RB nr 4/2006

Legal basis: Art. 56 subpar. 1 pt. 1 of the Act of offer

The Management Board of MCI Management S.A. informs that by January 24, 2006 most terms and conditions suspending the agreement from October 18, 2005 regarding investment of the Fund in another company in the mobile sector – Telecom Media Sp. z o.o. were met. The Fund is planning to make this investment within the next month.
The objective of MCI Management S.A. is to invest PLN 2 918 thousand in the company. After the investment the estimated shareholding of MCI in the share capital shall reach 25.07%. The investment of MCI is the second round of financing of Telecom Media Sp. z o.o.; BBI Capital fund invested in the company during the first round. MCI does not rule out further involvement in the company.
The capital gained from MCI Management S.A. will be used for the development of the product offer of the company, financing of the operating costs and expansion in the internet/television segment. MCI Management SA will act as the leading financial investor actively supporting the management and the growth of the company. The Fund will be supporting the company in the area of limited growth, potential mergers and takeovers in order to build the leader in the area of aggregation and distribution of mobile content.
Telecom Media is the third investment of MCI in the mobile sector, which makes MCI Management SA the most active investor in this sector in Poland. In the opinion of the Fund the prospects of the mobile sector are at least as promising as the internet sector, and the mobile market is almost three times bigger than the internet market.