RB nr 65/2007

Legal basis: Art. 56 subpar. 1 pt. 1 of the Act on Public Offering

The Management Board of MCI Management SA informs that on September 11, 2007 the Supervisory Board of MCI Management SA approved the detailed rules of the new option plan for managers and members of the Supervisory Board of MCI for the years 2008-2012. The rules are the extension of the general assumptions which were approved at the Ordinary General Assembly of the Shareholders of the Company on June 25, 2007.

The option plan is based on 1.5 million new shares to be issued at the authorized capital at the nominal price of PLN 1. The issue price at which the shares shall be sold shall be increased by the costs of creating the plan and issuing the shares. The term when the new plan shall apply is the years 2008-2012 with a possibility of extension for the next 2 years. The shares to be used in the option plan were divided into 5 tranches whose execution shall depend on the fulfillment of the condition of permanent exceeding the stock exchange rate of the shares of MCI by:
– PLN 25.00 per share in tranche I in the period from 2007 to 2011
– PLN 40.00 per share in tranche II in the period from 2008 to 2011
– PLN 40.00 per share in tranche III in the period from 2009 to 2011
– PLN 80.00 per share in tranche IV in the period from 2010 to 2011
– PLN 100.00 per share in tranche V in 2011
where the permanent exceeding the stock exchange rate of the shares of MCI listed above shall mean exceeding by the arithmetic mean the stock exchange quotation rate of the shares of the Company over the period of six months.

The shares in each tranche shall be granted at the earliest after the end of 2007 (tranche I), 2008 (tranche II), 2009 (tranche III), 2010 (tranche IV), 2011 (tranche V).
Furthermore, the option plan provides also for separation of some shares for the disposal of the Management Board of MCI Management SA as a tool for recruiting the best investment managers from the market.
The number of shares to be granted to individual option holders shall be determined on the basis of the rules of remuneration applied in MCI Management SA, taking into account the position, service and efficiency of work in the Company.
The assumptions of the incentive program also provide the obligations for all option holders such as a 2-year-long ban on trading in 80% of the share which were taken up and obligation to cooperate with the Company over the period of next 2 years from the date when a condition of a given granting is fulfilled.
MCI Management SA successfully has been applying the option plan as an element of motivation of the management team and to increase the effectiveness of the company since 2003.