Current Report No. 21/2008 - Convening the Annual General Meeting of Shareholders of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna

Legal basis: § 39.1.1 of the Ordinance of the Minister of Finance of 19th October, 2005 on current and periodical information provided by the issuers of securities Contents of the report: Acting under Art. 399.1 of the Companies and Partnerships Code the Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna hereby convenes the Ordinary General Meeting for 20 May 2008, at 11 a.m., at ul. Puławska 15 in Warsaw. Agenda

1. opening the Ordinary General Meeting;
2. electing the Chairman of the Ordinary General Meeting;
3. declaring that the Ordinary General Meeting was duly convened and is capable of adopting valid resolutions;
4. adopting the agenda;
5. considering the report of the Management Board of the Bank on the activities of the Bank in the year 2007, including information on the activities of the Management Board of the Bank as the governing body; also considering the financial statements of the Bank for the year 2007 and the motion of the Management Board on the distribution of the profit earned by the Bank in 2007;
6. considering the report of the Supervisory Board of the Bank containing the results of evaluation of: the report of the Management Board on the activities of the Bank in 2007, the financial statements of the Bank for the year 2007, the motion of the Management Board on the distribution of the profit earned by the Bank in 2007 and the report on the activities of the Supervisory Board as the governing body in 2007;
7. adopting resolutions on:
   1. approving the report of the Management Board on the activities of the Bank in 2007,
   2. approving the financial statements of the Bank for the year 2007,
   3. approving the report of the Supervisory Board on the activities of the Supervisory Board in 2007;
   4. the distribution of profit earned by the Bank in 2007,
   5. the payment of dividend for the year 2007,
   6. the acknowledgment of due performance of duties vested in the Management Board members in 2007,
   7. the awarding of the annual bonus to the President of the Management Board of the Bank for the year 2007,
   8. the acknowledgment of due performance of duties vested in the Supervisory Board members in 2007,
8. considering the report on the activities of the PKO BP SA Capital Group in 2007 and the consolidated financial statements of the PKO BP SA Capital Group for the year 2007 and adopting resolutions on:
   1. approving the report on the activities of the PKO BP SA Capital Group in 2007,
   2. approving the consolidated financial statements of the PKO BP SA Capital Group for the year 2007,
9. approving amendments to the Rules and Regulations of the Supervisory Board of the Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna,
10. presentation of the report of the Supervisory Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna on the outcome of the completed selection procedure for the positions of the President and Vice-Presidents of the Management Board of the Bank;
11. presentation of the report of the Supervisory Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna on the process of selling the hotels and offsite training centres;
12. closing the General Meeting.

The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna informs that the owners of the bearer shares may participate in the General Meeting provided that not later than one week prior to the date of the General Meeting, i.e., by 12 May 2008, they will have deposited at the registered office of the Bank i.e. at ul. Puławska 15, 02-515 Warsaw, the bearer share certificates issued by the entities maintaining the securities accounts and will not have collected them until the General Meeting is closed. The holders of the registered shares, the pledgees and the users enjoying voting rights may participate in the General Meeting provided they will have been entered in the share register not later than one week prior to the date of the General Meeting, i.e., by 12 May 2008. The registered share certificates may be deposited between 7 and 12 April 2008 from 9 a.m. to 3 p.m. The list of shareholders entitled to participate in the General Meeting will be displayed at the registered office of the Bank at ul. Puławska 15, 02-515 Warsaw, on the ground floor, from 9 a.m. to 3 p.m., 3 business days prior to the date of the General Meeting, i.e., between 15 and 19 May 2008. The shareholders may participate in the General Meeting personally or by proxy. The proxy shall be granted in writing, otherwise being null and void, and shall be attached to the minutes of the General Meeting. The signature on the proxy granted by a shareholder being a natural person should be certified by a notary public. The persons acting for the shareholders who are legal persons should present current extracts from the relevant registers (originals or true copies certified by a notary public), naming the persons authorised to represent those entities. The persons entitled to participate in the General Meeting are requested to register and collect the voting slips directly in front of the meeting hall one hour before the opening of the General Meeting.