Report No.9/2013

Legal grounds:

Article 70 section 1 of the Act of 29 July 2005 on Public Offering and the Conditions for Introducing Financial Instruments to the Organised Trading System and on Public Companies

The report:

The Management Board of Powszechna Kasa Oszczędności Bank Polski S.A. (the “Bank") advises that the Bank received a notification from the Minister of State Treasury  with regard to selling off a considerable block of Bank’s shares as a result of which the number of total votes held by the State Treasury (“ST”) at the General Meeting of the Bank has changed.

According to the notification received by the Bank, on 24 January 2013 25,000,000 Bank’s ordinary bearer shares held by ST were sold off  through the Warsaw Stock Exchange in block transactions to the investors appointed in the accelerated book building process. The shares amounted to 2% of the share capital and gave 2% votes in the total number of votes at the General Meeting of the Bank.

Moreover ST informed about the transaction regarding the sell- off Bank’s shares by Bank Gospodarstwa Krajowego (ST’s subsidiary), about which Bank informed in current report No 8/2013 dated 31 January 2013.

Prior to the transaction conducted, ST held directly the total number of 417,406,277 Bank’s shares including:

(i) 312,500,000 registered shares (which amounted to 25% of the share capital and gave 312,500,000 votes, representing 25% in the total number of votes)

(ii) 104,906,277 bearer shares (which amounted to 8.39% of the share capital and gave 104,906,277 votes, representing 8.39% votes in the total number of votes)

giving jointly 417,406,277 votes at the General Meeting of the Bank.  These shares amounted jointly to 33.39% of the share capital and gave 33.39% votes in the total number of votes at the General Meeting of the Bank.

As a result of the abovementioned sell-off transaction of 24 January 2013  ST holds 392,406,277 Bank’s shares including:

(i) 312,500,000 registered shares (which amount to 25% of the share capital and gave 312,500,000  votes, representing 25% votes in the total number of votes)

(ii)  79,906,277 bearer shares (which amount to 6.39% of the share capital and gave 79,906,277 votes, representing 6.39% votes in the total number of votes)

giving jointly 392,406,277 votes at the General Meeting of the Bank.  These shares amount to 31.39% of the share capital and give 31.39 % votes at the General Meeting of the Bank.

Moreover ST informed that prior to the abovementioned transactions the total number of Bank’s shares held jointly by ST and Bank Gospodarstwa Krajowego amounted to 545,509,008, giving 545,509,008 votes at the General Meeting of the Bank and representing 43.64% of the share capital and the total number of votes at the General Meeting  of the Bank. ST also informed that he did not conclude any agreement with any third party  which subject is transfer of rights to  exercise the right to vote from the Bank’s shares.