TVN Group ('n' DTH) reports second quarter 2008 results

WARSAW — TVN Group (Warsaw:TVN), Poland’s leading media group, today announced record results for the second quarter of 2008.

Investment in ‘n’ DTH platform

On June 25, 2008 we acquired from our dominant shareholder, ITI Media Group N.V. 25% of the share capital plus 1 share of Neovision Holding B.V., a company registered in Amsterdam, the Netherlands, the sole shareholder of ITI Neovision Sp. z o.o. which owns and operates ‘n’ DTH platform in Poland for a total cash consideration of EUR 95 million. The consideration of EUR 95 million included a pro-rata share of shareholder loans granted to ITI Neovision Sp. z o.o.

‘n’ DTH highlights:
“¢ Launched October 2006
“¢ 326,000 subscribers today
“¢ Over 200,000 subscribers added in 2007
“¢ 520,000 subscribers expected at 2008 year-end
“¢ Currently ca. 9% share
“¢ 100% of HD STBs
“¢ MPEG-4 decoders
“¢ Leading EPG system
“¢ 1st to provide HD push TVOD/SVOD in Europe

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