RB nr 57/2007

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

The Management Board of MCI Management S.A. informs that on August 13, 2007 it received all S4E SA shares sale agreements signed on August 2, 2007 between MCI Management SA and investors who participated in private placement for the total of 337.345 ordinary shares with the nominal value of PLN 1.00. The sold shares correspond in total to 20.00% of the share capital of the company. MCI Management SA shall receive in total PLN 3,373,450 for the sold shares that is PLN 10.00 per each share. After the sale transaction MCI Management SA holds 724 444 shares in S4E SA which corresponds to 42.95% of the share capital of the company.

The partial exit of MCI Management SA from S4E SA is the result of the process of introduction of S4E to the NewConnect market. The shares were offered by Wrocław Brokerage House (Wrocławski Dom Maklerski SA), the transaction was settled on August 13, 2007. MCI Management SA realized PLN 3,036,105.00 profit on the transaction and IRR at 35.2%.

The sold assets correspond to 20% in the share capital of S4E SA and are considered assets of significant value.

The total value of sale was corrected – the value quoted in the report PLN 3,337,450 was incorrect. The correct value is PLN 3,373,450.