Dividend Declaration

13 Mar 2009 07:00



UNOFFICIAL TRANSLATION

Report 10/2009: Recommendation not to pay out dividend

Management Board of Bank Polska Kasa Opieki S.A. ("Bank") hereby informs, that having received the positive opinion of the Supervisory Board, it will submit to the Ordinary General Meeting the proposal of allocation to Bank's basic funds of the entire net profit for year 2008. 

Such a recommendation will contribute to achieve an extraordinary high level of capital adequacy ratio, what is especially important in the circumstances of volatility of the macroeconomic environment and allowing Bank to be in a privileged position to capture business opportunities moving forward. 

The final distribution of Bank net profit for year 2008 is subject to approval of the Ordinary General Meeting. 

Legal basis: 

Section 39 subsection 1 clause 7 Decree of the Ordinance of the Minister of Finance, dated 19 October 2005 re: current and periodical information submitted by the issuers of securities