Legal basis: Art. 56.1.2 of the Law 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: The Management Board of PKO BP SA hereby informs that on 5 September 2006, the Co-operation Agreement (the “Agreement”) was entered into between PKO BP SA and the State enterprise of public utility Poczta Polska (“Poczta Polska”) to implement the arrangements agreed in the letter of intent entered into between Poczta Polska and PKO BP SA on 29 July 2005, as reported in the Current Report No. 31/2005. The main objectives of the Agreement are to broaden the scope of the existing co-operation of many years and also to make every effort to engage affiliates of Poczta Polska and the Bank so as to optimally use the potential and resources of the Parties to the Agreement and create a durable basis for a strategic co-operation between the Parties. To implement the foregoing PKO BP SA and Poczta Polska are willing to consider and aim at optimally using the potential of the distribution network of the Parties to the Agreement and their affiliates, preparing a standardized package of financial products, including banking ones, that will ensure a constant expansion of the Parties’ client base and satisfaction of their requirements while also taking advantage of modern distribution channels, jointly using, based on the current experience, implemented technologies and IT systems, and also jointly endeavouring to strengthen the Bank’s and Poczta Polska’s brands. The Agreement will be implemented within the framework of joint projects. Any specific steps will be each time subject to separate agreements to be entered into by the Parties to the Agreement.
