Legal basis: Paragraph 5.1.19 of the Ordinance of the Minister of Finance on current and periodical information provided by issuers of securities dated 19 October 2005 The report: The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna hereby informs that on 17 April 2008 the Supervisory Board of PKO BP SA has selected an entity authorized to audit Bank’s financial statements. This entity is PricewaterhouseCoopers Sp. z o.o. with the registered head office in Warsaw, at the address – Armii Ludowej Av. No 14, and entered the list of entities authorized to audit financial statements (maintained by the National Council of Certified Accountants) under the number 144. PricewaterhouseCoopers Sp. z o.o. was selected by the Bank’s Supervisory Board in compliance with the applicable regulations and standards, on the basis of authority arising from paragraph 15 item 1 point 3 Statute of the Bank. The agreement is to be concluded for the period covering audits and reviews of the Bank’s annual and semi-annual financial statements for 2008-1010. The Bank purchased the following advisory services PricewaterhouseCoopers Sp. z o.o.:
- regarding the performance of an individual review of PKO BP SA’s business operations, tax procedures and IT systems with respect to changes in VAT regulations, introduced as a result of Poland’s joining the European Union;
- regarding the correctness of procedures contemplated by the Bank, relating to the input VAT, in the light of provisions of the Tax Procedure Act of August 29, 1997 and the VAT and Excise Tax Act of January 8, 1993;
- regarding development and implementation of the consolidated financial statements for the purposes of prudence standards.