General meeting of the company CENTRAL EUROPEAN MEDIA ENTERPRISES LTD. (CME) that took place on 27th February, 2020 approved the merger. As a result of this merger, the company Class A Shares traded also on the Prague Stock Exchange will be ceased. According to the documents published prior to the General Meeting (Proxy Statement documents), one of the main conditions of the effectiveness of the merges is the consent of the European Commission to this transaction. On 1stSeptember, 2020, the PPF Group published information that following the obtaining of relevant approvals at the level of relevant national authorities, it had notified the transaction to the European Commission. Therefore, the proceedings are currently taking place at the level of the European Commission which, according to the relevant laws and regulations, must provide statement to notification within 25 working day (Belgian), it means most likely to 6th October 2020. The European Commission may approve the transaction or, if necessary, request additional information and extend respective deadline. According to the section "Closing and Effective Time" within the published Proxy Statement, the final effectiveness of the transaction will occur on the third working day after the fulfilment of the conditions of the merger effectiveness. Once all the conditions for the effectiveness of the merger will be met and Class A Shares will cease to exist, the Exchange will also be forced to cease trading in the issue of CETV, ISIN BMG200452024.

Detailed information are available in the relevant section of the issuer’s webpage:

https://www.cetv-net.com/investors/sec-and-pse-filings/