Holding(s) in Company

    Bank Przemyslowo - Handlowy PBK SA

Current report no. 71/2003

Bank Przemyslowo - Handlowy PBK SA kindly informs that the Bank's Management
Board has expressed its intention to overtake a banking enterprise run by
Spóldzielczy Bank Rozwoju "Samopomoc Chlopska" in Warsaw (SBR).

This decision has been taken prior to further analysis of potential
opportunities for capital investment in SBR in a view of unsuccessful efforts in
a process of finding a strategic investor for SBR.

BPH PBK SA holds 76.05% of the SBR's stake. The take-over is still dependant on
obtaining the Banking Supervision Commission's permission. The Bank is going to
inform about further measures.

SBR is a niche co-operative bank, total assets amount to PLN 283.5 mln (as at 30
June 2003) with a network of 14 outlets.

BPH PBK SA is a nation-wide, universal bank, with a network of 486 outlets,
total assets amount to PLN 42.7 bn (as at 30 June 2003).

SBR's customers will reach an access to BPH PBK attractive and sophisticated
banking products, including payment and credit cards, call centre as well as
internet banking. They will also benefit from a wide loan offer and a free of
charge access to 1,155 ATMs.

The BPH PBK SA Management Board indends to take-over SBR in the most favourable
way bearing in mind the interest of SBR's customers as well as its minority
stakeholders.