Report no. 115/2011

The Management Board of EMC Medical Institute SA ("the Company", " the Issuer") announces that on 30 November 2011  an updating statement No. 3 was passed to the Prospectus of the Issuer approved by the Financial Supervision Authority on 5 October 2011. Pursuant to the updating statement No. 3 changes in the schedule of public offering of  Series G shares have been presented in the Annex.

the Annex:
AN UPDATING STATEMENT NO 3
FOR THE PROSPECTUS OF EMC MEDICAL INSTITUTE
APPROVED BY THE FSA ON OCTOBER 5,2011
This updating statement has been made in relation to the update schedule of
Public Offering of Series G Shares. References to the pages refer to the contents of the Prospectus published on October 7, 2011, and stated on the website: http://www.emc-sa.pl/
and www.bossa.pl.

pages and  points  in the Prospectus    p. 19 (1.13)
p. 243 (5.1.3.1)

Was:

May 4, 2010    The date of setting pre-emptive rights

October 7, 2011 - immediately after approval of the Prospectus    The opening of the Public Offering of Series G Shares -Publication of the Company’s Prospectus

3 -17 November 2011    The acceptance of subscriptions for Series E shares not covered under  the Primary  Supplementary Subscriptions in the exercise of the preemptive rights

November 28, 2011    The allocation of the Offered Shares under the the preemptive rights

November 28, 2011    The closing of Public Offering (if in  the
implementation of the the preemptive rights all Series G Shares have been subscribed)

29 -30 November 2011    The accepting of  subscriptions for the Offered Shares not covered under the preemptive right

December 1, 2011    The allocation of the Offered Shares not covered in the course of the preemptive rights
December 1, 2011    The closing of Public Offering of Series G Shares

General premises and  framework dates for listing commencement of  preemptive rights on the Warsaw Stock Exchange are specified in the  Detailed Stock Trading Regulations and the Stock Exchange Regulations. Dates of preemptive right listing are determined and made public through the statement of the Management of the  Stock Exchange.

Is:
May 4, 2011    The date of setting the preemptive right
October 7, 2011 - immediately after the approval of the Prospectus    The opening of the Public Offering of Series G Shares -Publication of Prospectus of the Company

December 2, 2011    The publication of  the issue price

5 -16 December, 2011    The listing of preemptive rights

7 - 21 December 2011    The acceptance of subscriptions for Series E shares not covered under  the Primary  Supplementary Subscriptions in the exercise of the preemptive rights

January 3,2012    The allocation of the Offered Shares under the the preemptive rights
January 4,2012    The closing of Public Offering (if in  the implementation of the the preemptive rights all Series G Shares have been subscribed)

5-13 January    The acceptance of  subscriptions for the Offered Shares not covered under the preemptive right

January 16, 2012    The allocation of the Offered Shares not covered in the course of the preemptive rights
January 16, 2012    The closing of Public Offering of Series G Shares