Yesterday, WSiP’s supervisory board debated the Group’s strategy proposed by new CEO, Boguslaw Dabrowski. However, only the part of the strategy regarding: distribution, marketing and trade activities was accepted by the supervisory board. The most important part, regarding WSiP’s core activities, i.e. handbook publishing was not accepted, as the supervisory board found gaps and inconsistencies in the document prepared by the management. This part of the strategy is to be discussed after amendments at the beginning of February 2005. We believe this news about WSiP still (over one year after floatation) lacking a strategy should have a negative trading impact.