RB nr 28/2012

Pursuant to the Article 56 section 1 clause 1) of the Polish Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (“the Act”):

On Apri 20, 2012, MCI.PrivateVentures FIZ with Subfund MCI.TechVentures 1.0 seated in Bartoszowicka 3, 51 – 641 Wroclaw, Poland, represented by MCI Capital Towarzystwo Funduszy Inwestycyjnych SA acting on behalf of the sub-fund MCI.TechVentures (“MCI”, „the Seller”) and MIH Allegro B.V., a subsidiary of Naspers Limited (“the Purchaser”) z siedzibą w Taurusavenue 105, 2132 LS Hoofddorp (Holandia), have entered into a Sale and Purchase Agreement (the “SPA”) of shares in Netretail Holding B.V., Herikerbergweg 238, Luna ArenA, 1101 CM Amsterdam (Holandia).

Under the terms of the SPA all shares and depository receipts owned by MCI in Netretail Holding B.V. are to be disposed to the Purchaser.
All other shareholders also entered into the Sale and Purchase Agreement with MIH Allegro B.V.. Pursuant to the Sale and Purchase Agreement, the Purchaser has agreed to purchase more than 50% of the issued share capital in Netretail Holding..

The price for the shareholding in Netretail Holding B.V to be disposed by MCI is estimated at €38,5 million (the Consideration).

The closing of the transaction is subject to the approval of the relevant antimonopoly and capital market regulatory bodies.

The Closing of the transaction and the transfer of the shares in Netretail Holding is expected in 90 days – subject to the above approvals.

Magdalena Pasecka – Member of the Management Board
Tomasz Czechowicz – President of the Management Board