Cyfrowy Polsat S.A. — M&A Activity 2021

Nov 16, 2021

SubjectResolutions adopted by theExtraordinary General Meeting convened for November 16, 2021 andfulfilment of the condition of the tender offer for the sale of sharesin Cyfrowy Polsat S.A. announced by Cyfrowy Polsat S.A., ReddevInvestments Limited and Mr. Zygmunt Solorz on September 28, 2021TheManagement Board of Cyfrowy Polsat S.A. (the "Company") hereby publishesthe resolutions adopted by the Extraordinary General Meeting of theCompany on November 16, 2021, attached hereto.In parallel, theManagement Board of the Company informs, further to the Company'sCurrent Report No. 22/2021 of September 27, 2021 regarding the Companyinitiating a review of options to launch and conduct an own sharesbuy-back program and the related tender offer to subscribe for the saleof shares in the Company, which was announced on September 28, 2021 byCyfrowy Polsat S.A., Reddev Investments Limited and Mr. Zygmunt Solorzpursuant to article 74 section 1 of the Act on Public Offer and theConditions of Introducing Financial Instruments into an OrganizedTrading System and Public Companies (Journal, of Laws 2020 item 2080)(the "Tender Offer") as well as the Company's Current Report No. 26/2021of November 16, 2021 on obtaining preliminary information about thenumber of shares being the subject of submitted sale offers, that on thelast day of accepting subscriptions for the sale of shares under theTender Offer (i.e., on November 16, 2021) a condition stipulated in item30 of the Tender Offer was fulfilled, i.e., the general shareholdersmeeting of the Company adopted a resolution concerning the authorizationfor the Management Board of the Company to acquire own shares and createa capital reserve for the purposes of the own shares buy-back program inthe amount of PLN 2,930,000,000.00 (say: two billion nine hundred thirtymillion złotys), which meets the requirements set forth in item 30 ofthe Tender Offer.Due to the above, the acquisition of the sharesof the Company covered by subscriptions under the Tender Offer will bemade according to the terms and time schedule provided in the TenderOffer and the expected date of the acquisition of the shares of theCompany is November 19, 2021.