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 PKO BP SA (“Bank”) hereby informs that on 21 September 2006 Bank was informed that the District Court in Warszawa on 19 September 2006 had registered capital increase of Hotel Jan III Sobieski Sp. z o.o. with its seat in Warszawa in which Bank acquired 145,361 shares of PLN 540 value each and of total nominal value amounts PLN 78,494,940 (acquisition price was equal as nominal value of the shares). After mentioned above registration the capital of Hotel Jan III Sobieski Sp. z o.o. amounts to PLN 156,187,980 and is divided into 289,237 shares, with nominal value of PLN 540 each. Bank owns 145,881 shares of Hotel Jan III Sobieski Sp. z o.o., constituting 50.436% of the capital and entitling to 50.436% of votes at the General Shareholders Meeting of this company. The acquisition is an investment with short-term duration and was financed with Bank own funds. Hotel Jan III Sobieski Sp. z o.o. is linked entity as defined in the Law of Accounting. The assets acquired are considered significant because their value exceeds 20% of the share capital of Hotel Jan III Sobieski Sp. z o.o.
