Report No. 20/2005

Legal grounds:

Para. 5.1.26 of the Ordinance of the Council of Ministers on current and periodic information provided by issuers of securities dated 21 March 2005.

The report:

In supplementing the current report no. 19 concerning the appointment of Supervisory Board Members, The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna hereby informs that the Minister of the State Treasury as the Eligible Shareholder, pursuant to para 12.1 of the Bank’s Corporate Charter, appointed the following persons:

1. Mr Bazyl Samojlik – for the position of the Chairman of the Supervisory Board,
2. Ms Urszula Pałaszek – for the position of the Deputy Chairman of the Supervisory Board.