03.04.2012 Current Report No. 21/2012 The Management Board of BRE Bank SA (the "Bank") announces that on 30 March 2012 Ordinary General Meeting of Shareholders of BRE Bank SA appointed Stephan Engels as member of the Supervisory Board of the Bank, effective as of 1 April 2012 until the end of the current term of the Supervisory Board. Stephan Engels was born on March 9, 1962 in Hamburg. He studied Economics and Social Sciences at the University of St. Gallen in Switzerland from 1983 until 1987. In 1988 he joined Daimler-Benz AG, as the company was then called. Subsequently, he held various positions in Corporate Audit, Finance and Controlling and became Chief Financial Officer, DaimlerChrysler Financial Services AG in 2003. Prior to the start as a Member of the Management Board of Commerzbank AG on 1. April 2012,  Mr. Stephan Engels has been a member of the Executive Committee of Mercedes-Benz Cars [with responsibility for Finance & Controlling] since 2007. The Supervisory Board of Commerzbank AG appointed Stephan Engels to the Board of Managing Directors of Commerzbank as Chief Financial Officer with effect as from April 2012. In accordance with information collected by the Bank, Stephan Engels is not involved in activities competitive to the Bank. Mr. Stephan Engels is not registered in the Register of Insolvent Debtors maintained under the National Court Register Act. In accordance with the criteria applied by the Bank Stephan Engels is not an Independent Member of the Supervisory Board"