Re Agreement

RNS Number:0716T
Bank Pekao SA
09 December 2003

UNOFFICIAL TRANSLATION

(9th December 2003)

Current report 137/2003

Transaction with related entity

The Management Board of Bank Polska Kasa Opieki S.A. informs that on 9th of
December, 2003 the Bank purchased from UniCredito Italiano (the branch of
UniCredito Italiano SpA in Singapore), which belongs to UniCredito Italiano
S.p.A. with registered office Piazza Cordusio 2, Milan, Italy, the certificate
of deposit issued by UniCredito Italiano (Singapore Branch), for the total
amount of PLN 600,000,000 (six hundred million). Issue price was set at 100% of
the notional value. The settlement date of above transaction has been set on
10th of December 2003 and maturity date on 29th of December 2003.


Legal basis:

Section 5 subsection 1 clause 8 of the Council of Ministers dated 16th of
October, 2001 - Dz. U. Nr 139, poz. 1569 with later changes

Section 4 subsection 3 clause 8 of the Trading Rules, Resolution No. 29/01 of
Supervisory Board of Centralna Tabela Ofert Joint Stock Company of October 30,
2001








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