Change of the report no. 23/09

5 May 2009 07:00

UNOFFICIAL TRANSLATION

May 4, 2009

Report 25/2009: Change of the report no. 23/09 regarding draft of resolutions of the Ordinary General Meeting of Bank Polska Kasa Opieki Spółka Akcyjna dated on 5th of May 2009

The Management Board of Bank Polska Kasa Opieki S.A. informs that after receiving the recommendation of the Supervisory Board of the Bank decided to submit the motion to the Ordinary General Meeting of the Bank on not granting to Mrs. Katarzyna Niezgoda-Walczak the vote of approval for performance of duties in the period from 1st of January till 31st of December 2008. 

As a result the draft of the resolution of the Ordinary General Meeting of the Bank regarding vote of approval for Mrs. Katarzyna Niezgoda-Walczak is amended in the following way: 

Resolution No. 

of the Ordinary General Meeting of Bank Polska Kasa Opieki Spółka Akcyjna 

on not granting the vote of approval 

to Member of the Management Board 

of Bank Polska Kasa Opieki Spółka Akcyjna in 2008

Acting in accordance with Art. 393 p.1 and Art. 395  2 p.3 of Code the Commercial Companies and pursuant to § 13 p. 4 of the Bank's Statute, the Ordinary General Meeting resolves as follows:

§ 1.

Ms. Katarzyna Niezgoda-Walczak, Vice President of the Management Board, hereby does not receive the vote of approval for her duties performed in the period from 1st January till 31st December 2008.

§ 2.

The Resolution is enacted upon its adoption.

As a result of the above mentioned recommendation the Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna decided to change the "Report on activity of the Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna in 2008, results of performed assessment of: reports on activities of the Bank and the Capital Group in 2008, financial statements of the Bank and the Capital Group for 2008 and the motion of the Management Board concerning distribution of net profit for 2008" in the following way:

1) the sentence now reads: 

"Given the above, the Supervisory Board recommends to the Ordinary General Meeting, in accordance with art. 395 § 2 p. 3 of the Code of Commercial Companies, to acknowledge fulfilment of duties by members of the Management Board, Messrs Jan Krzysztof Bielecki, Luigi Lovaglio, Paolo Iannone, Katarzyna Niezgoda, Grzegorz Piwowar and Marian Ważyński in 2008, Mr Przemysław Gdański in the period from 1 January 2008 to 9 May 2008, Mr Christopher Kosmider in the period from 1 January 2008 to 4 June 2008, Mr Andrzej Kopyrski in the period from 4 June 2008 to 31 December 2008 and Messrs Diego Biondo and Marco Iannaccone from 11 December 2008 to 31 December 2008.",

receives the wording:

"Given the above, the Supervisory Board recommends to the Ordinary General Meeting, in accordance with art. 395 § 2 p. 3 of the Code of Commercial Companies, to acknowledge fulfilment of duties by members of the Management Board, Messrs Jan Krzysztof Bielecki, Luigi Lovaglio, Paolo Iannone, Grzegorz Piwowar and Marian Ważyński in 2008, Mr Przemysław Gdański in the period from 1 January 2008 to 9 May 2008, Mr Christopher Kosmider in the period from 1 January 2008 to 4 June 2008, Mr Andrzej Kopyrski in the period from 4 June 2008 to 31 December 2008 and Messrs Diego Biondo and Marco Iannaccone from 11 December 2008 to 31 December 2008."

2) The new sentence is added after the sentence mentioned in point 1 with the following wording:

"The Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna recommends to the General Meeting not to grant to Mrs. Katarzyna Niezgoda-Walczak the vote of approval for performance of duties in the period from 1 January till 31 December 2008".

Legal base:

§ 38 sect. 1 p. 3 of the Ordinance of the Minister of Finance, dated 19 February 2009 re: current and periodical information submitted by the issuers of securities and conditions of considering as equal the information required by the legal provisions of the non-member country (Journal of Law No. 33, pos. 259)