Report No. 17/2014

03.03.2014 15:48
Decision of the Polish Financial Supervision Authority stating that there were no grounds for objections against the acquisition of shares of Nordea Bank Polska S.A. – fulfillment of a condition precedent related to a material agreement and intention to accelerate the settlement of transaction in a tender offer for the sale of shares of Nordea Bank Polska S.A.

Legal basis:

§ 5 Section 1 item 4 of the Ordinance of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and on conditions under which such information may be recognised as being equivalent to information required by the regulations of law of a state which is not a member state

Content of the report:

With reference to the report No. 37/2013 dated 12 June 2013 concerning the conclusion between PKO Bank Polski S.A. (the “Bank”) and Nordea Bank AB (publ), a company registered in Sweden, of an agreement relating to the acquisition by the Bank of shares in Nordea Bank Polska S.A. (“Nordea Bank Polska”), Nordea Polska Towarzystwo Ubezpieczeń na Życie S.A. and Nordea Finance Polska S.A. (the “Agreement”, the “Transaction”), the Bank hereby announces that on 3 March 2014 the Polish Financial Supervision Authority issued a decision stating that there were no grounds for objections against the acquisition by the Bank of shares of Nordea Bank Polska (“Nordea Bank Polska Decision”) in a number resulting in exceeding a 50% stake in the share capital and the total number of votes at the general meeting of Nordea Bank Polska. Obtaining the Nordea Bank Polska Decision satisfies the last condition precedent for the closing of the Transaction set out in the Agreement. Additionally, obtaining the Nordea Bank Polska Decision satisfies the condition determined in item 24 of the tender offer for the sale of shares of Nordea Bank Polska announced by the Bank on 3 December 2013 (the “Tender Offer”).

At the same time, the Bank hereby announces that, subject to technical capability, the Bank will take actions aimed at settling the transaction of acquisition of shares of Nordea Bank Polska under the Tender Offer on 4 April 2014. If technical considerations prevent the settlement of this transaction on 4 April 2014, it will be settled on 9 April 2014 at the latest.

Contact for Investors

Dariusz Choryło

Director of Investor Relations
dariusz.chorylo@pkobp.pl

Investor Relations Department
ir@pkobp.pl