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Agora S.A. (AGOD)

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Friday 13 March, 2009

Agora S.A.

Execution of the share buy back program


Execution of the share buy back program between March 6 and March 12, 2009

The Management Board of Agora SA ("Company") announces that between March 6 and
March 12, 2009, during the trading sessions on the main market of the Warsaw
Stock Exchange, the Company purchased its own shares in the amount of 164,395
at the nominal value of PLN 1 per share. Acquired shares give the right to
164,395 votes at the General Meeting of Shareholders and constitute 0.30% of
the Company's share capital. The average price of shares stood at PLN 11.65.

Since the commencement of the share buy back program ("Program") (i.e. February
16, 2009) the Company acquired in total 530,225 of its own shares. The
aforementioned shares altogether with the shares acquired since the beginning
of the Program give the right to 530,225 votes at the General Meeting of
Shareholders and constitute 0.96% of the Company's share capital and granting
the right to 0.74% of the total number of votes at a General Meeting of
Shareholders .

The Company continues 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).

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 3,071,916 of own shares, giving the right to 3,071,916 votes at the
General Meeting of Shareholders and constituting 5.59% of the Company's share
capital and granting the right to 4.26% of the total number of votes at a
General Meeting of Shareholders.


                                                                                         

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