RB nr 49/2006

Legal basis: Art. 160 subpar. 4 of the Act on Trading in Financial Instruments

The Management Board of MCI Management S.A. informs that on December 14, 2006 pursuant to Art 160 of the Act on Trading in Financial Instruments it received a notification from Mr. Tomasz Czechowicz, President of the Management Board of MCI Management SA, about the sale of MCI Management S.A. shares by him.

Description of the transaction:
Date of the transaction: December 14, 2006;
Kind of transaction: sale of MCI Management S.A. shares;
Volume: in total 172 500 shares;
Price: 8.08 PLN per share;
Place of transaction: Warsaw Stock Exchange;
Method of transaction: block off-session trade.

The Management Board of MCI Management SA informs that on December 14, 2006 pursuant to Art 160 of the Act on Trading in Financial Instruments it received a notification from Mr. Roman Cisek, Vice President of the Management Board of Czechowicz Ventures Sp. z o.o., who is at the same time the Financial Director / Proxy of MCI Management S.A., about the transactions made by Czechowicz Ventures Sp. z o.o.

Description of the transaction:
Date of the transaction: December 14, 2006;
Kind of transaction: purchase of MCI Management S.A. shares;
Volume: in total 172 500 shares;
Price: 8.08 PLN per share;
Place of transaction: Warsaw Stock Exchange;
Method of transaction: block off-session trade.

In connection with the sale in question Tomasz Czechowicz stated that he is planning to sell in 2007 up to 100% of MCI shares he holds privately (1,378,205 shares, that is about 3.65% of the share capital.) The planned selling price is between 10-20 PLN per share. The preferred buyer shall be a large, renowned institutional investor. The funds from the sale will be used on the investments in next funds created or managed by MCI Management S.A. Tomasz Czechowicz remains the owner of the shares assigned to him in the program of options of MCI Management S.A. for the years 2004-2006 (908,748 shares.) Furthermore, Czechowicz Ventures Sp. z o.o., in which Tomasz Czechowicz is the main shareholder, informed that it is not planning to sell the MCI shares it holds (42.64% of the share capital,) with possible participation in the subscription in the case of a new issue of MCI Management S.A. shares in the future.