Current reports

The Management Board of Cyfrowy Polsat S.A. (the Company) hereby gives notice of the establishment of further forms of security in connection with the Senior Facilities Agreement and the Bridge Facility Agreement concluded by the Company on March 31, 2011, which was notified by the Company in its current report No. 11/2011 of March 31, 2011.

On April 18, 2011 agreements and other documents were signed which provided for the establishment of the following forms of security:

Performance of the Investment Agreement: statements on the take-up of Series H Shares, materialization of conditions precedent under a material agreement executed by Cyfrowy Polsat, material agreements signed by Cyfrowy Polsat, Cyfrowy Polsat's share capital increase and acquisition of assets of significant value by Cyfrowy Polsat

The Management Board of Cyfrowy Polsat S.A. (Cyfrowy Polsat or Acquiring Company) announces that on May 31, 2011 it received a decision of the District Court for the Capital City of Warsaw in Warsaw, XIII Business Division for the National Court Register dated May 31, 2011 regarding the registration of merger of the Company with mPunkt Polska S.A.

The Management Board of Cyfrowy Polsat S.A. (the Company) hereby informs that as a result of a typographical error in Current Report No. 33/2011 of May 20, 2011, the Company's share capital following its increase was incorrectly stated. The amount of PLN 13,934,133.44 was specified in the Report while the share capital following its increase is PLN 13,934,113.44. Therefore, the Management Board of the Company hereby corrects the Current Report No. 33/2011 of May 20, 2011 within the above scope. 

The correct wording of the Report is as follows:

The Management Board of Cyfrowy Polsat S.A. (the Company), in relation to Current Report No. 34/2011 dated May 20, 2011, hereby announces the creation of security interest on assets of significant value by the Company's subsidiary and the termination of the agreement regarding the creation of security interest on assets of significant value.

Legal basis: Article 56, Section 1 Item 1 of the Act on the Public Offering and the Conditions Governing the Introduction of Financial Instruments to an Organized System of Trading and on Public Companies (the Act)

The Management Board of Cyfrowy Polsat S.A. (Cyfrowy Polsat) informs that Standard & Poor's Rating Services (S&P) assigned 'BB-' long-term corporate credit rating to Cyfrowy Polsat with stable outlook. S&P also assigned 'BB-' issue rating to the EUR 350 million senior secured notes due 2018 (the Senior Notes), which was  issued on May 20, 2011 by Cyfrowy Polsat Finance AB (publ), a wholly owned Swedish subsidiary of Cyfrowy Polsat.  

The Management Board of Cyfrowy Polsat S.A. (the Company) hereby gives notice of the establishment of further security in connection with the Senior Facilities Agreement (the Senior Facilities Agreement) concluded by the Company on March 31, 2011 and the High Yield Notes (the High Yield Notes) issued on May 20, 2011 by Cyfrowy Polsat Finance AB (publ), a subsidiary of the Company, which was notified by the Company in its current report Nos. 11/2011 and 34/2011 dated on 31 March 2011 and 20 May 2011 respectively.

The Management Board of Cyfrowy Polsat S.A. (the Company) gives notice that on June 21, 2011 the Company received a notice (the Notice) from Polaris Finance B.V., Karswell Limited and Sensor Overseas Limited (hereinafter the Significant Shareholders) vehicles controlled respectively by Mr. Zygmunt Solorz - Żak and Mr. Heronim Ruta, that the Significant Shareholders had decided to sell up to 86.111.018  of shares held by them in the Company through an accelerated bookbuilding (the Placement).

The Management Board of Cyfrowy Polsat S.A. (the Company) gives notice that on June 22, 2011 the Company received a notice (the Notice) from Polaris Finance B.V., Karswell Limited and Sensor Overseas Limited (hereinafter the Significant Shareholders ), vehicles controlled respectively by Mr. Zygmunt Solorz - Żak and Mr. Heronim Ruta, that on June 22, 2011 the book building process (the Placement) for 86.111.018 of the Company's shares held by the Significant Shareholders had been completed. The price was fixed at PLN 15.70 per share.