Announcement of the squeeze-out of shares in Midas S.A. by an indirect subsidiary of the Company

25 May 2016

The Management Board of Cyfrowy Polsat S.A. (the “Company”) hereby gives notice that Polkomtel sp. z o.o. (“Polkomtel”), an indirect subsidiary of the Company, which directly and indirectly holds 1,379,597,139 shares in Midas S.A. (“Midas”), constituting 93.237% of the Midas share capital, on 25 May 2016 announced a squeeze-out of the shares in Midas held by all the remaining shareholders of that company (the “Squeeze-Out”).

The squeeze-out date was set for 31 May 2016, and the squeeze-out price is PLN 0.81 (eighty one grosz) per one share in Midas.

The detailed terms of acquiring the Midas shares under the Squeeze-Out are laid out in the publicly disclosed Information about the intention to acquire Midas shares by way of the Squeeze-Out, prepared by Polkomtel in accordance with the requirements defined in the Ordinance of the Minister of Finance of 14 November 2005 on the acquisition of shares in a public company by way of a squeeze-out (Dz. U. of 2005, No. 229, item1948).

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Last updated 05/30/2016