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Agora S.A. (AGOD)

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Friday 27 February, 2009

Agora S.A.

Execution of the share buy back program


Execution of the share buy back program between February 20 and February 26,
2009

The Management Board of Agora SA (Company) announces that between February 20
and February 26, 2009, during the trading sessions on the main market of the
Warsaw Stock Exchange, the Company purchased its own shares in the amount of
129,090 at the nominal value of PLN 1 per share. Acquired shares give the right
to 129, 090 votes at the General Meeting of Shareholders and constitute 0.23 %
of the Company's share capital. The average price of shares stood at PLN 12.45.

Since the commencement of the Program (i.e February 16, 2009) the Company
acquired in total 218,094 of its own shares. The aforementioned shares
altogether with the shares acquired since the beginning of the Program give the
right to 218, 094 votes at the General Meeting of Shareholders and constitute
0.40% of the Company's share capital.

The Company continues to acquire its own shares based on the share buy back
program ("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).

The Program shall be executed till June 30, 2009, or until the funds allocated
for the execution of the Program upon resolution no. 5 of the Extraordinary
General Meeting of Shareholders dated February 12, 2009 (i.e. PLN 19 million),
are depleted.

Total number of shares acquired since the commencement of the Program (i.e.
February 16, 2009) altogether with the shares purchased during the previous
Program, between 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)
amounts to 2, 759, 785 of own shares, giving the right to 2,759, 785 votes at
the General Meeting of Shareholders and constituting 5.02 % of the Company's
share capital and granting the right to 3.83 % of the total number of votes at
a General Meeting of Shareholders .


                                                                                                                                                                                   

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