Report No. 25/2009

Legal grounds:

Paragraph 38.1.5 of the Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information published by issuers of securities and on the conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state

The report:

The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (“PKO BP”) hereby publishes the content of the resolutions adopted by the Bank’s Ordinary General Meeting on 30 June 2009. The content of the resolutions is attached as an enclosure to this report. Resolutions No. 6/2009 and 7/2009 were of a formal nature and were not adopted. During the General Meeting of Shareholders, objections were raised against Resolutions: 1/2009, 3/2009, 4/2009, 8/2009, 9/2009, 10/2009, 25/2009 and 39/2009, for inclusion in the minutes. An objection was raised against Resolution No. 25/2009 after Resolution No. 39/2009 had been adopted.