Report No. 23/2013

Legal basis:

Paragraph 5.1.6 of the Ordinance of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and the conditions for regarding information required by the law of a non-member state as equivalent.

The report:

The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (the “PKO Bank Polski” or  “Bank”) hereby informs that on 3 April 2013 PKO Bank Polski purchased for the purpose of their redemption banking debt securities ("BDS") issued by the Bank of seven issues in the number of 14, 62, 10, 115, 55, 37  and 30 units respectively.

The legal basis for the purchase of above-mentioned banking securities are the Terms of Structured BDS Issue.

The reason of the purchase of  BDS was the will of the parties of the transactions and its purpose is redemption of BDS. The average unit purchase price of each BDS issue was PLN 1118.00, PLN 1069.00, PLN 977.00, PLN 1046.00, PLN 1070.00, PLN 958.00  and PLN 965.00 respectively.

The above-mentioned securities purchased by the Bank were issued within the confines of the Bank's  BDS programs, under which the Bank may issue multiple  BDS (issued and not repurchased in the duration of the program), up to the outstanding total nominal value of  PLN 10,000,000,000  or equivalent of this amount in EUR, USD for the particular time.