Postponed information disclosure – commencing negotiations with Midas S.A.

The Management Board of Cyfrowy Polsat S.A. (the “Company”) announces that a decision has been made to publish the confidential information retained pursuant to the Company’s decision to postpone its disclosure made on 19 January 2016. The decision to postpone the disclosure was made pursuant to Article 57 Section 1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies of 29 July 2005 and § 2 Section 1 item 1 of the Ordinance of the Minister of Finance of 13 April 2006 on the kind of information that may prejudice issuer’s legitimate interests and the issuer’s manner of conduct in postponing the public disclosure of confidential information.

The confidential information, the disclosure of which was postponed, was the fact that on 18 January 2016 the Company concluded an agreement with Polkomtel sp. z o.o. (“Polkomtel”), an indirect subsidiary of the Company, and with Midas S.A. (“Midas”), concerning the commencement of cooperation and negotiations with a view to expanding the previous forms of cooperation between the parties, including by way of a contemplated indirect acquisition by Polkomtel of 976,542,690 shares of Midas representing 65.9975% of the total number of votes and share capital of Midas. Additionally, Midas committed in the agreement to make available to the Company and Polkomtel, among others, such information and documents as may be necessary to conduct a legal and financial due diligence review of Midas and its selected subsidiaries.  Additionally, the Company and Polkomtel agreed to provide Midas with such information and documents concerning the Company and Polkomtel as Midas may reasonably request.

Legal basis: Article 56 Section 1 Clause 1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies.