Legal grounds: Paragraph 5.1.9 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 SA (“PKO BP SA”) hereby informs that on 9 August 2007 PKO BP SA was informed that the District Court in Łódź on 2 August 2007 had registered capital increase of Bankowy Fundusz Leasingowy SA with its seat in Łódź (“BFL”) of total value amounts PLN 10,000,000. The newly issued shares in increased capital were acquired by PKO BP SA. PKO BP SA acquired 1,000,000 shares in BFL’s capital of nominal value of PLN 10 each having a total nominal value of PLN 10,000,000 for PLN 10,000,000 acquisition price which is equal to nominal value of the shares. After mentioned above registration the capital of BFL amounts to PLN 40,000,000 and is divided into 4,000,000 shares, with nominal value of PLN 10 each. PKO BP SA owns 4,000,000 shares of BFL, constituting 100% of the capital and entitling to 100% of votes at the General Shareholders Meeting of BFL. The acquisition is an investment with long-term duration and was financed with PKO BP SA own funds. BFL is linked entity as defined in the Law of Accounting. The assets acquired are considered significant because the change in the amount of the BFL capital exceeds at one time equivalent of EUR 500,000 denominated in PLN.
