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. The report: The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (“PKO BP S.A.” or “the Bank”) hereby reports that on 28 December 2010 the Bank 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 loans in a total amount of PLN 2,500,000,000 (in words: two billion five hundred million zlotys), to finance the Borrower’s activity. The first agreement to grant a renewable working capital loan was concluded for a period from 1 January 2011 to 31 December 2012 in a amount of PLN 1,250,000,000 (in words: one billion two hundred fifty million zlotys). The second agreement to grant a renewable working capital loan was concluded for a period from 1 September 2011 to 31 December 2012 in a amount of PLN 1,250,000,000 (in words: one billion two hundred fifty million zlotys). The agreements to grant a renewable working capital loan were secured in the form of irrevocable 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’s margin, and is payable in monthly periods. The conclusion of these agreements causes the fulfilment of the conditions necessary for providing notification of the conclusion, by the Bank, of a significant agreements, as the value of the performance arising from the aforementioned agreements meets the criteria referred to in paragraph 2.1.44 letter a) in connection with paragraph 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.
