Current Report of 07.06.2009

IMPORTANT NOTICE

Before gaining access to information regarding the considered rights issue of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (the "Company") you are advised to read the following important notice. The following information is not an offer to sell, or a solicitation of an offer to buy, any securities.

This material, which relates to the proposed rights issue of the Company, is either an advertisement or information disclosed by the Company to the public in order to fulfill the Company’s reporting obligations arising under applicable laws and regulations and not a prospectus or other offering document for the purposes of applicable measures implementing EU Directive 2003/71/EC (such Directive, together with the Polish Act on the Public Offering And Conditions Governing the Introduction of Financial Instruments to Organised Trading As well As on Public Companies dated 29 July 2005 and other applicable regulations, the "Prospectus Directive") and as such does not constitute an offer to sell or the solicitation of an offer to purchase securities. If the Company decides to carry out the rights issue, a prospectus prepared pursuant to the Prospectus Directive and approved by the Polish Financial Supervision Commission (the Polish capital markets authority) will be the sole legally binding document containing information on the contemplated right issues of the Company in Poland as well as on admission and introduction of the Company’s securities to trading on a regulated market organized by the Warsaw Stock Exchange. The prospectus, when published, will be obtained from the website of the Company (www. pkobp.pl).

It may be unlawful to distribute the material, to which you will gain access, in certain jurisdictions. Please note that the material is not intended for publication or dissemination in any jurisdiction where such publication or dissemination may be unlawful in accordance with the applicable laws.

The securities referred to herein 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 U.S. Securities Act of 1933.