05.06.2012 Current report No. 31/2012The Management Board of BRE Bank SA announces that Dom Inwestycyjny BRE Banku SA ("DI BRE"), subsidiary of BRE Bank SA, on 4 and 5 June 2012 sold:11,668 C series bonds with preemptive right issued by BRE Bank SA within the framework of the employee incentive programme for members of the Management Board of BRE Bank SA implemented based on Resolution No. 20 and 21 of the Ordinary General Meeting of BRE Bank SA of 14 March 2008  ("Programme I")2,220 D series bonds with preemptive right issued by BRE Bank SA within the framework of the employee incentive programme for key employees of BRE Bank SA Group implemented based on Resolution No. 2 and 3 of the Extraordinary General Meeting of BRE Bank SA of 27 October 2008  ("Programme II"),11,668 C series bonds and 2,220 D series bonds with preemptive right issued by BRE Bank SA within the framework of the Programme I and Programme II had been purchased by DI BRE due to allocation of the bonds to DI BRE as a trustee.The aforementioned bonds were sold by DI BRE to eligible persons in order to grant them the preemptive right to take up ordinary bearer shares of BRE Bank SA which will be issued within the framework of the Programme I and Programme II.Average sale price per the aforementioned bond is PLN 0.01.At the same time, on 4 and 5 June 2012, BRE Bank SA redeemed the aforementioned bonds from the eligible persons within the framework of the Programme I and Programme II in the total amount of 13,888.Provisions of Resolution No. 21 of the Ordinary General Meeting of BRE Bank SA of 14 March 2008 were the basis for the redemption of the aforementioned bonds from the eligible persons within the framework of the Programme I.Provisions of Resolution No. 3 of the Extraordinary General Meeting of BRE Bank SA of 27 October  2008 were the basis for the redemption of the aforementioned bonds from the eligible persons within the framework of the Programme II.Within the framework of the Programme I and Programme II, the bonds were redeemed at the price of PLN 0.01 per bond, and the bonds were redeemed by BRE Bank SA for the purposes of cancellation.On 4 and 5 June 2012, within the framework of the Programme I and Programme II, BRE Bank SA cancelled all 13,888 bonds.