Legal grounds: Para. 38.1 of the Ordinance of the Council of Ministers on current and periodic information provided by issuers of securities dated 21 March 2005. The report: The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna hereby informs that as of 10 June 2005 the Management Board of Krajowy Depozyt Papierów Wartościowych S.A. (National Depository for Securities) effected the conversion of 105,000,000 (one hundred five million) PLPKO0000032 shares from ordinary registered shares in PKO BP SA. to ordinary bearer shares in PKO BP SA.
