Legal basis: Art. 70 (1) of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading and Public Companies, dated 29 July 2005. The report: The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna ("Bank") hereby informs that on 22 April 2010 they received from Bank Gospodarstwa Krajowego ("BGK"), with its registered seat in Warsaw, a notification concerning a cooperation agreement entered into on 21 April 2010 by BGK and the State Treasury on joint exercise of ownership rights with relation to the Bank's shares ("Notification"). According to the Notification, BGK owns 128 102 731 series D shares, which correspond to 10.2482% of the Bank's share capital and entitle to 128 102 731 votes at the general shareholders meeting; the votes constitute 10.2482% of the total number of votes of the Bank's shareholders. The State Treasury owns 512 406 277 shares, which constitute 40.99% of the Bank's share capital and entitle to 512 406 277 votes at the general shareholders meeting; the votes constitute 40.99% of the total number of votes of the Bank's shareholders. Jointly, BGK and the State Treasury own 640 509 008 shares, which constitute 51.24% of the Bank's share capital and entitle to 640 509 008 votes at the general shareholders meeting; the votes constitute 51.24% of the total number of votes of the Bank's shareholders. In the Notification, BGK also states that they have no intention of further increasing their share in the total number of votes within the period 12 months from the day of the Notification's delivery and that BGK's subsidiaries do not own any shares in the Bank. The Notification also informs that BGK has not concluded any agreements with third parties which would confer on BGK the right to exercise the right of vote.
