Legal basis: Art. 56.1.1 of the Act of 29 July 2005 on public offering and terms and conditions of introducing financial instruments to the organized trading system and on public companies The report: In connection with the notification of 29 June 2006 of the delay in publishing confidential information made to the Polish Securities and Exchanges Commission pursuant to Art. 57.1 of the Act of 29 July 2005 on public offering and terms and conditions of introducing financial instruments to the organized trading system and on public companies, the Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna hereby informs that on 29 June 2006, the Agreement Obliging to Acquire Shares (the “Agreement”) in Bank Ochrony Środowiska S.A. in Warsaw (“BOŚ”) was entered into between PKO BP SA and the National Fund for Environmental Protection and Water Management. Pursuant to the Agreement, PKO BP SA intends to act as the purchaser of shares under a public offering announced by the National Fund for Environmental Protection and Water Management. As the purchaser PKO BP SA undertook to acquire 659,999 (six hundred fifty nine thousand nine hundred ninety nine ordinary bearer shares in BOŚ having the nominal value of PLN 10 (ten) each (the “Shares”) for PLN 92 (ninety two) per Share, i.e., for a total of PLN 60,719,908 (sixty million seven hundred nineteen thousand nine hundred eight). The Shares acquired by PKO BP SA under the public offering will confer up to 659,999 voting rights representing 4.999992% of votes at the BOŚ General Meeting and 4.999992% of BOŚ share capital. According to the notification made to the Polish Securities and Exchanges Commission, this information had to be published by 15 July 2006.
