Current Report of 09.12.2008

Legal basis:

Art. 154 of the Act on Trading in Financial Instruments of 29 July 2005.

Following the notification of the Polish Financial Supervision Authority (the PFSA) of delay in publishing confidential information (current report no 2/2008/OI), submitted on 28.11.2008 in accordance with art. 57.1of the Law of 29 July 2005 on Public Offering, Conditions for Introducing Financial Instruments to the Organized Trading System and Public Companies, the Management Board of PKO BP SA (“Bank”) herby informs that, as a consequence of obtaining corporate permissions, and making an offer on 28.11.2008 to acquire 99.92% of the shares of AIG Bank Polska S.A. and 100% of the shares of AIG Credit S.A. has entered the stage of non-exclusive negotiations to acquire shares of mentioned above companies.

In the case of concluding the agreement, the acquisition would take place after legal requirements under Polish laws have been satisfied.

The acquisition of the companies’ shares would be financed with the Bank’s own funds.

In case the agreement concerning the acquisition of the aforementioned shares is executed or in case the acquisition process will not be completed, the Bank will inform these facts in the next report.

Pursuant to the notification submitted to the PFSA the deadline for publication of information is 31 January 2009.