Cyfrowy Polsat S.A. — M&A Activity 2020

Jul 2, 2020

Subject: Satisfaction of a conditionprecedent to the preliminary agreement to acquire Interia Group companies

In connection with the current report No.16/2020 of Cyfrowy Polsat S.A. (the "Company") dated April30, 2020 regarding the execution by a subsidiary Telewizja Polsat sp. zo.o. ("Telewizja Polsat") with Bauer Media Invest GmbH andBauer Polen Invest GmbH of the Preliminary Share and Rights PurchaseAgreement concerning: (i) an acquisition from Bauer Media Invest GmbH of100 shares in Grupa Interia.pl spółka z ograniczoną odpowiedzialnościąwith its registered office in Kraków ("GIGO"),representing 100% of the share capital of GIGO and carrying the right toexercise 100% of the total number of votes at the Shareholders' Meetingof GIGO; and (ii) an acquisition from Bauer Polen Invest GmbH of allrights and obligations of a limited partner of Grupa Interia.pl Mediaspółka z ograniczoną odpowiedzialnością spółka komandytowa with itsregistered office in Kraków ("GIKO") (the "PreliminaryAgreement") (the "Transaction"), the ManagementBoard of the Company hereby informs that on July 2, 2020 TelewizjaPolsat received the decision of the President of the Office forCompetition and Consumer Protection granting unconditional consent forthe concentration consisting in the acquisition by Telewizja Polsat ofexclusive control over Interia Group companies: GIGO, GIKO, GrupaInteria.pl spółka z ograniczoną odpowiedzialnością sp.k., Mobiem Polskasp. z o.o. and Mobiem Polska spółka z ograniczoną odpowiedzialnościąsp.k., which amounts to the satisfaction of the condition precedent setforth in the Preliminary Agreement.

In connection with the above the Companyinforms that the closing of the Transaction, as stipulated by thePreliminary Agreement, is planned in July 2020.