Subsidiary's Assets Disposal

RNS Number:3529U
Bank Pekao SA
16 January 2004


UNOFFICIAL TRANSLATION

(16th of January 2004)

Current report 3/2004

Sale of financial assets by Bank's subsidiary


Management Board of Bank Polska Kasa Opieki S.A. informs that on 14th of
January, 2004 Pekao Fundusz Kapitalowy Sp. z o.o. with registered office in
Warsaw (100% subsidiary of Bank Polska Kasa Opieki S.A.) signed with Mr Jozef
Stuglik, living in Inwald, the Agreement on Sale of all 10,116 (ten thousand one
hundred sixteen) shares held in Zaslaw ZPiN Sp. z o.o. with registered office in
Zagorz, which constitute 86.20% of the share capital and entitle to 16,116
(sixteen thousand one hundred sixteen) voting rights, i.e. 90.86% of all votes
during Meeting of Shareholders.

On 14th of January 2004 a transfer of all 10,116 (ten thousand one hundred
sixteen) shares of Zaslaw ZPiN Sp. z o.o. to Mr Jozef Stuglik was conducted.

As a result of the above-mentioned agreement Pekao Fundusz Kapitalowy Sp. z o.o.
stopped to be a  shareholder of Zaslaw ZPiN Sp. z o.o.

The information has been released because of the fact that sold shares
constitute above 20 % subsidiary equity, which makes them financial assets of
significant value as defined by Polish law.



Legal basis

Section 5 subsection 1 clause 1 Decree of the Council of Ministers dated 16th of
October, 2001 - Dz. U. Nr 139, poz. 1569 and Section 4 subsection 3 clause 1 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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