Statement of the Supervisory Board
Pursuant to the requirements of the Regulation of the Minister of Finance of June 6, 2025 on current and periodic information provided by issuers of securities and on conditions under which information required by legal regulations of a non-member state may be recognized as equivalent, the Supervisory Board of Cyfrowy Polsat S.A. comprised of:
• Daniel Kaczorowski – Chairman of the Supervisory Board,
• Aleksandra Żak – Vice-Chair of the Supervisory Board,
• Tobias Solorz – Vice-Chair of the Supervisory Board,
• Jarosław Grzesiak – Member of the Supervisory Board,
• Marek Grzybowski – Member of the Supervisory Board,
• Piotr Muszyński – Member of the Supervisory Board,
• Alojzy Nowak – Member of the Supervisory Board,
• Marta Poślad – Member of the Supervisory Board,
• Tomasz Szeląg – Member of the Supervisory Board,
hereby makes the following representations:
I. Statement on the policy of selection of an auditing company for the audit of the financial statements and an auditing company for the certification of sustainability reporting
The Supervisory Board hereby states the following:
1) on February 13, 2025 it consented to extend the agreement and choose Ernst & Young Audyt Polska Spółka z ograniczoną odpowiedzialnością Sp. k., with its registered office in Warsaw, for the performance of the audit of standalone financial statements of Cyfrowy Polsat S.A. and the consolidated financial statements of Cyfrowy Polsat Group for the financial years ended December 31, 2025, December 31, 2026 and December 31, 2027, in compliance with the applicable regulations,
2) on October 31, 2025, pursuant to Resolution No. 25 of the Annual General Meeting of the Company held on June 26, 2025, agreed to contract the certification services of Ernst & Young Audyt Polska spółka z ograniczoną odpowiedzialnością to provide limited assurance on the sustainability reporting for the financial year ended December 31, 2025,
3) both the audit firm and the audit team members met the conditions to develop an impartial and independent report on the audit of annual financial statements in line with the mandatory legal provisions, standards of profession and rules of professional ethics,
4) the audit firm and the members of the team performing the sustainability assurance met the requirements for preparing an impartial and independent assurance report on sustainability reporting, in accordance with applicable laws, professional standards and principles of professional ethics.
5) Cyfrowy Polsat S.A. complies with the provisions on the rotation of the audit firm and the key auditor as well as mandatory cooling-off periods,
6) Cyfrowy Polsat S.A. has adopted a policy of selection of an audit company and the policy of provision to the Company by an audit company, entities affiliated with that audit firm or members of the network to which the audit firm belongs, of authorized non-audit services, including services exempted conditionally from the ban on provision of services by an audit company,
7) Cyfrowy Polsat S.A. has a policy for selecting the audit firm to perform the assurance of sustainability reporting and a policy governing the provision to the Company, by the audit firm performing such assurance, by entities affiliated with that audit firm and by members of the audit firm’s network, of permitted non-assurance services related to sustainability reporting,
8) the requirements relating to the establishment, composition and functioning of the Audit Committee, including those relating to independence of the majority of its members as well as to knowledge and skills in the sector in which Cyfrowy Polsat S.A. operates, in accounting or auditing as well as in sustainability reporting and the assurance of such reporting are fulfilled,
9) the Audit Committee has performed the tasks, including tasks relating to sustainability reporting, set forth in the mandatory legal provisions.
II. Assessment of the financial statements of Cyfrowy Polsat S.A., the consolidated financial statements of Cyfrowy Polsat S.A. Capital Group, the report of the Management Board on the activities of Cyfrowy Polsat S.A. and Cyfrowy Polsat S.A. Capital Group in 2025
The Supervisory Board has examined and assessed the following documents:
1) the financial statements of Cyfrowy Polsat S.A. for the financial year ended December 31, 2025 prepared in accordance with International Financial Reporting Standards;
2) the consolidated financial statements of Cyfrowy Polsat S.A. Capital Group for the financial year ended December 31, 2025 prepared in accordance with International Financial Reporting Standards;
3) the report of the Management Board on the activities of Cyfrowy Polsat S.A. and Cyfrowy Polsat S.A. Capital Group in the financial year ended December 31, 2025.
Having analyzed the above-mentioned documents and having acquainted itself with the information of the Audit Committee on the course and results of the examination of fairness of financial reporting in Cyfrowy Polsat S.A. Capital Group, the Supervisory Board hereby states that the information presented in the above mentioned statements reflects in an accurate and proper manner the operational and financial standing of Cyfrowy Polsat S.A. and Cyfrowy Polsat S.A. Capital Group.
Considering the above, the Supervisory Board hereby represents that:
• the financial statements of Cyfrowy Polsat S.A. for the financial year 2025,
• the consolidated financial statements of Cyfrowy Polsat S.A. Capital Group for the financial year 2025,
• the report of the Management Board on the activities of Cyfrowy Polsat S.A. and Cyfrowy Polsat S.A. Capital Group in 2025
have been drawn up in accordance with the books and documents as well as with the factual status and mandatory legal provisions.
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Daniel Kaczorowski
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Aleksandra Żak |
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Tobias Solorz |
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Jarosław Grzesiak
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Marek Grzybowski |
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Piotr Muszyński
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Alojzy Nowak |
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Marta Poślad |
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Tomasz Szeląg |