Notification of the disposal of the major share portfolio

The Management Board of Cyfrowy Polsat S.A. (the Company) hereby informs that on July 1, 2011 the
Company received notification from Mr. Zygmunt Solorz-Żak (the Shareholder) pursuant to Article 69
Section 1 item 2 in connection with Article 69 a Section 1 item 3 of the Act on Public Offering and
Conditions Governing the Introduction of Financial Instruments to Organized Trading System and Public
Companies of July 29, 2005 (consolidated text Dz. U. of 2009 No. 185, Section 1439, as amended) on the
decrease in the interest held by him in the total number of votes in the Company.
The above-mentioned decrease is a result of:
- the sale of 6,083,182 (six million eighty three thousand and one hundred eighty two)
shares of the Company by Polaris Finance B.V., with its registered office in Rotterdam,
the Netherlands (Polaris),
- the sale of 68,023,662 (sixty eight million twenty three thousand and six hundred sixty
two) shares of the Company by Karswell Limited, with its registered office in Nicosia,
Cyprus (Karswell).
The transactions were carried out on the regulated market in the form of block transactions on June 22,
2011.
The Shareholder holds 85% interest in the share capital of Polaris.
The Shareholder holds 100% interest in the share capital of Karswell.
Prior to the transaction the Shareholder held in total 253,652,412 Company's shares constituting 72.81%
interest in the Company's share capital and representing 431,198,663 votes at the general meeting of the
Company, which constitutes 81.7% of the total number of votes in the Company, consisting of 10,603,750
privileged registered shares of the Company held by the Shareholder directly, constituting 3.04% in the
share capital of the Company and representing 21,207,500 votes at the general meeting, which
constituted 4.02% of the total number of votes in the Company, and shares held by the Shareholder
indirectly:
a) through Polaris - 175,025,000 Company's shares constituting 50.24% interest in the share capital
and representing 341,967,501 votes at the general meeting, which constituted 64.79% of the total
number of votes in the Company. The above-mentioned portfolio consisted of:
- 166,942,501 privileged registered shares constituting 47.92% of the Company's
share capital and representing 333,885,002 votes at the general meeting, which
constituted 63.26% of the total number of votes in the Company,
- 8,082,499 bearer shares constituting 2.32% of the Company's share capital and
representing 8,082,499 votes at the general meeting, which constituted 1.53% of the
total number votes in the Company.
b) through Karswell - 68,023,662 bearer shares constituting 19.53% interest in the share capital and
representing 68,023,662 votes at the general meeting, which constituted 12.89% of the total
number of votes in the Company.
Currently, the Shareholder holds in total 179,545,568 Company's shares constituting 51.54% interest
in the Company's share capital and representing 357,091,819 votes at the general meeting of the
Company, which constitutes 67.66% of the total number of votes in the Company, consisting of
10,603,750 privileged registered shares of the Company held by the Shareholder directly, constituting
3.04% shares in the Company's share capital and representing 21,207,500 votes at the general
meeting which constitutes 4.02% of the total number of votes in the Company, and consisting of
168,941,818 of the Company's shares held by the Shareholder indirectly, through Polaris, constituting
48.5% in the share capital of the Company and representing 335,884,319 votes at the general
meeting, which constitutes 63.64% of the total number of votes in the Company. The abovementioned
portfolio consists of:
- 166,942,501 privileged registered shares constituting 47.92% of the Company's
share capital and representing 333,885,002 votes at the general meeting of the
Company, which constitutes 63.26% of the total number of votes in the Company,
- 1,999,317 bearer shares constituting 0.57% of the Company's share capital and
representing 1,999,317 votes at the general meeting of the Company, which
constitutes 0.38 % of the total number of votes in the Company.
The Shareholder notified us that except for Polaris he had no any other subsidiaries which would hold the
Company's shares nor was he a party to any agreements the object of which would be the transfer of the
right to vote from Company's shares.
Legal basis: Article 70 item 1 of the Act on Public Offering and Conditions Governing the Introduction of
Financial Instruments to Organized Trading System and Public Companies