o’mahony@pl.ey.comThe core of our business is due diligence, where we service both the buy side and sellside. We carry out independent valuations and prepare sensitivity analyses; in particular,business and investment project profitability analyses. We help assess business decisions toensure they meet the planned strategic objectives and we supervise their implementation.Our team also excels in the area of Purchase Price Allocation and impairment issues.We offer merger and acquisition assistance, through our ability to execute projects fromorigination. Our credentials in this area also reflect buy side and sell side support. Last,but not least, we support our clients in restructuring and reorganisation processes.Accounting and Payroll Services www.ey.com/pl/asWe provide accounting services and calculate payrolls. We use the latest technology(Global Integrator and e-room) to communicate with our clients. Thanks to a secure toolAccounting Online the financial data and payroll information we generate is availableto our clients wherever they are.Marcin Jurczakphone: (22) 557 65 04marcin.jurczak@pl.ey.comAcademy of Business www.ey.com.pl/academyofbusinessWe offer our clients courses preparing them for examinations for international professionalorganizations, multi-stage training programmes, short-term training sessions to expandtheir knowledge in a specific area as well as financial and managerial training. Togetherwith the Warsaw School of Economics we run post-graduate studies on IFRS and internalaudit for large public companies. All our courses are run by the best business practitionerswho convey the knowledge and experience they have gained over many years of theirprofessional career.Marinos Athanassiouphone: (22) 579 80 00marinos.athanassiou@pl.ey.com

Ernst & Young in Poland – IndustriesFinancial ServicesTelecommunicationsIwona Kozeraphone: (22) 557 74 80iwona.kozera@pl.ey.comOur Financial ServicesGroup consists of more than160 professional advisors.We combine the overall knowledgeof business trends with the specificknowledge of financial institutions.In addition to implementing advisoryprojects, we offer services inauditing financial statements.Marek Józefiakphone: (22) 557 62 63marek.jozefiak@pl.ey.comOur TelecommunicationsGroup provides servicesin the most strategic areas oftelecommunications sector,from cost analysis of productsand services to regulatoryadvisory services and the supportin complying with regulatoryrequirements.EnergyAutomotivePiotr Pielaphone: (22) 557 77 06piotr.piela@pl.ey.comOur Energy Sector Group bringstogether experts equipped withlocal and international experiencein working for energy and fuelsector firms. Our wide knowledgeof the Polish power and fuelmarket and our cooperationwith an international team ofexperts enable us to providetruly comprehensive servicesto energy companies.Leszek Lerchphone: (32) 760 77 40leszek.lerch@pl.ey.comOur Automotive Group includesover 100 professionals who combinethe knowledge of business trendswith expertise in the particularareas of the automotive industry.We have many years of experiencein advisory projects conductedfor the largest firms in the motorindustry. Ernst & Young is a globalleader in auditing financialstatements for this sector.James Foleyphone: (22) 557 78 92james.foley@pl.ey.comReal EstateOur Real Estate Group offersa full range of advisory servicesfor all types of investments inthe following sectors: offices, trade,hotels, entertainment facilities,residential real estate, industrialreal estate and agricultural realestate. Our experts combine theknowledge of tax, accounting,assurance and financial advisoryareas with the profound knowledgeof real estate market.Krzysztof Rybińskiphone: (22) 557 75 21krzysztof.rybinski@pl.ey.comEconomic StrategyTeamOur Economic Strategy Teamlends substantial support to allErnst & Young business divisions.This team of experts prepareseconomic and regulatory analyseson a broad spectrum of topics.They also engage in Ernst & YoungBetter Government program thathas been run for the last three yearsin order to support enhancing thequality of Polish public institutions.

Ernst & YoungAssurance | Tax | Transactions | AdvisoryWarsaw00-124 Warszawa, Rondo ONZ 1Phone: +48 (22) 557 70 00Fax: +48 (22) 557 70 01Katowice40-121 Katowice, ul. Chorzowska 50Phone: +48 (32) 760 77 00Fax: +48 (32) 760 77 10Carcow31-123 Kraków, ul. Krupnicza 3Phone: +48 (12) 424 32 00Fax: +48 (12) 424 32 01Poznan61-894 Poznań, Pl. Andersa 3Phone: +48 (61) 856 29 00Fax: +48 (61) 856 30 00Wroclaw50-063 Wrocław, Pl. Solny 20Phone: +48 (71) 375 10 00Fax: +48 (71) 375 10 10www.ey.com/pl© 2008 EYGM Limited.All Rights Reserved.