RB nr 15/2006

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

The Management Board of MCI Management SA informs that Bankier.pl SA – the leading Polish financial portal and a portfolio company of the fund successfully concluded its public offering.

The prescriptions for the shares of Bankier.pl SA were held from 2 to 6 June 2006 and proved highly attractive among the investors. Over 1300 people took up the offered shares of the Company – 3.35 million shares of the total value of PLN 25.125 million. The reduction for the investors participating earlier in book-building was 85.91%, and for the people who did not take part in the process of book-building – 92.96%. Bankier.pl shall get PLN 11.25 million from public offering. The means will be used primarily on the growth of the portal by creating new sites and channels of distribution, acquisitions as well as investments in technical infrastructure. According to the forecasts of the Management Board the revenues of the company in 2006 shall increase up to over PLN 9 million, reaching 45% of the dynamics of growth from the last year and net profit shall double up to PLN 710 thousand.

MCI Management SA as the shareholder offering during the issue some of its shares, sells 550,000 shares of Bankier.pl SA for PLN 4,125 thousand. The fund realizes on this transaction directly 548% rate of return from the investment with the average annual IRR exceeding 45%. Consequently the result of MCI Management SA in Q2 2006 shall increase by over PLN 2 million. After completion of the issue MCI will hold 22.06% of the share capital in Bankier.pl SA after increase and will be the biggest shareholder in the company.

Bankier.pl SA shall go public on June 19, 2006.