Report No. 12/2007

Legal basis:

Paragraph 5.1.21 of the Ordinance of the Minister of Finance on current and periodical information provided by issuers of securities of 19 October 2005

The report:

The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (“PKO BP S.A.”) hereby informs that on 13 March 2007 Bank was informed that Mr. Zdzisław Sokal resigned from the position of the Vice - President of PKO BP S.A. Management Board as of 13 March 2007.