Legal grounds: Paragraph 38.1.7 of the Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information published by issuers of securities and on the conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state The report: In relation to the resumption of the Ordinary General Meeting after the announced adjournment thereof (Current Report No. 27/2010), the Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna hereby announces the content of the resolutions adopted by the Ordinary General Meeting of Shareholders during the second part of the Meeting on 23 July 2010. The content of the resolutions adopted by the Ordinary General Meeting during the first part was announced in the Current Report No. 28/2010. Resolution No. 38/2010 of the Ordinary General Meeting of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna of 23 July 2010 on distribution of profit of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna earned by the Bank in 2009 Pursuant to Article 395(2)(2) of the Code of Commercial Partnerships and Companies, and Article 2 of the Code of Commercial Partnerships and Companies, and Article 89 of the Civil Code, the Ordinary General Meeting of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna adopts the following: § 1. 1. The net profit earned by Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna in the period between 1 January 2009 and 31 December 2009 that amounts to PLN 2,432,152k shall be distributed in the following manner: 1) dividends for the shareholders in the amount of PLN 2,375,000k, 2) the reserve capital in the amount of PLN 50,000k, 3) the reserves in the amount of PLN 7,152k. 2. The distribution of profit as specified above shall take place on the condition that by the date of 10 December 2010 Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna ultimately (i) shall not take control over a bank with its registered seat on the territory of the Republic of Poland by direct or indirect acquisition of the majority of shares, and (ii) shall not acquire the rights to take control in the manner specified in (i) above. § 2. Should the condition specified in §1(2) above fail to be fulfilled, the profit for the year 2009 that amounts to PLN 2,432,152k shall be distributed in the following manner: 1) the reserve capital in the amount of PLN 2,425,000k; 2) the reserves in the amount of PLN 7,152k. § 3. Should the condition specified in §1(2) above be fulfilled or not fulfilled, the Management Board of the Company shall be obliged to inform the shareholders about such an event by making a relevant statement which shall be made public in a form of a current report. § 4. This resolution shall come into force as of the date of its adoption. 804,497,848 valid votes were cast on adopting the resolution, from 804,497,848 shares representing 64.36 per cent of the share capital, with 680,028,945 votes ‘for’, 1 ‘against’, and 124,468,902 ‘abstentions’. Resolution No 39/2010 of the Ordinary General Meeting of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna of 23 July 2010 on disbursement of dividend for 2009 Pursuant to Article 348(3) of the Code of Commercial Partnerships and Companies, the Ordinary General Meeting adopts the following: § 1. 1. Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna shall disburse the dividend for 2009 in the gross amount of PLN 1.90 per each share. 2. The dividend day shall be 23 October 2010. 3. The dividend shall be disbursed on 20 December 2010. 4. The dividend may be disbursed in the following forms: 1) transfer to the securities account, if the shares are deposited on such an account (investment account), 2) transfer to a bank account specified by the shareholder or cash payment, if the shareholder does not have a securities account. § 2. The disbursement of dividend as specified in § 1 above shall take place on the condition that the distribution of profit of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna takes place in accordance with the principles specified in § 1 of the Resolution no 38/2010 of the Ordinary General Meeting of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna of 23 July 2010 on distribution of profit of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna earned by the Bank in 2009. § 3. This resolution shall come into force as of the date of its adoption. 804,497,848 valid votes were cast on adopting the resolution, from 804,497,848 shares representing 64.36 per cent of the share capital, with 659,028,945 votes ‘for’, 0 ‘against’, and 145,468,903 ‘abstentions’.
