Legal grounds: Paragraph 5.1.1 of the Ordinance of the Minister of Finance of 19 October 2005 on current and periodical information provided by issuers of securities The report: In connection with the current report no. 37/2005, the Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna hereby informs that on 12 December 2005, all conditions precedent contained in the aforementioned sale agreement were fulfilled and, therefore, Powszechna Kasa Oszczędności Bank Polski SA sold 50,312,200 G series shares in Wschodni Bank Cukrownictwa SA with its seat in Lublin (WBC SA), of the nominal value of PLN 1 each, to Getin Holding SA with its seat in Wrocław, a company not affiliated with PKO BP SA. The total value of this transaction is PLN 52,827,810. The book value of the sold shares in the books of PKO BP SA was PLN 52,827,810. The shares sold in the transaction represent 25.1321% of the share capital entitling to 25.1441% of votes at the General Meeting of Shareholders of WBC SA. After this disposal, PKO BP SA has no shares in WBC SA. The assets sold constituted a long-term capital investment of the issuer acquired under the WBC SA restructuring programme. The assets sold are considered significant because they exceed 20% of the share capital of WBC SA.
