Legal basis: Paragraph 5.1.3 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and the conditions for regarding information required by the law of a non-member state as equivalent. Content of the report: The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (“PKO BP S.A.” or “the Bank”) hereby reports that on 6 November 2009 the Bank , as a part of banks’ consortium, concluded two credit agreements with a client of PKO BP S.A. (“the Borrower”). The subject of the agreements is granting the Borrower a renewable working capital loan in a total amount of up to PLN 800,000,000 (in words: eight hundred million zlotys), to finance the Borrower’s activity. The agreements to grant a renewable working capital loan were concluded for a period of six months. The agreements to grant a renewable working capital loan were secured in the form of authorised access to the Borrower’s bank account. The interest on the renewable working capital loans is based on the WIBOR 1M rate increased by the bank consortium margin, and is payable in monthly periods. PKO BP S.A.’s share in the amounts of these renewable working capital loans is a total of PLN 200,000,000 (in words: two hundred million zlotys). The contracts provide for no contractual penalties. The total value of the agreements between the Bank and the Borrower and his subsidiaries during 12 months as at the date of execution of the abovementioned agreements (excluding them) is PLN 1,700,000,000 (in words: one billion seven hundred million zlotys). The execution of mentioned above agreements constitutes grounds for the requirement to disclose the entering by the Bank into a significant agreement, since the total value of consideration under the agreements with the Borrower meets the criteria referred to in Paragraph 2.1.44), in connection with Para. 2.2 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and the conditions for regarding information required by the law of a non-member state as equivalent. The highest-value agreement entered into with the Borrower: The credit agreements described in current report no. 42/2009 are the highest-value agreements entered into between the Bank and the Borrower within a period of less than 12 months of the date of the above agreements, the total value of which meets the criteria referred to in Paragraph 2.1.44) of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and the conditions for regarding information required by the law of a non-member state as equivalent.
