13.04.2012 Current Report No. 26/2012 The Management Board of BRE Bank SA (’Bank’) informs that on 12 April 2012 BRE Finance France SA (a subsidiary of BRE Bank, of which the Bank holds 99.98% of shares) as the Issuer and BRE Bank SA as the issue underwriter signed an agreement for a Euro Medium Term Note Programme (EMTN) for a total amount of up to EUR 2,000,000,000 (equivalent to PLN 8.348.000.000 according to the average NBP exchange rate as of 12 April 2012). Under the EMTN Programme, the Issuer will have a right to issue debt securities in  multiple tranches, various currencies and with diverse interest structure. The Luxemburg Stock Exchange admitted the Programme to trading.  The debt securities will be unconditionally and irrevocably guaranteed by BRE Bank. BRE Bank agreed to extend future guaranties of payment of any amounts payable on debt securities issued under the Programme. An additional fee for BRE Bank in respect of guaranties is not provided for in the agreement. The agreement does not provide for contractual penalties and conditions precedent or subsequent. The EMTN Programme is arranged by Commerzbank AG. The dealers of the Programme are: Barclays, Commerzbank,  Deutsche Bank, Erste Group, J.P. Morgan,  BofA Merrill Lynch, Credit Suisse, DZ BANK AG, HSBC, UniCredit Bank. On 12 April 2012, Fitch Ratings and Moody’s Investors Service assigned ratings for the Euro Medium Term Note Programme. Fitch assigned a Long-term senior unsecured debt rating of ’A’ and a Short-term senior unsecured debt rating of ’F1”, which corresponds to BRE Bank’s rating.  Moody’s assigned to the backed senior unsecured debt a provisional rating of (P) Baa2 (the rating is on review for possible downgrade), i.e. in accordance with the level and outlook of BRE Bank’s  long-term rating.  Final ratings for debt securities issued under the Programme will be assigned in time of the issue of particular tranches.  Receipts from the issue of debt securities will be remitted to BRE Bank. The funds will be used to finance general banking operations.  The value of said agreement exceeds 10% of BRE Bank’s equity.