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Prospectus of Work Service approved

21.11.2011

On 17 November 2011 the Polish Financial Supervision Authority approved the Prospectus of Work Service S.A. in relation to the initial public offering of shares and the intention to apply for their admission to trading at the Warsaw Stock Exchange. The largest company operating in the personnel services sector in Poland will be the first HR company listed on the WSE.

Under the initial public offering, Work Service S.A. plans to offer 20 million shares for taking up, constituting up to 32.41% of shares in the Company. The underwriter is Dom Maklerski IDM, and the advisor during the whole process is Ipopema Securities.

The decision to approve our Prospectus is great news for the whole HR sector in Poland. Listing the largest representative of this industry on the Warsaw trading floor will allow for consolidation and strong development of the Polish market which is deeply divided - comments Tomasz Hanczarek, President of the Management Board of Work Service S.A. Due to planned acquisition of capital from the Stock Exchange, we will continue purchasing entities specializing in HR outsourcing aiming at positioning ourselves as the Polish leader of this segment in the Central and Eastern Europe - adds Tomasz Hanczarek.

Our company is developing faster each year, which would not be possible without dynamic expansion of the personnel services market and increasing demand for flexible forms of employment. In recent months ever more entrepreneurs contact us asking for assistance and consultancy, searching for innovative HR solutions which would enable them to adjust their businesses and cost level to changing market environment - says Dariusz Rochman, Vice President of the Management Board of Work Service S.A.

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