Regulatory filing

The Management Board of Agora SA with its registered seat in Warsaw (the Company), hereby announces that the Company obtained a notification from Artio Global Management LLC (former Julius Baer Investment Management LLC) with its registered seat in New York about descending below the 5% threshold of voting rights at the General Meeting of Shareholders of Agora SA. Artio Global Management LLC informed the Company that as a result of sale of Agora's shares in transaction on the regulated market as of March 25, 2009 Artio Global Management LLC holds 3,354,031 shares of Agora SA constituting 6.10% of Agora's share capital and giving the right to 4.65% of votes at the General Meeting of Shareholders of Agora SA. Before the aforementioned sale, Artio Global Management LLC held 3,742,639 of Agora's shares constituting 6.81% of Agora's share capital and giving the right to 5.19% of votes at the General Meeting of Shareholders of Agora SA.

Furthermore, Artio Global Management LLC informed the Company that the share portfolios covered by this notification are managed by Artio Global Management LLC on the basis of investment advisory agreements entered into between Artio Global Management LLC and its clients. For his reason, Artio Global Management LLC May not be considered to be a shareholder of AGORA.