Standard & Poor's Rating Services affirmed Cyfrowy Polsat 'BB' rating with stable outlook

The Management Board of Cyfrowy Polsat S.A.("Cyfrowy Polsat", the "Company") informs that on April 29, 2014 Standard & Poor's Rating Services ("S&P") affirmed its 'BB' long-term corporate credit rating on CyfrowyPolsat with a stable outlook. At the same time S&P also assigned the long-term issue rating at 'BB' to Cyfrowy Polsat's term facility loan denominated in Polish zloty up to the maximum amount of PLN 2.5 billionand multicurrency revolving facility loan up to a maximum amount of the equivalent of PLN 500 million, about which the Company informed in current report No. 26/2014 dated April 11, 2014.

The agency justified its decision by thefactthat Cyfrowy Polsat has made meaningful progress toward the completion of its acquisition of Metelem Holdings Company Ltd. ("Metelem"), the ultimate parent of Polkomtel Sp. z o.o., including obtaining funds for refinancing of existing debt, thus meeting the main conditions precedent of the conditional investment agreements regarding the acquisition of shares in Metelem.

In the agency's view, the integration ofPoland's largest direct-to-home pay-TV and mobile telecom operator materially increases Cyfrowy Polsat's diversity and scale. Therefore S&P revised its assessment of Cyfrowy Polsat's business risk profile upward to "satisfactory" from "fair".

The securities rating is not arecommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

More information on page: biznes.pap.pl

kom espi zdz