The agenda for XXI Century Investments (XXIC LN: N/R) AGM on December 6 includes consideration of a 26.8% share capital increase to USD 473.4 ths, which is a technical measure in line with Cyprus law. The company is considering placing additional shares among institutional investors at a discount to the market price. We confirmed with management their plans to conduct public placement of the additional shares on Warsaw Stock Exchange in 2008.