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Letter from the Chairman of the Supervisory Board

Ladies and Gentlemen,

It gives me great pleasure to write to you again to overview – and I say this with immense pride – what has been yet another successful year in the operating history of Cyfrowy Polsat.

Our 2013 success was determined by strong operating and financial performance, with targets achieved in our core segments of pay TV and broadcasting, as well as by steady growth in our telecoms and online businesses. It is important to note that the Company delivered its outstanding results amid a highly demanding business environment, competing successfully with its rivals in all core segments of its operations.

Throughout this past year Cyfrowy Polsat was consistently consolidating its lead in the domestic multimedia entertainment market and new technologies. The Group currently provides LTE broadband service, the fastest Internet connection available on the home market, reaching 67% of Poland’s population, and HSPA+ broadband service, with a coverage of over 99%.

Outside our core business, the landmark event for the Company last year was acquisition of the Metelem Group, the 100% owner of Polkomtel, which was announced in November. The transaction has made Cyfrowy Polsat and Polkomtel the largest media and telecommunications group in Poland and in the wider region.

I believe that the deal will create new growth opportunities for both companies in the fast-changing and highly competitive business environment. This was a major business decision and, in my opinion, one taken at a very opportune time. Leveraging the united strengths and potential of the two companies, Cyfrowy Polsat will even more effectively and efficiently deliver its strategies and objectives.

I would like to thank our Shareholders, as well as Subscribers and Customers of the Cyfrowy Polsat Group, for their confidence in us. I would like to offer particular thanks to the Group’s Management Board and Employees for their effective work and commitment, which contributed to the achievement of our goals and objectives. I strongly believe that the Group, now including Polkomtel, will operate effectively under the direction of the Management Board, creating long-term value for the Company’s shareholders.

With kindest regards,

Zygmunt Solorz-Żak

Chairman of the Supervisory Board


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