Cyfrowy Polsat S.A. — Earnings Release 2016

Mar 1, 2017

Subject: Informationregarding estimated consolidated financial results for the fourthquarter of 2016

Pursuant to the internalreporting standards, adopted at the level of Cyfrowy Polsat S.A. ("Company")and the Company's capital group ("Polsat Group"), andin order to ensure uniform and thorough communication with all theparticipants of the capital market, the Management Board of the Companyhereby publishes information regarding an event that had a one-off,material impact on the financial results of Polsat Group in the fourthquarter of 2016.

During the estimation ofPolsat Group's consolidated financial results for the fourth quarter of2016 an asset related to deferred income tax was recognized inconnection with transactions that are subject to elimination during theprocess of consolidation. The recognition of the abovementioned assethad a positive effect on the consolidated net profit of Polsat Group inthe fourth quarter of 2016 in the amount of ca. PLN 100 million.

The values and informationprovided hereinabove represent estimates. The final values, which willbe published in the consolidated financial statements of Polsat Groupfor the fourth quarter of 2016, may differ from values providedhereinabove.