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Agora S.A. (AGOD)

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Tuesday 08 April, 2003

Agora S.A.

Increasing stake in Radio Klakson Sp. z o.o.

The Management Board of Agora SA with its registered seat in Warsaw ('the
Company') hereby informs about acquiring shares that constitute 45% of the
share capital of the company named 'Radio Klakson' Sp. z o.o. with the seat in
Wrocław, a broadcaster of a local radio program 'Radio Klakson'. The purchase
price for the shares totalled PLN 3,330 thousand. As a result of acquisition of
the above mentioned shares, Agora holds 49% of 'Radio Klakson' share capital,
which entitles the Company to exercise 49% of votes at the shareholders

Additional information:

1) The investment was financed from the issuer's equity.

2) The investment in 'Radio Klakson' is of a long-term nature.

3) Total nominal value of the acquired shares is PLN 22,500.

4) The acquisition of shares took place on 7 April 2003, on the basis of the
Agreement of sale of shares entered into by Agora SA and vendor of the shares -
one private person.

5) The book value of the acquired shares amounts to PLN 3,363.3 thousand.

6) The above transaction is not a transaction with an associated entity.


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