RB nr 23/2006

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

The Management Board of MCI Management SA informs that on July 3, 2006 the Fund acquired 25 shares in the Czech company Retail Info Ltd., based in Prague, which deals in aggregation of information about promotions in huge networks of super and hypermarkets. MCI Management SA paid EUR 100,800 for the shares. In total the purchased shares correspond to 24% of the share capital of the company. The capital gained from MCI Management SA will be used by Retail Info Ltd. on the development of new products and sub-segments as well as expansion of the Company into the markets of Central Europe, including Polish market.

The transaction concluded on July 3, 2006 is the first round of investment in Retail Info Ltd. carried out on the basis of the investment agreement signed on May 25, 2006. The objective of MCI Management SA is to invest over EUR 200,000 in the shares of the company over one year. The investment agreement also grants MCI Management SA the right to conduct a partial buyout of the other shareholders (additional 24% of shares). The value of the buyout will correspond to current results of the Company. The investment agreement also covers all critical terms and conditions of effective management and exits from the investments (the right to appoint the member of the Supervisory Board and the Management Board, Tag – Along Right, Drag – Along Right) as well as provides preferential conditions for MCI at the moment of liquidation or bankruptcy of the Company.

The investment in the Czech Republic which was conducted on behalf of MCI by Ondrej Bartos, Investment Director, who became Member of the Management Board of Retail Info Ltd., is a confirmation of the realization of the plans of the Fund regarding the markets in Central and Eastern Europe.

The purchased assets correspond to over 20% of the share capital of Retail Info Ltd. and are considered assets of significant value