Legal basis: Paragraph 38.1.11 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 (“Bank”) hereby informs that on 5 May 2011 adopted the resolution and decided to submit to the Ordinary General Meeting the recommendation of the dividend payments for 2010 in the amount of PLN 1,375,000,000 (PLN 1.10 per one share). The Bank’s Supervisory Board will consider and give an opinion on this recommendation, pursuant to § 9 item 2 of the Bank’s statutes. Pursuant to art. 395 § 2 point 2 of the Code of Commercial Companies and § 34 of the Bank’s statutes this recommendation will be submitted to determinate by the Ordinary General Meeting.
