Legal grounds: Paragraph 5.1.1 of the Ordinance of the Minister of Finance dated 19 October 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 8 August 2006 a sale agreement was executed for the sale by Powszechna Kasa Oszczędności Bank Polski SA of 27,730 shares in Wawel Hotel Development Sp. z o.o. with its seat in Cracow (WHD), having the nominal value of PLN 500 each, to Quinn Property Holdings Limited, a company not affiliated with PKO BP SA, with its seat in Dublin. The shares represent 35.4% of the share capital entitling to 35.4% of votes at the Meeting of Shareholders of WHD. Upon this transfer, PKO BP SA holds no shares in WHD. The total value of this transaction is PLN 28,257 thousand. The assets sold constituted a long-term capital deposit of the payee. The assets sold are deemed significant because their value exceeds 20% of the share capital of WHD.
