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

Jun 9, 2021

Subject: Obtaining the consent of thePresident of the Office of Competition and Consumer Protection for theconcentration which constitutes the fulfillment of the last conditionprecedent set forth in a conditional sale agreement for shares ofPolkomtel Infrastruktura sp. z o.o.

With reference to Current Report No. 2/2021of February 26, 2021 concerning the conclusion by Cyfrowy Polsat S.A.(the "Company") and Polkomtel sp. z o.o. ("Polkomtel" and jointly withthe Company, the "Sellers") with Cellnex Poland sp. z o.o. (the"Buyer'), a subsidiary of Cellnex Telecom, S.A. with its registeredoffice in Madrid, Spain, of a conditional share sale agreement (the"Sale Agreement") concerning the sale of 2,069,656 shares of PolkomtelInfrastruktura sp. z o.o. ("Polkomtel Infrastruktura") (an indirectsubsidiary of the Company and a direct subsidiary of Polkomtel, being adirect subsidiary of the Company), representing ca. 99.99% of the sharecapital of Polkomtel Infrastruktura (the "Shares") (the "Transaction"),the Management Board of the Company announces that on June 9, 2021 itlearnt that the Buyer obtained the consent of the President of theOffice of Competition and Consumer Protection for the concentration (the"Antimonopoly Clearance") and as a result thereof the last conditionprecedent to completing the Transaction set forth in the Sale Agreementwas fulfilled. The Transaction completion was also conditional onobtaining consents required under the financing documentation of theSellers, as well as conditional release of security interestsencumbering the Shares, that occurred prior to obtaining theAntimonopoly Clearance.

In connection with the above the Companyinforms that the completion of the Transaction, including the fullsettlement with the Buyer of the price for the sale of the Shares, isplanned in July 2021.