Ladies and Gentlemen,

Huta Stalowa Wola S.A. is a unique company: one which now returns to its’ roots. After years of transformations and painful sacrifice, we are becoming a modern company, a partner for the Polish State, proudly fulfilling its duties related to building national security.

The respect and recognition of Polish soldiers – generals and officers, as well as the ones of lower rank – is for us almost priceless. Basing on over 75 years of experience, we shape unique partnership. Our products, our industrial output, our business activity achieve high-level thanks to dialogue with the army. We have the courage to turn the most daring visions into practice. We have the courage to overcome barriers for innovations in heavy industry in order for our products to be at par with the achievements of global leaders.

Huta Stalowa Wola S.A. is a synonym of ethos built on honesty and respect for human beings and their dignity. We think about protection of the soldiers using our equipment on the battlefield, we think about honest use of the potential of our business partners, domestic and foreign; in all our activities we take maximum care of our staff so that the benefits of working for HSW S.A. would inspire satisfaction on many levels of personal development. Our clients can be certain that the offer of our company stands for reliability and effectiveness of our staff – satisfied citizens of the Republic of Poland, who through their work are now setting the tone for development of United Europe.

Huta Stalowa Wola SA, being a member of the Polish Armaments Group (PGZ), as the document setting out the framework for the Company’s activities and the source of its’ principles of corporate ethics, adopted this document, ie. “CODE OF ETHICS OF THE POLISH ARMAMENTS GROUP (PGZ).” The values stored in the Code are essential for our work, for the Company’s reputation and relationships that we build with our customers, employees, shareholders and local communities. The values provide the foundation on which we can build strong and accountable organization, whose primary mission, in addition to pursuing economic objectives, is the formation of Poland’s lasting, industrial and military security.