Report No. 30/2010

Legal grounds:

Art. 56.1.1 of the Law of 29 July 2005 on Public Offers, the Conditions for Introducing Financial Instruments to an Organised System of Trading and Public Companies

The report:

The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (the “Bank”) hereby announces that on July 6th, 2010, it has adopted a resolution concerning the intention to issue subordinated bonds in the maximum amount of up to 5,000,000,000 (five billion) PLN (the “Issue”). The proceeds from Issue shall be - after obtaining an appropriate consent from the Polish Financial Supervision Authority (“KNF”) - allocated to increasing the Bank’s supplementary funds pursuant to Art. 127.3.2 (b) of the Banking Act.