Current reports

The Management Board of PKO BP SA hereby informs that on 4 December 2006 received from Julius Baer Investment Management LLC („Julius Baer”) the notification of a sale of shares causing a decrease to below of the threshold of 5% of the votes at the General Meeting of Shareholders of PKO BP SA

The Management Board of PKO BP SA informs that the Supervisory Board of the Company, at its meeting on 30 November 2006 changed the resolution of the Supervisory Board of the Company appointing Mr Sławomir Skrzypek to the President of PKO BP SA Management Board this way that Mr Sławomir Skrzypek is appointed to the President of PKO BP SA Management Board until the election of the President of the Management Board. The Management Board of PKO BP SA informs that Mr. Jarosław Myjak resigned from the position of the Vice - President of PKO BP SA Management Board as of 30 November 2006

The Management Board of PKO BP SA hereby informs that on 27 November 2006 the Bank entered into two agreements with one of the PKO BP SA clients - bonds issue program agreement and the agreement obliging to purchase these bonds

The Management Board of PKO BP SA informs that on 2 November, 2006 the Board received the Resolution adopted by the Management Board of Giełda Papierów Wartościowych w Warszawie S.A. dated November 2nd 2006 on the admittance to trading of 105,000,000 shares of the Bank, designated by Krajowy Depozyt Papierów Wartościowych S.A. with codes “PLPKO0000032” on the primary market as of November 5th 2006 and floating of 105,000,000 shares of the Bank, designated by KDPW with codes “PLPKO0000032” on the primary market under ordinary procedure as of November 6th 2006.

The Management Board of PKO BP SA hereby informs that on 31.10. 2006 a sale agreement was executed for the sale by Bank of 145,881 shares in Hotel Jan III Sobieski Sp. z o.o. with its seat in Warszawa, having the nominal value of PLN 540 each, to Europa Hawk S.a.r.l., a company not affiliated with Bank, with its seat in Luksemburg.

In connection with the publication on 31.10.2006 of its interim financial statements of the PKO Bank Polski SA Group for the third quarter of 2006, PKO BP SA encloses an unofficial English translation thereof.