The Management Board of Cyfrowy Polsat S.A. (the "Company") hereby informs that on May 8, 2018 it was notified that the Company’s plenipotentiary received a decision of the Director of the Revenue Administration Regional Office in Warsaw dated April 30, 2018 upholding the appealed decision of the Head of the Mazovian Tax Office in Warsaw (“Tax Office”) dated May 25, 2017, determining the value of tax obligation in relation to corporate income tax for the year 2011 at a higher level than the declared value, by PLN 40.6 million increased by interest on tax arrears. The Company informed of the decision of the Tax Office in its current report No. 12/2017 of May 29, 2017.
The Company does not agree with the decision of the Director of the Revenue Administration Regional Office in Warsaw in question and intends to appeal against it to the Voivodship Administrative Court.
At present the Company does not intend to create any provisions encumbering its financial results.
Legal basis: Article 17 Section 1 of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.