RB nr 61/2007

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

The Management Board of MCI Management SA informs that on September 6, 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 251 shares of the Company at the price of PLN 19,694.00 per one share that is for the total amount of PLN 4,943,194.00. The purchased shares represent 36.17% in the share capital of the Company. The transaction is the result of negotiations conducted between MCI Management SA and BBI Capital SA aiming at changing the ownership structure completely about which MCI Management SA informed in its current report no. 51/2007 when purchasing 104 shares from BBI Capital in the drag along procedure. As a result of the performance of both transactions the stake of MCI Management SA in the share capital of the Company grew to 76.22%. The parties agreed in the signed agreement that they shall take steps in order to introduce the Company on the Warsaw Stock Exchange by the end of 2009.

The Management Board of MCI Management SA also informs that as a result of the negotiations conducted at the same time with investors financial it received offers of purchase of some shares purchased in the two transactions described above from BBI Capital SA. Relevant agreements of purchase-sale of shares should be signed within a few weeks about which the fund shall inform in its next current reports. MCI Management SA is planning that after conducting the whole operation of purchase of shares from BBI Capital SA and the sale of some of them to financial investors it shall remain a majority shareholder in the Company.

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.

Maciej Kowalczyk – Vice-President of the Management Board of Telecom Media Sp. z o.o. – is also Proxy and Investment Director in MCI Management SA, and Tomasz Czechowicz – Chairperson of the Supervisory Board of Telecom Media Sp. z o.o. – is President of the Management Board of MCI Management SA.

The purchased assets represent over 20% of the share capital of Telecom Media Sp. z o.o. and are considered assets of significant value.