16.11.2010 Current Report No. 84/2010The Management Board of BRE Bank SA (hereinafter referred to as the "Bank") announces that on 16 November it took a decision on making a declaration to Commerzbank AG (the dominant entity for the Bank) in connection with obligations of Commerzbank AG arising out of the bailout received by it in 2008 - 2009 from the Financial Market Stabilization Fund (hereinafter referred to as the "SoFFin").The declaration covers the following issues:- Ban on Advertisement – the Bank will not refer to the fact of receiving by Commerzbank AG the bailout from SoFFin to promote its products and services;- Ban on Redemption of Own Shares – the Bank will neither buy nor acquire shares of Commerzbank AG unless (1) the shares of Commerzbank AG will be offered to employees or former employees of the Bank, (2) the Bank will make the acquisition within execution of the purchase order placed by the client or (3) the Bank will make the acquisition on the basis of the resolution of the General Meeting in order to trade in securities;- Price Undertaking (by 31 December 2012) – the Bank may not offer more advantageous prices for its products or services, in particular to retail and corporate clients, compared to its three biggest competitors on the Polish market. The obligation concerns the products for which the Bank's share in the market is equal to or higher than 5 per cent- Ban on Acquisition (by 30 April 2012) – the Bank may not make (the partial) acquisition of financial institutions nor other enterprises potentially competing with Commerzbank AG, excluding among other things(1) internal sales and restructuring within the Commerzbank AG Group, (2) capital increase to avoid equity dilution, (3) put options granted to the Bank prior to 7 May 2009, (4) establishment of special purpose vehicles solely based on own funds, (5) transformation of a company into joint venture providing that the transformed part is lower or equal to the Bank's interest in joint venture and on condition that the Bank does not take the control in the said joint venture.The Bank undertakes to perform the above providing that the mentioned obligations will not be in contradiction with the Polish law, the Bank's By-Laws, recommendations or opinions of the Polish Financial Supervision Authority as an institution exercising supervision over the Bank, will not reach beyond the scope of powers of the Bank's Management Board  and/or will be in the best interest of the Bank, in particular with respect to prudent and stable management of the Bank on the basis of the Bank's individual situation and specificity of the Polish financial market. The Bank's Management Board - according to its knowledge as at the date of taking the decision on signing the declaration - does not predict that meeting the above-mentioned obligation would be to the detriment of the Bank's interest.The analyses conducted by the Bank show that the present offer of BRE Bank is not in contradiction with the price undertaking mentioned above.