Legal basis: Art. 56.1.2 o f the Law of 29 July 2005 on Public Offering, the Conditions for Introducing Financial Instruments to the Organised System of Trading and Public Companies The report: The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (the “Bank”), according to the obligation contained in paragraph 3 of the resolution of the Ordinary General Meeting No. 38/2010 on distribution of profit of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna earned by the Bank in 2009 (“Resolution”) announces that Bank does not expect the fulfillment (till 10 December 2010) of the condition mentioned in paragraph 1.2 of the Resolution, relating to taking control over a bank with its registered seat on the territory of the Republic of Poland by direct or indirect acquisition of the majority of shares or acquiring the rights to take control in the manner specified in above. Because of the mentioned above fact the net profit of the Bank earned in 2009 that amounts to PLN 2,432,152k, shall be distributed, according to paragraph 1.1 of the Resolution, in the following manner:
- dividends for the shareholders in the amount of PLN 2,375,000k,
- the reserve capital in the amount of PLN 50,000k,
- the reserves in the amount of PLN 7,152k.
Moreover Bank informs, that the dividend shall be disbursed according to the rules described in the resolution of the Ordinary General Meeting No. 39/2010 on disbursement of dividend for 2009. According to this resolution the amount of dividend is PLN 1.90 gross per each share. The dividend day shall be 23 October 2010, the dividend shall be disbursed on 20 December 2010.