1. Structured Finance and Financial Institutions Department / February 2005 1 February 2005 PKO IN A NUTSHELL

2. Structured Finance and Financial Institutions Department / February 2005 2 Total Assets of Polish Banks

3. Structured Finance and Financial Institutions Department / February 2005 3 PKO Bank Polski Overview  85 years of tradition  Largest branch network in Poland (1 266 own branches, 2 725 agencies)  Ratings: Moody’s: Long-Term A2, Short-Term P-1 Capital Intelligence: LT BBB+, ST A2 Standard & Poors: Long-Term BBBpi  PKO is handling 5,5 mio accounts for individual customers  5,4 mio banking cards issued

4. Structured Finance and Financial Institutions Department / February 2005 4  Retail banking  Private and corporate lending  Foreign exchange  International settlements  Trade finance  Brokerage  Leasing  Internet banking PKO Products and Services

5. Structured Finance and Financial Institutions Department / February 2005 5 Bank’s Organization Corporate Centres:70 Branches:1266 December, 2004

6. Structured Finance and Financial Institutions Department / February 2005 6 PKO Group PKO/Credit Suisse Mutual Fund - mutual fund created in co-operation with Credit Suisse in July 1997. PKO was the first bank in Poland which obtained The Security Commission’s permission to sell units through the banking network Bankowy PTE S.A. - wholly-owned common pension fund established in August 1998 in order to conduct activity within the so-called second pillar of social security system BANKOWY Fundusz Leasingowy S.A. - leasing subsidiary created in February 1999 PKO Inwestycje S.A. - investment company, specializing in big developmental projects, established in 2001 eService - electronic payment (cards) settlements centre established in August 1999 (as the third one on the market) Inteligo Financial Services S.A. - internet banking services

7. Structured Finance and Financial Institutions Department / February 2005 7 PKO Growth 1991-2004 Balance Sheet Total in PLN bn (nominal value) € 1 = PLN 4.0 (Feb 05)

8. Structured Finance and Financial Institutions Department / February 2005 8 PKO’s privatisation 11 X Launch of PKO BP stock sales to holders of privatization deposits 21 X Announcing of the official price range for the shares 22 X - 3 XI Individuals subscribing to shares in the brokerage houses 22 X - 3 XI Registration of shares purchase statement from institutional investors 3 XI Setting of the share price 6 XI Allocation of shares to individual investors during the special stock exchange session 10 XI Date of PKO BP's first listing at the Warsaw Stock Exchange

9. Structured Finance and Financial Institutions Department / February 2005 9 Client Base  Over 5.5 million personal current accounts  Ca. 2.6 million savings books  Ca. 440 thousand corporate accounts - mainly small and medium size companies December 2004

10. Structured Finance and Financial Institutions Department / February 200510 Personal Current Accounts PKO market share December 2004 Source: IBnGR

11. Structured Finance and Financial Institutions Department / February 200511 Personal Internet Bank Accounts PKO market share December 2004

12. Structured Finance and Financial Institutions Department / February 200512 PKO’s Position in the Polish Banking Market (estimations)  No 1 in terms of assets - ca 17% of the banking sector (September 2004)  No 1 in terms of capital - ca 15% of the banking sector (September 2004)  No 1 in terms of outlets * ( 3 991 outlets, including agencies)- ca 40% of the market (December 2004)  No 1 in terms of current accounts for individuals - ca 34% of the market (December 2004)  No 1 in terms of credits granted - ca 14% of the market (December 2004)  No 1 in cash and payment cards issued (5,44 million) – ca.25% of the market (December 2004)  No 1 in number of ATMs - 1785 installed machines, ca 22% of the market (December 2004) * without co-operative banks

13. Structured Finance and Financial Institutions Department / February 200513 Total Assets September 2004

14. Structured Finance and Financial Institutions Department / February 200514 Net Profits – 3rd quarter of 2004

15. Structured Finance and Financial Institutions Department / February 200515 Ratio Analysis

16. Structured Finance and Financial Institutions Department / February 200516 DEPARTAMENT FINANSOWANIA STRUKTURALNEGO I INSTYTUCJI FINANSOWYCH ul. Puławska 15 00-975 Warszawa tel: (48 22) 521 80 67 fax.: (48 22) 521 80 68