Legal grounds: Paragraph 5.1.9 of the Ordinance of the Minister of Finance dated 19 October 2005 on current and periodical information provided by issuers of securities The report: The Management Board of Powszechna Kasa Oszczędności Bank Polski S.A. (“PKO BP S.A.”) hereby informs that on 5 January 2009 PKO BP SA was informed that the Ukrainian State Registrator, Lvov City Council Executive Committee in the Frankovsky District of the city of Lvov on 31 December 2008 had registered capital increase of KREDOBANK SA with its seat in Lvov (“KREDOBANK”) of total value amounts UAH 130,820,000 (say: one hundred thirty million eight hundred twenty thousand), equivalent to PLN 48,795,860 (say: forty eight million seven hundred ninety five thousand eight hundred sixty). PKO BP S.A. took over 13,044,501,852 shares (say: thirteen billion forty four million five hundred one thousand eight hundred fifty two) in KREDOBANK’s capital of nominal value of UAH 0.01 each having a total nominal value of UAH 130,445,018.52 (say: one hundred thirty million four hundred forty five thousand eighteen and 52/100) for PLN 48,655,991.91 (say: forty eight million six hundred fifty five thousand nine hundred ninety one and 91/100) acquisition price which is equal to nominal value of the shares. After mentioned above registration the capital of KREDOBANK amounts to UAH 526,869,469.16 (say: five hundred twenty six million eight hundred sixty nine thousand four hundred sixty nine and 16/100 ) equal to PLN 196,522,312 (say: one hundred ninety six million five hundred twenty two thousand three hundred and twelve) and is divided into 52,686,946,916 shares (say: fifty two billion six hundred eighty six million nine hundred forty six thousand nine hundred sixteen), with nominal value of UAH 0.01 each. PKO BP S.A. owns 51,929,229,882 shares (say: fifty one billion nine hundred twenty nine million two hundred twenty nine thousand eight hundred eighty two) of KREDOBANK, constituting 98.5619% of the capital and entitling to 98.5619% of votes at the Shareholders Meeting of KREDOBANK. The took-over is an investment with long-term duration and was financed with PKO BP S.A. own funds. KREDOBANK is linked entity as defined in the Law of Accounting. The change in the amount of the KREDOBANK capital exceeds at one time equivalent of EUR 500,000 denominated in PLN.
