Current reports

Because of the disclosure (on 22.09.2006) of the consolidated semi-annual financial statement of the Capital Group of PKO BP SA for the first half 2006 with abbreviated financial statement of PKO BP SA for the first half 2006, PKO BP SA discloses an unofficial translation into English of this report.

The Management Board of PKO BP SA hereby informs that on 5 September 2006, the Co-operation Agreement was entered into between PKO BP SA and the State enterprise of public utility Poczta Polska to implement the arrangements agreed in the letter of intent entered into between Poczta Polska and PKO BP SA on 29 July 2005, as reported in the Current Report No. 31/2005.

The Management Board of PKO BP SA hereby informs that on 17.08.2006 was informed that on 14.08.2006 Bank acquired series XVI shares of KREDOBANK SA with its seat in Lwów. The registration of the share capital increase was on 14.08.2006 as a consequence of the fact that the National Bank of Ukraine issued the permission to register XVI share issue of KREDOBANK SA.

In connection with the publication on 11.08.2006 of its interim financial statements of the PKO BP SA Group for the second quarter of 2006, PKO BP SA encloses an unofficial English translation thereof.

Referring to the current report no. 38/2006 the Management Board of PKO BP SA informs that the value of the sold shares of Wawel Hotel Development Sp. z o.o. with its seat in Cracow as shown in the Bank’s books is PLN 13,865,000.

The Management Board of PKO BP SA hereby informs that on 8 August 2006 a sale agreement was executed for the sale by PKO BP SA of 27,730 shares in Wawel Hotel Development Sp. z o.o. with its seat in Cracow, having the nominal value of PLN 500 each, to Quinn Property Holdings Limited, a company not affiliated with PKO BP SA, with its seat in Dublin.