Mediatel appeals against the resolution of the Creditors' Council regarding the change of Hawe Telekom's administrator

The Management Board of Mediatel S.A. ("Issuer") informs that on 12 April 2017. Hawe Telekom Sp. z o.o. in restructuring with its registered office in Warsaw (the "Company") filed objections against the Resolution of the Board of Creditors No. 1/03/2017 dated 03 April 2017 regarding the dismissal of PMR Restrukturyzacje S.A. from its position as administrator. ("Administrator") and the appointment of restructuring advisor Wieslaw Ostrowski in its place (the "Resolution").

The Management Board of Hawe Telekom Sp. z o.o. in restructuring does not agree with the decision of the Creditors' Council and views it as another step by Agencja Rozwoju Przemysłu S.A. ("IDA S.A."), which may lead to an attempted hostile takeover of the Company, of which the Issuer informed in more detail in current report No. 7/2017 dated 11 April 2017.

In the opinion of the Company's Management Board, the Resolution was adopted in gross violation of the Restructuring Law, as the Creditors' Council has no competence to dismiss and appoint the Administrator, and only the court has such competence.

In addition, it should be pointed out that, in the opinion of the Company's Management Board, there are no reasons whatsoever that would justify the dismissal of the previous Administrator.

The material appeared on biznes.pap.pl:

13 April 2017:
" MEDIATEL S.A. (8/2017) Challenge by Hawe Telekom Sp. z o.o. in restructuring to the resolution of the Council of Creditors of 03 April 2017 on the change of the administrator of Hawe Telekom Sp. z o.o.in restructuring