Not subject to distribution, directly or indirectly, within the territory of or to the United States of America, Australia, Canada or Japan. Legal basis: Art. 56.1.1 of the Law of 29 July 2005 on Public Offering, Conditions for Introducing Financial Instruments to an Organised Trading System, and on Public Companies – inside information. The report: The Management Board of PKO Bank Polski SA (the “Bank”) hereby announces that on 23 August 2011 it received a letter from the State Treasury and Bank Gospodarstwa Krajowego (the “Selling Shareholders”) informing them of the suspension of the preparation and of the conducting of the sale of shares in PKO Bank Polski SA by way of a public offering (the “Letter”). The Selling Shareholders requested that the Bank suspend any actions regarding the preparation of such sale and that the Bank file the application to the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego) (the “PFSA”) for the suspension of the administrative proceedings relating to the approval of the prospectus prepared in connection with the sale of the shares in the Bank. In connection with the receipt of the letter, the Bank’s management board decided on 23 August 2011 to suspend any actions connected with the preparation and conducting of the sale of shares in PKO Bank Polski SA by way of a public offering and consented to the Bank signing and filing an application for the suspension of the administrative proceedings pending before the PFSA relating to the approval of the prospectus. This material has been prepared in accordance with the requirements of Article 56, section 1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading and Public Companies dated 29 July 2005 and is for information purposes only and under no circumstances may it be regarded as an offer to purchase securities of Powszechna Kasa Oszczędności Bank Polski S.A. (the “Bank”). The Prospectus made in relation to the admission and introduction to trading on the Warsaw Stock Exchange (“WSE”) (the “Prospectus”) will constitute the only legally binding offering document containing information about the Bank and the public offering of the Bank’s securities in Poland (the “Offering”). The Bank will be free to conduct the Offering once the Prospectus has been approved by the Polish Financial Supervision Authority, the authority that oversees the capital market in Poland, and published. In connection with the offering and the application for admission and introduction of the Bank’s securities to trading on the WSE, the Bank will make the Prospectus available on its website (www.pkobp.pl) and on the website of the Offering Agent, Dom Maklerski PKO Banku Polskiego (www.dm.pkobp.pl). These materials are not for distribution, directly or indirectly, in or into the United States, or in other countries where the public dissemination of the information contained herein may be restricted or prohibited by law. The securities referred to in these materials have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.
