Agreement of services in the process of initial public offering of the shares of Bank BGŻ

Bank BGŻ, Credit Suisse Securities (Europe) Ltd, Law Office Baker & McKenzie Gruszczyński i Wspólnicy and Dom Maklerski PKO BP have concluded an agreement of services in the process of initial public offering of the shares of Bank BGŻ.

The responsibility of the advisers will be among other things: the drafting of issue prospectus and of its short version and also conducting and servicing of the process of selling the banks shares in the public offer.

Following the resolution of Extraordinary Shareholder Meeting the first public offering of the Bank BGŻ should take place at Warsaw Stock Exchange in the first half of 2008 no later than by the end of the Q3 of 2008. The management Board of Bank BGŻ has been empowered to carry out any factual and legal activities associated with the listing at Warsaw Stock Exchange.

According to the declaration of the Ministry of State Treasury the whole stake currently held by the Treasury, that is 37,3 %, shell be put for sale.