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 7 December 2009 the Bank , as a part of banks’ consortium, concluded a credit agreement with a client of PKO BP S.A. (“the Borrower”). The subject of the agreement is granting the Borrower a revolving loan in a total amount of up to PLN 2,350,000,000 (in words: two billion three hundred fifty million zlotys), to finance the Borrower’s activity. PKO BP S.A.’s share in the amount of this revolving loan is PLN 763,750,000 (in words: seven hundred sixty three million seven hundred fifty thousand zlotys). The agreement to grant a revolving loan was concluded till the end 2010. The agreement to grant a revolving loan was secured in the form of authorised access to the Borrower’s bank account. The interest on the revolving loan is based on the WIBOR 1M rate increased by the bank consortium margin, and is payable in monthly periods. The contract 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 agreement (excluding it) is PLN 2,400,000,000 (in words: two billion four hundred million zlotys). The execution of mentioned above agreement 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.
