Legal grounds: Paragraph 5.1.3 of the Ordinance of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and the conditions for regarding information required by the law of a non-member state as equivalent. The report: The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna ("PKO Bank Polski S.A." or "Bank") hereby informs that on 1 March 2010 Bank entered – with one of the PKO Bank Polski S.A. clients ("Client") – into an agreement on organization, managing and handling of subordinated bonds issue facility for an amount up to PLN 350,000,000 (in words: three hundred fifty million). The agreement on organization, managing and handling of bonds issue facility terminates on 31 March 2020. PKO Bank Polski S.A. gives a guarantee of closing the issue and is obliged to purchase bonds issued under the programme in case bonds issue before 31 March 2010. The bonds’ interest rate is based on WIBOR 6M rate, plus the Bank’s margin. The agreement provides for no contractual penalties. The total value of the agreements between the Bank and the Client and his subsidiaries during 12 months as at the date of execution of the abovementioned agreement (excluding them) is PLN 1,500,000,000 (in words: one billion five hundred million zlotys). The execution of the above agreement constitutes grounds for the requirement to disclose the entering by the Bank into a significant agreement, since the total value of consideration under the agreement concluded by Bank with the Client meets the criteria referred to in Paragraph 2.1.44) of the Ordinance of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and the conditions for regarding information required by the law of a non-member state as equivalent. The highest-value agreement entered into with the Client: The agreement on organization and handling of standby bonds issue facility described in current report no. 10/2010 are the highest-value agreement entered into between the Bank and the Client within a period of less than 12 months of the date of the above agreement, the value of which meets the criteria referred to in Paragraph 2.1.44) of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and the conditions for regarding information required by the law of a non-member state as equivalent.
