Kety has reported that the AGM is to take place on May 11 in Kety’s main office. Among approving the company’s 2005 financial figures, the shareholders are also to vote on dividend payment. The management proposed that Kety pay out PLN 4 per share (42% payout) and we expect this amount to be approved. We reiterate our Sell rating on Kety with a fair value estimate at PLN 116.8 per share.