Current report 32/2008

The Management Board of ATM S.A. informs that today the Company has acquired 408 shares in the share capital of Cineman sp. z o.o., its Warsaw-based subsidiary.

The shares have been acquired as a result of the increase of the equity capital of Cineman sp. z o.o. and will be paid in cash.

The nominal value of each share acquired by the Company is PLN 500 and their total accounts for PLN 204,000. Assets acquired by the Issuer represent 20.4% of the increased share capital of the subsidiary.

The acquisition was financed by Company’s own funds. The investment in shares of the subsidiary is of long-term nature.

The Company owns 51% of the increased share capital of Cineman sp. z o.o. This is also the number of voting rights on the Shareholder Meeting.

Cineman sp. z o.o. is not affiliated with the Issuer or its management or supervisory board, except for the Issuer’s share in subsidiary’s capital.

The criterion of exceeding 20% of share capital of Cineman sp. z o.o. was the basis required for the assets to be deemed as relevant.

Signatures:
Roman Szwed — President of the Management Board,
Tadeusz Czichon — Vice-President of the Management Board