Jan S. Rynkiewicz, CEO Stream Communications +48-22-842-7666Stream Communications Network & Media Inc. • December 8th, 2011 • Cable & other pay television services
Warsaw, December 5th 2011. Sale of stake in Stream Communications sp. z o.o. by Stream Communications Network & Media Inc. Stream Communications Network & Media Inc. received signed conditional sale agreement (Agreement) conducted between Multimedia Polska S.A. (Multimedia) and Stream Communications sp. z o.o. (Stream Poland) and Stream Communications Network & Media Inc. (Stream Canada), and Almerio Consultancy Limited (Almerio) and MNI Telecom S.A. (MNI Telecom). Basic conditions of the Agreement are as follow: Price All shareholders of Stream Poland placed irrevocable sale offer to Multimedia to sell 100% shares in capital of Stream Poland for total price of PLN 141 250 000. Stream Canada offered to sale its stake for PLN 27 276 000. Payment The price will be paid in two instalments: PLN 55 000 000 payable within 7 days from validation of Antimonopoly Office decision for unconditional concentration, PLN 86 250 000 payable within 6 months from validation of Antimonopoly Office deci
