Decision of Cyfrowy Polsat S.A. to continue acquiring shares of Netia S.A.

15 Apr 2021

The Management Board of Cyfrowy Polsat S.A. (the "Company") informs that on 15 April 2021 the Company decided to continue acquiring shares of Netia S.A. with its registered office in Warsaw ("Netia") by means of transactions concluded on the regulated market of the Warsaw Stock Exchange (Giełda Papierów Wartościowych w Warszawie S.A.) or outside the regulated market, through Trigon Dom Maklerski S.A, where the purchase price of 1 (one) Netia share shall be determined by the Company individually for each purchase transaction, and the total purchase price of Netia shares in execution of the above-mentioned decision of the Company shall not exceed PLN 515 million. The Company's Supervisory Board also adopted a resolution consenting to the above-mentioned actions.

The purchase of Netia's shares may be effected within 12 months from the date of adopting the resolution of the Company's Management Board.

The above decision confirms the Company's declaration that it does not exclude the further increase of its share in the total number of votes at the general meeting of Netia, as expressed in the tender offer to place subscriptions to sell all the remaining shares of Netia announced by the Company on 23 December 2020 pursuant to Article 74 Section 1 of the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies.

Legal basis

Article 17 Section 1 of the Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.

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Last updated 04/15/2021