Legal grounds: Paragraph 5.1.3 of the Ordinance of the Minister of Finance on current and periodical information provided by issuers of securities dated 19 October, 2005 The report: The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna hereby informs that on 8th of February 2008 the Bank entered into a loan agreement with one of the PKO BP S.A. clients (the “Borrower”). The object of the agreement is an investment loan in the amount of PLN up to 1,230 million. The loan is granted to the Borrower to finance the partial costs of financial assets. The investment loan agreement is concluded for 10 years period. The investment loan agreement will be secured inter alia with a pledge by registration on financial assets and on the claims to the Borrower’s bank accounts. The interest rate of the investment loan agreement is based on WIBOR 6M rate plus the Bank’s margin payable once after every 6 months. The execution of the above agreement constitutes grounds for the requirement to disclose the entering by the Bank into a significant agreement, because the total value of consideration under the agreement meets the criteria referred to in Paragraph 2.1.51) of the Ordinance of the Minister of Finance on current and periodical information provided by issuers of securities dated 19 October 2005.
