Redemption of Bonds with priority rights

UNOFFICIAL TRANSLATION

Report 52/2012: Redemption of Bonds with priority rights to take up shares issued by Bank

Management Board of Bank Polska Kasa Opieki Spółka Akcyjna ("Bank") informs, that on the 04th of September 2012 Bank redeemed totally 1.000 (in words: one thousand) Series D Bonds with priority rights to take up Bank's Ordinary Bearer Series G Shares ("Bonds"), issued by the Bank on the base of Resolution No. 6 of Bank Polska Kasa Opieki Spółka Akcyjna Extraordinary General Meeting of Shareholders on the 25th of July, 2003 concerning issuance of Series A, B, C and D registered Bonds with priority rights to take up Bank's shares, exclusion of pre-emptive right Bank's shares series F and G and exclusion of pre-emptive rights of registered bonds series A, B, C and D with priority rights to Bank's shares, as a part of execution of Motivation Program for the members of management bodies, managers and employees of Bank Polska Kasa Opieki Spółka Akcyjna capital group, key for implementation of Bank's strategy, created by the Resolution No. 5 of Extraordinary General Meeting of Shareholders on the 25th of July, 2003 ("Motivation Program"), purchased from person participating in Motivation Program, in accordance with p. 2.8.1. of Conditions of Series D Bonds Issue, adopted by Resolution of Management Board of Bank No. 40/III/05 dated the 30th of March 2005, following his/her motion for early repurchase, in accordance with execution of priority rights to take up Bank's Series G Shares resulting from Bonds.

Legal basis:

Section 5 subsection 1 clause 12 in connection with section 18 of the Finance Minister's Ordinance of the 19th of February 2009 regarding current and periodic reports published by the issuers of securities and the rules of equal treatment of the information required by the laws of non-member states.