Report No. 21/2004

In connection with the decision of the Selling Shareholder of 3rd November, 2004 on the determination of the final structure of the Public Offer which the Bank communicated in its Current Report no. 20/2004, the Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna informs about the following amendments to the Prospectus: