CME reported a series of share transfer agreements with Adrian Sarbu to purchase additional 5% stakes in Pro TV (Romanian license company), Media Pro International (Romanian service company) and Media Vision (Romanian production company) for USD 27.2m. As a result of these transactions, CME now owns 90% stake in Pro TV and Media Pro Int. and 75% in Media Vision. Mr. Sarbu has a put option for his remaining 10% stake in Pro TV and Media Pro Int. exercisable from 1 March 2009 for a 20-year period for a floor price of USD 1.45m/1%. We see this news as positive for today’s trading as CME has strengthened its position on the Romanian media market.