Shareholding
structure

The Bank's shareholding structure is as follows:

Name of entity Number of shares Number of votes % Nominal value of 1 share  Share in equity %
As at 31 December 2011
The State Treasury 512 406 277 40.99 PLN 1 40.99
Bank Gospodarstwa Krajowego 128 102 731 10.25 PLN 1 10.25
Other shareholders 609 490 992 48.76 PLN 1 48.76
Total  1 250 000 000 100.00 --- 100.00
As at 31 December 2010
The State Treasury 512 406 277 40.99 PLN 1 40.99
Bank Gospodarstwa Krajowego 128 102 731 10.25 PLN 1 10.25
Other shareholders 609 490 992 48.76 PLN 1 48.76
Total 1 250 000 000 100.00 --- 100.00

Amendments to the Memorandum of Association of PKO Bank Polski SA

On 14 April 2011, the Extraordinary General Meeting adopted the Resolution No. 3/2011 on amending the Memorandum of Association of PKO Bank Polski SA (the content of the resolution adopted by the Bank was published in the Bank’s current report no. 13/2011). The proposed amendment to the Bank’s Memorandum of Association was presented by the State Treasury – the Bank’s shareholder. The amendments in the resolution referred to the following issues:

  1. the limitation of the voting rights of the shareholders and adopting a policy for accumulation and reduction of votes,
  2. the statutory number of members of the Supervisory Board,
  3. the subject of the first meeting Supervisory Board after election for the new term,
  4. the definition of the parent company and subsidiary.

The amendments to the Memorandum of Association of PKO Bank Polski SA referred to above, implemented by the Extraordinary General Meeting of the Bank on 14 April 2011, were registered with the National Court Register by the District Court for the capital city of Warsaw, the XIII Economic Department of the National Court Register

As an effect of the above amendments, the announced decrease in share of the State Treasury in the equity of PKO Bank Polski SA, which may reoccur in subsequent years (although the share will not drop below 25%), will not lead to limiting the control of the State Treasury over the Bank’s strategic decisions.

The Bank is a listed company on the Warsaw Stock Exchange. According to the Warsaw Stock Exchange Bulletin (Ceduła Giełdowa), the Bank is classified under the macro-sector ‘Finance’, sector ‘Banks’.