Information on the decision to issue Series F Bonds

Not for release, publication or distribution directly or indirectly, in or into the United States of America, Australia, Canada, Japan or United Kingdom, or in any other jurisdiction where to do so would be restricted or prohibited by law.

With reference to Current Report No. 31/2022 of 29 November 2022 in which Cyfrowy Polsat S.A. (the “Company”) announced the establishing of a bond issuance program (the “Program”) and actions being taken to potentially refinance its indebtedness under the Series B bearer bonds with the nominal value of PLN 1,000 each and the aggregate nominal value of PLN 1,000,000,000 maturing on 24 April 2026 (“Series B Bonds”) and the Series C bearer bonds with the nominal value of PLN 1,000 each and the aggregate nominal value of PLN 1,000,000,000 maturing on 12 February 2027 (“Series C Bonds”), and to Current Report No. 29/2023 of 11 September 2023, regarding the implementation of further actions aimed at the continued execution of the Program, the Management Board of the Company hereby informs that on 11 December 2023 a resolution was adopted regarding the issuance of 400,000 unsecured Series F bearer bonds with the nominal value of PLN 1,000 each and the total nominal value of PLN 400,000,000 (“Series F Bonds”), issued under the Program (the “Offer”).

The Offer will be exclusively addressed only to one person, in accordance with Article 33(2) of the Act of 15 January, 2015, on Bonds (“Act on Bonds”), i.e., by offering to acquire the Series F Bonds without “offering the securities to the public” as defined in Article 2(d) of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June, 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (“Prospectus Regulation”).

Basic parameters of the Offer:

On 11 December 2023, the Supervisory Board of the Company resolved, among other things, to approve the issuance of the Series F Bonds, including contracting financial indebtedness by the Company related to the issuance of the Series F Bonds.

Legal basis: Article 17 Section 1 of 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.

Disclaimer:

This current report was prepared in accordance with Article 17 Section 1 of Regulation 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.

This current report is for information only and is published by the Company solely in order to provide information regarding the decision to issue Series F Bonds. This current report is by no means intended, whether directly or indirectly, to promote the Offer or the issuance of the Series F Bonds and does not constitute advertising material prepared or published by the Company for the purpose of promoting the Offer or the issuance of the Series F Bonds soliciting, whether directly or indirectly, prospective investors. No prospectus, information memorandum or other offering documents are required to be provided in connection with the Offer or with the issuance of Series F Bonds under the Prospectus Regulation or under the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies.

This current report or any part hereof is not intended for distribution, whether directly or indirectly, within the territory of or into the United States of America or other jurisdictions where such distribution, publication or use may be subject to restrictions or may be prohibited by law. The securities referred to in this material have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and they cannot be offered or sold in the United States of America. The Company does not intend to register the Series F Bonds or conduct any offering of the Series F Bonds in the United States of America.