Legal basis: Art 70.3 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading and Public Companies, dated 29 July 2005. Contents of the report: The Management Board of PKO Bank Polski SA (the “Bank”) hereby announces that it received letters from the State Treasury (“ST”) and Bank Gospodarstwa Krajowego (“BGK”), acting as the Bank’s shareholders (the “Selling Shareholders”), informing the Bank of the intention of the ST and BGK to sell shares in the Bank (the “Transaction”) and requesting that the Bank commence preparations for the Bank’s involvement in the Transaction (the “Letters”). The Selling Shareholders envisage that the Transaction will be effected by way of a public offering, which will require the preparation of a prospectus which must then be approved by the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego). According to the information contained in the Letters, it is the Selling Shareholders’ initial assumption that the Transaction will be finalized in September 2011. In connection with the receipt of the Letters on 19 April 2011 the Management Board of the Bank made a decision on commencing actions leading towards the preparations for the Bank’s involvement in the Transaction.
