RB nr 14/2011

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

The Management Board of MCI Management S.A. informs that on April 12, 2011, the Court of Appeals in Wrocław Civil Division I in the case brought by MCI against State Treasury – Director of the Tax Audit Office in Wrocław (file no.: I ACa 719/10) changed the verdict of the Circuit Court in Wrocław, about which the Company informed in its Current Report no. 9/2010 from March 16, 2010, in such a way that it awarded by final decision the amount of PLN 28,904,888 to be paid with statutory interest from June 8, 2006 until the date of payment by State Treasury to the Company.

The due amount was awarded as a compensation for damages suffered in connection with the loss of value of the shares held by MCI Management S.A. in JTT Computer S.A. which was declared bankrupt as a result of erroneous decisions made in violation of law by tax authorities. Thus the Court of Appeals shared in principle the position of the Company described in the claim and presented during the trial.

Furthermore, the Management Board of MCI Management SA would like to note the fact that the parties can file a cassation complaint to annul the verdict which was rendered in the second instance despite the fact that it is final. That fact should be taken into account by present and future investors – shareholders of the Company.

Magdalena Pasecka – Member of the Management Board
Konrad Sitnik – Vice President of the Management Board