11.05.2011 Current Report No. 23/2011BRE Bank SA (the "Bank") announces that on 28 April 2011, the Bank acceded to a syndicate agreement connected with extending a loan to one of the Bank's clients.The Bank's share in the syndicate loan is EUR 200,000,000 (PLN 787,060 thousand at the fixing rate of the National Bank of Poland as at 28 April 2011).The loan will be spent on general corporate purposes and on refinancing the existing credit line facilities.The agreement was concluded for 5 years and provides for two one-year extension options.The loan interest is based on the WIBOR/EURIBOR/LIBOR/PRIBOR rate increased by the Bank's margin.The agreement includes standard conditions precedent to granting the loan, which are typical of such agreements. In a separate report the Bank will announce whether these conditions have been satisfied and the loan released.The value of the agreement accounts for over 10 per cent of the Bank's own capital.Additional legal basis: Article 78(3) of the Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information published by issuers of securities and on conditions for recognising as equivalent information required by the laws of a non-member state.