Cyfrowy Polsat: record financial results in the first quarter of 2008

As at 31 March 2008, Cyfrowy Polsat S.A. (Warsaw: CPS), 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.

                                                          3 months ended
                                                    -----------------------------
                                                    31 March 2008   31 March 2007
                                                    -------------   -------------
Number of Family Package Subscribers                   1 914 310       1 325 108
Number of Mini Package Subscribers                       272 920         144 408
Total Number of Subscribers                            2 187 230       1 469 516
Churn rate of Family Package Subscribers                     2.0%            1.0%
Churn rate of Mini Package Subscribers                       0.0%            0.0%
Churn rate of Subscribers                                    1.8%            0.9%

Cost of digital satellite TV receiving equipment sold

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.

More: Report for Q1 ended March 2008