Current Report No. 72/2012 – Receiving consents from the Polish Financial Supervision Authority for a premature redemption of subordinated bonds (“call option”) and for usage the proceeds obtained from the issue of the subordinated bonds to increase the

Legal basis:

Article 56 par. 5 of the Act on Public Offerings and the Conditions for Introducing Financial Instruments to the Organised Trading System and on Public Companies of 29 July 2005

Content of the Report:

With reference to Current Report No. 54/2012, the Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (“PKO Bank Polski”) hereby announces that, on 18 September 2012, the Polish Financial Supervision Authority (the “PFSA”) gave its consent for PKO Bank Polski to effect a call option concerning the premature redemption of all subordinated bonds, with a total nominal value of PLN 1,600,700,000, issued by PKO Bank Polski on 30 October 2007.

At the same time, with reference to Current Report No. 69/2012 of 14 September 2012, PKO Bank Polski announces that the PFSA , on 18 September 2012, gave its consent to use the proceeds obtained from the issue of subordinated bonds, which was carried out on 14 September 2012 with a total nominal value of PLN 1,600,700,000, in order to increase the supplementary funds of PKO Bank Polski in accordance with Article 127 par. 3 pt. 2 letter b of the Banking Law.