RB nr 62/2004

Legal basis: § 42 RRM

The Board of MCI Management S.A. informs that the subscription of bonds convertible into MCI Management SA shares Class F has held from September 14 to 16, 2004. As a result of book-building which took place from September 8 to 10, 2004 and the Bonus agreed afterwards, the Issuer decided not to balance the whole demand indicated in book-building due to the indicated level of the Bonus different from the expectations of the Company. Consequently, the Issuer decided to establish the Bonus to that the book-building would cover only 1 670 bonds of the value of 10,020,000 PLN. This is the amount of the bonds for which there were subscriptions, and on September 17, 2004 there was an allocation of 1 670 bonds convertible into MCI Management SA shares Classi F. All the bonds were taken up at the price of 6,000.00 PLN per one bond. Sub-issuers did not participate in the offer. The value of the offer was 10,020,000 PLN.
The remaining information shall be submitted by the time as provided in § 66 RRM.

In the opinion of the Board of MCI Management SA the result of the subscription is optimal taking into account the costs of financing and the demand for the means needed for carrying out investment projects. The fund does not exclude further issues of bonds in 2005 for the realization of the next tranches of the investment program. MCI is going to carry out the investment program based on its own funds, including exits from previous investments, as well as on the funds gained from the capital market through the issue of bonds and bonds convertible into shares.