OREANDA-NEWS. December 6, 2007. We would like to inform that in connection with the Spin-Off Plan for BPH SA Bank and the transfer of some assets of BPH SA Bank to PEKAO SA Bank pursuant to the announcement made in the Court and Economic Gazette No 239 of 8th December 2006, item 15136 as well as pursuant to the resolutions of the General Meetings of Shareholders of both Banks, the Stock Exchange plans to undertake the following adaptation measures:

The reference rate for the shares in BPH SA Bank at the session where they will be quoted for the first time without a right to acquire series I shares in PEKAO SA Bank, will be adjusted in accordance with the BPH SA/PEKAO SA share swap parity. This implies that the reference rate will become fixing rate for shares in BPH SA Bank prevailing during the last session, when they will contain the right to acquire shares in PEKAO SA Bank, less the value being a product of the ratio between share allocation and fixing rate for shares in PEKAO SA Bank effective at the same session.

All orders placed for BPH SA shares and not executed until the end of the last quotation day of such shares with underlying right to acquire series I shares in PEKAO SA Bank, will be cancelled at the end of day.

Prior to the first session where shares in BPH SA bank will be quoted without underlying right to acquire shares in PEKAO SA Bank, the parameters of WIG20, WIG, WIG-PL and WIG-banks indices will be recalculated in order to maintain continuity of such index calculation.

As a result of carried out operations the shares of both banks in all aforementioned indices will be not subject to change.

The price of shares in PEKAO SA Bank will not be adjusted.

The quotation of shares in both aforementioned banks is not expected to be suspended.

No transactions involving PEKAO SA Bank share derivatives are envisaged.