Annual report 2015

Železiarne Podbrezová a.s. Annual report 2015 Financial Investments and Other Ownership Interests as at 31 December 2015 Business Name Registered Office Invest- ment (in EUR ‘000) Share in Registered Capital Type of Own- ership Interest Consoli- dated STRATEGIC COMPANIES ŽĎAS, a.s. Žďár nad Sázavou, Czech Republic 23 435 100.00% Direct Yes Tále, a.s. Horná Lehota, Slovakia 16 394 96.51% Direct Yes MANUFACTURING COMPANIES ŽP EKO QELET a.s. Martin, Slovakia 26 925 66.27% Direct Yes Transformaciones Metalurgicas, S.A.U. (TRANSMESA) Barcelona, Spain 16 981 100.00% Direct Yes TAP Tubos de Acero de Precision, S.L.U. Barcelona, Spain - 100.00% Indirect Yes ŽIAROMAT a.s. Kalinovo, Slovakia 4 844 100.00% Direct Yes KBZ s.r.o. Košice, Slovakia 3 649 70.00% Direct Yes TS Plzeň a.s. Plzeň, Czech Republic - 100.00% Indirect Yes SALES & DISTRIBUTION COMPANIES PIPEX ITALIA S.p.A. Arona, Italy 320 85.00% Direct Yes Pipex Deutschland GmbH Mníchov, Germany 90 78.50% Direct & Indirect Yes SLOVRUR Sp. z o. o. Stalowa Wola, Poland 25 68.00% Direct Yes ZANINONI SLOVAKIA, s.r.o. Valaská, Slovakia 17 50.00% Direct Yes ŽĎAS SGS, GmbH Menden, Germany - 67.00% Indirect Yes Transmesa USA, Inc. Englewood Cliffs, NJ, U.S.A. - 100.00% Indirect Yes SERVICES ŽP – Gastroservis, s.r.o. Valaská, Slovakia 1 000 100.00% Direct Yes ŽP Informatika s.r.o. Podbrezová, Slovakia 830 100.00% Direct Yes ŽP Šport, a.s. Podbrezová, Slovakia 509 99.80% Direct Yes ŽP Bezpečnostné služby s.r.o. Podbrezová, Slovakia 200 100.00% Direct Yes ŽP Rehabilitácia s.r.o. Podbrezová, Slovakia 150 100.00% Direct Yes ŽP BYTOS, s.r.o. Podbrezová, Slovakia 70 100.00% Direct Yes ŽP VVC s.r.o. Podbrezová, Slovakia 33 100.00% Direct Yes OTHER EQUITY INTERESTS Nadácia Železiarne Podbrezová Podbrezová, Slovakia 7 100.00% Direct Yes STABILITA, d.d.s., a.s. Košice, Slovakia 94 5.17% Direct Not Hutnictví železa, a.s. Prague, Czech Republic 25 2.34% Direct Not Net book value of the investment in line with IFRS. The amount of contribution and the reported results of the companies in foreign currency presented in the report are converted using the exchange rate of the European Central Bank as at 31 December 2015. In November 2015, the Company sold all of its 85% of shares in its subsidiary Pipex (International) AG. In June 2015, the subsidiary Tále, a.s., issued 9 new shares subscribed by a shareholder outside the ŽP GROUP. As a result, the Company’s share decreased from 98.44% to 96.51% and the registered capital increased by EUR 299 thousand to EUR 15 236 thousand. 29 Report by the Board of Directors on Business Activities, Assets, and Financial Performance in 2015 and Information on the Business Plan