The text below is an unofficial translation of the report disclosed by PKO BP pursuant to the Polish Act on Public Trading in Securities of 21 August, 1997 (as amended). As Polish is the only official language in the Republic of Poland, PKO BP only assumes responsibility for the Polish language report. PKO BP assumes no responsibility for the report in its unofficial English translation. Legal basis: Paragraph 42 of the Decree of the Council of Ministers on current and periodical information provided by issuers of securities dated 16 October 2001 The report: The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna, according to the obligation included in current report no 39/2004, hereby informs that a total amount of costs on the 9 March 2005 (based on received and accepted invoices) of the Offer is 44 737 024,80 PLN, including:
The costs of the Offer charged current costs. In a financial report these costs will be presented in “Overhead costs” position. Due to a total amount of costs on 9 March 2005 the average cost of sale is 0,12 PLN per share. The provisions for the Financial Adviser and the Offeror (which due to the agreement dated 30 March 2004 mentioned in Chapter III of Prospectus, point 2.2, are covered by the State Treasury) are not included in the list mentioned above. All the terms starting with a capital letter not otherwise defined herein shall have the meaning assigned to them in the Prospectus relating to the shares of Powszechna Kasa Oszczędnosci Bank Polski SA.