Cyfrowy Polsat S.A. purchases shares in Port Praski sp. z o.o. and executes an annex to the preliminary share purchase agreement for Pantanomo Limited

The Management Board of Cyfrowy Polsat S.A. (“Company”), in connection with current report no. 38/2021 of 20 December 2021 on the Company’s execution of preliminary share purchase agreements concerning shares in PAK-Polska Czysta Energia sp. z o.o., Port Praski sp. z o.o. and Pantanomo Limited, announces that on 1 April 2022, the Company signed the final share purchase agreement with Embud 2 spółka z ograniczoną odpowiedzialnością S.K.A., whereby the Company purchased 1,070,000 (one million seventy thousand) shares in Port Praski sp. z o.o. with its registered office in Warsaw (“Port Praski”), representing approximately 66.94% of the share capital and carrying 66.94% of the votes at the shareholders' meeting of Port Praski (“Port Praski Shares”). The purchase price for the Port Praski Shares was set at PLN 553,652,167.50 (five hundred fifty three million six hundred fifty two thousand one hundred sixty seven PLN 50/100).

Additionally, in relation to the ongoing analyses of the ultimate capital structure in which the Cypriot law company Pantanomo Limited with its registered office in Limassol (“Pantanomo”) participates, on 1 April 2022, the Company and the Cypriot law company Tobe Investments Group Limited with its registered office in Limassol (“Tobe”) executed an annex (“Annex”) to the preliminary share purchase agreement concerning 4,705 (four thousand seven hundred and five) shares in Pantanomo, representing approximately 32% of Pantanomo’s share capital, executed between the Company and Tobe on 20 December 2021 (“Agreement”)(“Transaction”).

In the Annex the Company and Tobe (“Parties”) agreed, among other things, to postpone the Transaction closing date. As amended by the Annex, the Agreement now provides that the Transaction closing date will be agreed in writing by the Parties and will occur no later than on 31 May 2022. If the Transaction closing date is not scheduled by the Parties for 31 May 2022 at the latest, the Agreement will expire.

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