Approval of prospectus of Series I and Series J Cyfrowy Polsat shares by the Polish Financial Supervision Authority

28 Apr 2014

The Management Board of Cyfrowy Polsat S.A. (the Company) reports that on April 28, 2014 the Polish Financial Supervision Authority approved the prospectus of the Company's Series I and Series J shares prepared for the purposes of applying for the admission of these shares to trading on a regulated market operated by the Warsaw Stock Exchange.

The issuance of Series I and Series J shares by the Company will take place within the framework of conditional increase of the Company's share capital approved by the Extraordinary General Meeting of the Company on 16 January 2014 (the Company disclosed the text of the resolution on the conditional share capital increase in current report No. 4/2014 of 17 January 2014).

The issue of Series I and Series J shares will be effected for the purposes of the takeover by the Company of all the shares in the Metelem Holding Company Limited (Metelem), the indirect controlling entity of Polkomtel sp. z o.o., operator of Plus mobile phone network. The Series I and Series J shares will be acquired by Metelem shareholders in exchange for a non-cash contribution in the form of Metelem shares.

The approval of the prospectus of Series I and Series J shares is one of the conditions precedent for the Company's obligation to issue the shares and the obligation of the European Bank for Reconstruction and Development (EBRD) as a Metelem shareholder to transfer EBRD's shares in Metelem to the Company, as described in the investment agreement with EBRD of 19 December 2013, disclosed by the Company in current report No. 27/2013 of 19 December 2013.

Legal basis: Art. 56 Section 1 Clause 1 and 2 of the Act of 29 July 2005 on Public Offering and the Conditions of Introducing Financial Instruments to an Organized Trading and on Public Companies in connection with § 5 Section 1 Clause 4 of the Ordinance of the Minister of Finance of 19 February 2009 on current and periodic information releases by the issuers of securities and the conditions of accepting as equivalent of information required by the laws of a non-member state.

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Last updated 08/22/2014