RB nr 31/2007

Legal basis: Art. 56 subpar. 1 pt. 2 of the Act on Public Offering.

The Management Board of MCI Management S.A. informs that the fund, carrying out its investment strategy, on may 14 and 15, 2007 concluded a sale transaction of Innovation Technology Group SA shares (since March 15, 2007 operating under the business name of Computer Communication Systems SA). MCI sold 508,425 shares which were purchased by a few financial investors. In total the sold shares correspond to 7.55% of the share capital of the company. MCI Management SA received PLN 2,491,282.50 for the sold shares, that is PLN 4.90 per each share. After the sale transaction MCI holds 2,975,890 ITG SA shares which corresponds to 44.18% of the share capital of the company.

The partial exit of MCI Management S.A. from ITG S.A. is the continuation of the pre-IPO process taking place in this company which this year shall end up in a debut on the Warsaw Stock Exchange. In total over the last 2 months within the pre-IPO process MCI sold 2,326,440 shares (34.54% of the share capital of the company) collecting PLN 10,599,629.40,

After the successful issue of bonds convertible into shares, within which ITG SA received PLN 6 million in Q4 2006, and acquisition of innovative technology companies Microtech International Ltd. sp. o.o. and Softechnik sp. z o.o., it is additional proof of the right development of the company resulting from the implementation of the plan effectively implemented by the management of ITG SA. Next step in the pre-IPO process shall be the conversion of bonds into ITG SA shares which is conducted right now. Consequently, the company shall find new renowned investors and at the same time a decrease of MCI Management SA exposure in the share capital of ITG SA, which has been in the portfolio of the fund since 1999, to 33.98%. The strategy of MCI Management SA assumes that the capital commitment in ITG SA which at the end of 2006 was over 80% shall not exceed 20% by the end of 2007.