RB nr 52/2007

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

The Management Board of MCI Management SA informs that on July 26, 2007 the fund signed an agreement of purchase of shares in Telecom Media Sp. z o.o. (\”Company\”) from the majority shareholder of the Company – BBI Capital SA. Under the agreement MCI Management SA purchased 104 shares of the Company at the price of PLN 30,980.00 per one share that is for the total amount of PLN 3,221,980.00. The purchased shares represent 14.99% in the share capital of the Company. The transaction is the result of presenting to BBI Capital SA of the offer of purchase of 100% of the shares in the Company by a third entity which resulted in the exercise of the drag along right under the investment agreement from Oct. 18, 2005 about which MCI Management SA informed in its current report no. 4/2006. As a result of the performance of the provisions of that agreement which took place in March 2006 MCI Management SA took up 25.07% in the increased capital of the Company investing PLN 3.2 million. As a result of the purchase conducted yesterday and earlier engagement the fund reached 40.06% of the stake in the share capital of the Company.

The Management Board of MCI Management SA also informs that talks are being conducted with BBI Capital SA in order to execute further changes in the shareholding ownership. They may result in MCI Management SA acquiring the majority stake in the Company and BBI Capital SA would remain a minority shareholder.

Telecom Media is one of the leading distributor of the entertainment content mobile, including wallpapers, ring tones and Java games for mobile telephones in the Polish market. At present the Company\”s basic channel of sales is the whole-page announcements in color magazines with information about products and individual product codes. They are purchased by sending the appropriate code through Premium Rate SMS. The Company also conducts sale over the Internet. The Company was also first in Poland to begin selling of advertisements in SMS which was carried out under the brand of Spotler. The Management Board of the Company expects that within the medium term the revenues from mobile advertising shall become a significant source of its revenues.