RB nr 18/2010

Legal basis: Art. 56 subpar. 1 pt. 2) of the Act on Public Offering – current and periodic information.

The Management Board of MCI Management S.A. informs that on May 13, 2010 MCI Management S.A. concluded an agreement of ordinary pledge on 57.000 (fifty seven thousand) investment certificates issued by IPOPEMA 34 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych established and managed by IPOPEMA TFI S.A. with its registered office in Warsaw (Certificates and Fund) about whose purchase the Company informed in its current report no. 15/2010 from April 29, 2010.

The issue price of one Certificate is PLN 1,000.00 (one thousand zloty), which means that the value of 57.000 (fifty seven thousand) certificates is PLN 57,000,000.00 (fifty seven million zloty.) The pledge is a security of the performance of the obligation of MCI Management S.A to redeem 57.000 (fifty seven thousand) registered and unsecured “D” bonds without form of documents (Bonds), about whose issue the Company informed in its current report no. 15/2010 from April 29, 2010.

There are no connections between the Company, its executive or supervisory personnel and the Pledgee.

The pledged Certificates are considered assets of significant value since their aggregate issue price exceeds 10% of the value of the equity capitals of the Company.

Summing up the information provided above, the Management Board of MCI Management S.A. informs that the issue of the Bonds as well as the subscription of the Certificates, about which the Company informed in its current report no. 15/2010 from April 29, 2010, was caused by the needs of the domestic financial investor entering into cooperation with MCI Management S.A. MCI undertook the project for remuneration in the amount which does not differ from the market conditions applied in this case of agreements. Furthermore, due to the mutual connection of their values, the Bonds and the Certificates have a neutral effect on the balance sheet of the Company and they do not generate any investment risk on the part of the Company.

Legal basis:
§ 5 subpar. 1 and 1 of the Directive of the Minister of Finance on current and periodic information

Roman Cisek – Member of the Management Board

Marek Wencki – Proxy