Legal basis: Art. 70 of the Act of July 29, 2005 on public offering and the conditions for introducing financial instruments to the organized trading system and on public companies The report: The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna hereby informs that on 28 June 2006 received from Julius Baer Investment Management LLC („Julius Baer”) the notification of a purchase of shares causing the crossing of the threshold of 5% of the votes at the General Meeting of Shareholders of PKO BP SA. According to this notification Julius Baer informed that in fulfilment of the obligation under Art. 69 Section 1 item 1 in connection with Art. 87 Section 1 item 3 letter b of the Act of July 29, 2005 on public offering and the conditions for introducing financial instruments to the organized trading system and on public companies notifies that, in result of managing by Julius Baer of foreign securities portfolio on contract, as a result of a purchase by its clients of chares of PKO BP SA in result of an open market purchases as of Julius Baer holds 53,150,746 shares of the Bank constituting 5.32% of the share capital of PKO BP SA and giving right to exercise 50,157,999 votes at the General Shareholders Meeting of PKO BP SA, which corresponds to 5.02% of the total number of votes at the General Meeting. According to this notification before aforementioned acquisition of the shares of PKO BP SA Julius Baer held 52,891,624 shares of PKO BP SA constituting 5.29% of the share capital of PKO BP SA and giving right to exercise 49,898,877 votes at General Shareholders Meeting of PKO BP SA, which corresponds to 4.99% of the total number of votes at the General Meeting.
