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Agora S.A. (AGOD)

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Wednesday 08 April, 2009

Agora S.A.

Completion of Agora's buy-back Program


Completion of Agora's buy-back Program and its execution from April 3rd until
April 7th, 2009

The Management Board of Agora SA (the Company) announces that, between April 3,
2009 and April 7, 2009, during the trading sessions on the main market of the
Warsaw Stock Exchange, the Company purchased its own shares in the amount of
192,826 with the nominal value of PLN 1 each share. Acquired shares give the
right to 192,826 votes at the General Meeting of Shareholders and constitute
0.35 % of the Company's share capital. The average price of the purchased
shares stood at PLN 14.48.

Since the commencement of the share buy back program (the Program) (i.e.
February 16, 2009) the Company acquired in total 1,498,458 of its own shares.
The aforementioned shares altogether with the shares acquired since the
beginning of the Program give the right to 1,498,458 votes at the General
Meeting of Shareholders and constitute 2.73% of the Company's share capital
granting the right to 2.08% of the total number of votes at the General Meeting
of Shareholders.

The Company continued to acquire its own shares based on the Program commenced
on February 16, 2009 for the purpose of their redemption. The Program was
adopted by the Extraordinary General Meeting of Shareholders on February 12,
2009 (see: current report no. 10/2009 dated February 12, 2009 and current
report no. 11/2009 dated February 13, 2009).

As the funds allocated for the execution of the Program upon resolution no. 5
of the Extraordinary General Meeting of Shareholders dated February 12, 2009
are depleted, the Program was completed on April 7th, 2009.

Total expenditure on the execution of the Programs including the share
repurchase costs and other costs related to the Programs amounted to PLN 19
million. The average share price amounted to PLN 12.65.

As a result of the execution of the buyback programs:

 1. since July 14, 2008 until October 30, 2008 (see: current report no. 29/2008
    dated June 20, 2008 and current report no. 33/2008 dated July 11, 2008),
    and
   
 2. since February 16, 2009 until April 7, 2009 (see: current report no. 10/
    2009 dated February 12, 2009 and current report no. 11/2009 dated February
    13, 2009),
   
the Company altogether acquired 4,040,149 of own shares, giving the right to
4,040,149 votes at the General Meeting of Shareholders and constituting 7.35%
of the Company's share capital and granting the right to 5.60% of votes at the
General Meeting of Shareholders.



                                                     

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