17.04.2012 Current Report No. 27/2012The Management Board of BRE Bank SA hereby announces that since 10 June 2011 to 16 April 2012 the Bank concluded several agreements with one of its clients, the Bank's subsidiary ("Subsidiary") totalling PLN 820 million.The major agreements are as follows: I. Agreement between the Bank and its Subsidiary as of 16 April 2012 ("Agreement on Firm Commitment Underwriting I"). Under the Agreement on Firm Commitment Underwriting I, the Bank undertook to take up on 20 April 2012 5-year mortgage bonds issued by the Subsidiary up to PLN 200,000,000.Under the aforesaid agreement, the interest on the mortgage bonds and terms of the Bank's consideration were specified based on the market conditions. The aforesaid mortgage bonds are to be listed on the regulated market. The Agreement on Firm Commitment Underwriting I expires on 23 April 2012. The aforementioned agreement provides for standard for that type of agreements conditions precedent to fulfilment of the Bank's obligation to take up mortgage bonds issued by the Subsidiary as well as for standard for that type of agreements provisions allowing for termination of the agreement.The agreement does not provide for contractual penalties.II. Agreement between the Bank and its Subsidiary as of 21 October 2011 ("Agreement on Firm Commitment Underwriting II"). Under the Agreement on Firm Commitment Underwriting II, the Bank undertook to take up on 27 October 2011 2-year mortgage bonds issued by the Subsidiary up to PLN 200,000,000.Under the aforesaid agreement, the interest on the mortgage bonds and terms of the Bank's consideration were specified based on the market conditions. Upon the issue, the mortgage bonds were admitted to trading on the regulated market. The Agreement on Firm Commitment Underwriting II expired on 28 October 2011. The aforementioned agreement provided for standard for that type of agreements conditions precedent to fulfilment of the Bank's obligation to take up mortgage bonds issued by the Subsidiary as well as for standard for that type of agreements provisions allowing for termination of the agreement. The conditions precedent laid down in the agreement were met. The agreement did not provide for contractual penalties.III. Agreement concluded on 22 July 2011 on granting a PLN 200,000,000 loan. The repayment date falls on 21 July 2012. The loan interest is based on WIBOR increased by the Bank's margin.The agreement provides neither for penalties nor conditions precedent or subsequent.The total value of the aforementioned agreements exceeds 10 % of the Bank's equity.Additional legal basis:Article 78(3) of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and on conditions for recognizing as equivalent information required by the laws of a non-member state.