Moody's Investors Service assigned a Ba3 corporate family rating (CFR) to Cyfrowy Polsat S.A. and a provisional (P) Ba3 rating to the proposed EUR 350 million senior secured notes to be issued by Cyfrowy Polsat Finance AB (publ)

The Management Board of Cyfrowy Polsat S.A. (Cyfrowy Polsat) informs that Moody's Investors Service (Moody's) assigned a Ba3 corporate family rating (CFR) to Cyfrowy Polsat. Moody's also assigned a provisional (P) Ba3 rating to the proposed EUR 350 million senior secured notes due 2018 (the Senior Notes), to be issued by Cyfrowy Polsat Finance AB (publ), a wholly owned Swedish subsidiary of Cyfrowy Polsat. Outlook for the assigned ratings is stable.

A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

This report is not an offer to sell, or the solicitation of an offer to buy, the Senior Notes. The Senior Notes will be offered only to qualified institutional buyers under Rule 144A under the U.S. Securities Act of 1933, as amended (the Securities Act), and to non-U.S. persons in transactions outside the United States under Regulation S under the Securities Act. The Senior Notes will not be registered under the Securities Act and may not be offered or sold in the U.S. or to U.S. persons absent registration or an applicable exemption from registration requirements. In relation to the United Kingdom, the Senior Notes may not be offered or sold except in accordance with all applicable requirements of the Financial Services and Markets Act 2000 (FSMA) and regulations passed under FSMA, or pursuant to an applicable exemption. In addition, the Senior Notes may not be offered in the United Kingdom or any other member state of the European Economic Area except in circumstances which do not require the publication by Cyfrowy Polsat of a prospectus pursuant to Article 3 of the EU Prospectus Directive (2003/71/EC).

Legal basis: Article 56 Section 1 item 2 of the Offering Act in conjunction with § 5 Section 1 item 26 of the Ordinance of the Minister of Finance of February 19, 2009, regarding current and periodic information to be submitted by issuers of securities and terms of acknowledging the equivalence of information required under the laws of non-member states.