Legal basis: Paragraph 5.1.21 nad 5.1.22 of the Ordinance of the Minister of Finance on current and periodical information provided by issuers of securities of 19 October 2005 The report: The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (“PKO BP SA”) hereby informs that Mr. Andrzej Podsiadło resigned from the position of the President of PKO BP SA Management Board as of 29 September 2006 in connection with the plans of changes in the composition of the Management Board, thus shortening the term of office agreed earlier as referred to in the current report No. 32/2006. Due to the above, Supervisory Board appointed Mr Sławomir Skrzypek the President of PKO BP SA Management Board as of 29 September 2006 until the election of the President of the Management Board, but not later than until 30 November 2006. On 29 September 2006 the Supervisory Board adopted resolutions appointing:
- Mr. Wojciech Kwiatkowskil for the position of the Vice - President of the Bank’s Management Board, as of 1 November 2006,
- Mr. Jarosław Myjak for the position of the Vice - President of the Bank’s Management Board, as of 2 October 2006.
According to the adopted resolutions Mr. Kwiatkowski and Mr. Myjak are appointed for the above positions for the joint term of office of the board which has started on 19 May 2005. The Supervisory Board appointed as of 29 September 2006: Mr. Rafał Juszczak, Mr. Jacek Obłękowski and Mr. Zdzisław Sokal (members of the the Bank’s Management Board) to the Vice – Presidents of the Bank’s Management Board. Wojciech Kwiatkowski 42, earned a degree in economics in the Warsaw School of Economics. In 1991-1994 he was Director of the EFFECT joint stock company. In 1994 he was Deputy Director in Polski Bank Rozwoju SA. In 1994-1996 he was Bank’s Director in Polski Bank Inwestycyjny SA. In 1997-1998 he was Director of Marketing Department in Polski Bank Rozwoju SA. In 1998 he moved to the Central Management Polish Postal Office to be the Deputy General Director responsible for Strategy, Development and Financial Services Market. In 1999 – 2000 he was President of the Management Board of Pocztowo – Bankowy PTE SA. In 2000 – 2002 he was Vice-President the Management Board of PKO BP SA supervising the retail banking. In 2003 – 2004 he was member and next Vice-President of the Management Board HypoVereinsbank Bank Hipoteczny SA. In 2004- 2006 he was Vice-President and next President of the Management Board Śląski Bank Hipoteczny SA. He was member of the Supervisory Board “Postdata” SA, President of the Supervisory Board Bank Pocztowy SA, President of the Supervisory Board PKO Towarzystwo Fianansowe, member and Vice-President of the Supervisory Board KGHM Polska Miedź SA, member of the Supervisory Board PKO/Handlowy PTE SA. He is Vice-President of the Supervisory Board Górnośląski TFI SA and member of the Supervisory Board of PKP PLK SA. Jarosław Myjak 51, in 1978 he was graduated in the American Department and in 1981 in the Law Department at the University Adam Mickiewicz. In 1976 – 1977 he studied in the Economics Department at the University in Toronto. And in 1982 – 1984 he did post-graduated Law study. In 1991 – 1994 he was lawyer in Altheimer & Gray. In 1994 – 2004 he worked in Commercial Union Polska Ubezpieczenia na Życie / AVIVA, were he was member of the Management Board the First Vice-President (1994 – 1997), next President of the Management Board (1998 – 2004) and President of AVIVA (2000 – 2004). Since 2004 he is a member of the Supervisory Board of Citibank Handlowy. The Management Board of PKO BP SA currently has no information referred to in paragraph 28.5 and 28.6 of the Ordinance of the Minister of Finance on current and periodical information provided by issuers of securities of 19 October 2005