Cyfrowy Polsat reports record financial results for Q1/2008

As at 31 March 2008, Cyfrowy Polsat S.A. , the largest provider of pay DTH satellite television broadcasting services in Poland, had a total of 2,187,230 subscribers.

In the period between 31 March 2008 and 31 March 2007, the total number of subscribers increased by 717,714, i.e. by 49%. This growth contributed directly to the growth of net operating income.

The cost of digital satellite TV receiving equipment sold decreased by PLN 25.3 million, i.e. by 44.2% from PLN 57.2 million in the three months ended 31 March 2007 to PLN 31.9 million in the three months ended 31 March 2008. This decrease primarily resulted from a decrease in the number of new subscribers who purchased the set-top boxes from the Company in Q1 2008 in comparison with Q1 2007, and a decrease in the unit cost of purchasing the set-top boxes from external suppliers.