Legal grounds: Paragraph 5.1.1 of the Ordinance of the Council of Ministers of 25 March 2005 on current and periodical information provided by issuers of securities. The report: The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna hereby informs that on 9 September 2005 a conditional sale agreement was executed for the sale by Powszechna Kasa Oszczędności Bank Polski SA of 50,312,200 G series shares in Wschodni Bank Cukrownictwa SA with its seat in Lublin (WBC SA), having the nominal value of PLN 1 each, to Getin Holding SA, a company not affiliated with PKO BP SA, with its seat in Wrocław. The shares represent 25.1321% of the share capital entitling to 25.1441% of votes at the General Meeting of Shareholders of WBC SA. Upon this transfer, PKO BP SA will hold no shares in WBC SA. The total value of this transaction is PLN 52,827,810. The value of the sold shares as shown in the PKO BP SA books is PLN 45,947,510.50. The assets sold constituted a long-term capital deposit of the payee acquired under the WBC SA restructuring programme. The assets sold are deemed significant because their value exceeds 20% of the share capital of WBC SA.
