Not for release, publication ordistribution directly or indirectly, in or into the United States ofAmerica, Australia, Canada, Japan or United Kingdom, or in any otherjurisdiction where to do so would be restricted or prohibited by law.Withreference to Current Report No. 31/2022 of 29 November 2022 in whichCyfrowy Polsat S.A. (the "Company") announced theestablishing of a bonds program (the "Bonds Program") andactions being taken to potentially refinance its indebtedness underSeries B bearer bonds with the nominal value of PLN 1,000 each and theaggregate nominal value of PLN 1,000,000,000, maturing on 24 April 2026("Series B Bonds") and Series C bearer bonds with thenominal value of PLN 1,000 each and the aggregate nominal value of PLN1,000,000,000, maturing on 12 February 2027 ("Series C Bonds"),Current Report No. 1/2023 of 11 January 2023 on Series D Bonds Issue andCurrent Report No. 26/2023 of 2 August 2023 on actions being taken tocontinue the implementation of the Bonds Program and refinancing ofPolsat Plus Group's indebtedness, the Management Board of the Companyhereby gives notice that on 7 September 2023 it resolved to issue nomore than 820,000 unsecured Series E bearer bonds with the nominal valueof PLN 1,000 each and the aggregate nominal value not exceeding PLN820,000,000 ("Series E Bonds"), under the Bonds Program.The Series E Bonds will be issued pursuant to Article 33 Section 1 ofthe Act of 15 January 2015 on Bonds (the "Act on Bonds") byway of "offering of securities to the public" as defined in Article 2(d)of Regulation (EU) 2017/1129 of the European Parliament and of theCouncil of 14 June 2017 on the prospectus to be published whensecurities are offered to the public or admitted to trading on aregulated market, and repealing Directive 2003/71/EC (the "ProspectusRegulation") (the "Offer").TheOffer will be addressed only to qualified investors within the meaningof Article 2(e) of the Prospectus Regulation and will be exempted fromthe obligation to publish a prospectus pursuant to Article 1(4)(a)thereof. Conducting the Offer will not require publishing an informationmemorandum or other offering documents.Basicparameters of the Offer:Issue price of one Series E Bond: PLN1,027.23Planned issue date of the Series E Bonds: 28 September 2023Plannedredemption date of the Series E Bonds: 11 January 2030Earlyredemption of the Series E Bonds: Possible at the request of the Companyor the bondholder in accordance with the Series E Bond IndentureInterestRate: Variable (reference rate plus margin)Reference Rate: 6M WIBORMargin:335 bpsCommencement of interest accrual: 11 July 2023Interestperiods: Semi-annualThe Offerwill be conducted in the period from 7 September 2023 to 12 September2023. Trigon Dom Maklerski S.A.. with its registered office in Krakówwill act as the offeror. The members of the consortium are also BankPolska Kasa Opieki S.A. with its registered office in Warsaw andSantander Bank Polska S.A. with its registered office in Warsaw.Underthe said resolution the Company's Management Board also resolved thatthe Company would purchase from the bondholders of the Series B Bondsand Series C Bonds issued by the Company, pursuant to Art. 76(1) of theAct on Bonds, some or all of the Series B Bonds and Series C Bonds forthe purpose of their redemption, based on sale and set-off agreements tobe entered into by the Company with those of the Series B Bonds andSeries C Bonds bondholders who declare their intention to sell suchbonds and have their receivables for the Series B Bonds and Series CBonds sale credited against the purchase price of the Series E Bonds.On7 September 2023, the Supervisory Board of the Company resolved, amongother things, to approve the issuance of the Series E Bonds and theCompany contracting financial indebtedness by way of issuing the SeriesE Bonds, and to approve the purchase of some or all of the Series BBonds and Series C Bonds.Legalbasis: Article 17 Section 1 of Regulation (EU) No 596/2014 of theEuropean Parliament and of the Council of 16 April 2014 on market abuse(market abuse regulation) and repealing Directive 2003/6/EC of theEuropean Parliament and of the Council and Commission Directives2003/124/EC, 2003/125/EC and 2004/72/EC.Disclaimer:Thiscurrent report was prepared in accordance with Article 17 Section 1 ofRegulation No 596/2014 of the European Parliament and of the Council of16 April 2014 on market abuse (market abuse regulation) and repealingDirective 2003/6/EC of the European Parliament and of the Council andCommission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.Thiscurrent report is for information only and is published by the Companysolely in order to provide information regarding the decision to issueSeries E Bonds. This current report is by no means intended, whetherdirectly or indirectly, to promote the Offer or the issuance of theSeries E Bonds, and does not constitute advertising material prepared orpublished by the Company for the purpose of promoting the Offer or theissuance of the Series E Bonds soliciting, whether directly orindirectly, prospective investors. No prospectus, information memorandumor other offering documents are required to be provided in connectionwith the Offer or with the issuance of Series E Bonds under theProspectus Regulation or under the Act of 29 July 2005 on PublicOffering, Conditions Governing the Introduction of Financial Instrumentsto Organized Trading, and Public Companies.Thiscurrent report or any part hereof is not intended for distribution,whether directly or indirectly, within the territory of or into theUnited States of America or other jurisdictions where such distribution,publication or use may be subject to restrictions or may be prohibitedby law. The securities referred to in this material have not been andwill not be registered under the U.S. Securities Act of 1933, asamended, and they cannot be offered or sold in the United States ofAmerica. The Company does not intend to register the Series E Bonds orconduct any offering of the Series E Bonds in the United States ofAmerica. The Series E Bonds are only offered and sold outside the UnitedStates of America in offshore transactions in reliance on Regulation Sunder the U.S. Securities Act.