RB nr 77/2007

Legal basis: § 5 subpar. 1 pt. 1 of RO and § 7 of RO

The Management Board of MCI Management S.A. informs that on October 25, 2007 according to the investment agreement (see the current report no. 63/2007, 71/2007 and 73/2007) the Company transferred USD 2,128,750 in cash as a loan (secured) to Nexcom Bułgaria. This is the last step of MCI in the investment in Nexcom Bulgaria.
On the same day Nexcom Netherlands Holding B.V., where MCI holds 25% of the shares, made a cash transfer of USD 5 million in order to increase the share capital in the subsidiary Nexcom Bulgaria, where Nexcom Netherlands Holding B.V. holds 100% of the shares.
As a result of these transfers Nexcom Bulgaria got the funds necessary to intensively extend the network of broadband wireless access to the Internet in WiMAX technology covering the area of Bulgaria and begin commercial operations connected with offering WiMAX network services such as broadband access to the Internet or local and international telephone connections.