12.06.2012 Current report no. 37/2012The Management Board of BRE Bank hereby informs, that on 11 June 2012  Moody’s Investors Service confirmed the long-term deposit rating of BRE Bank at ’Baa2’. The outlook of the long-term rating is negative. The long-term rating was under review for possible downgrade since 19 January 2012 (current report No. 4/2012). The long-term rating of BRE Bank takes into account Moody's assessment of potential parental support from Commerzbank and systemic support. On 6 June 2012, Moody’s completed the review of Commerzbank within the framework of rating reviews of German banks. The long-term and short-term ratings of Commerzbank were lowered by one notch - to ’A3’ and ’'Prime-2’ respectively. The standalone Bank Financial Strength Rating (BFSR) of Commerzbank, was confirmed at ‘D+’/’baa3’, but with the negative outlook. Moody’s press-release dated 11 June 2012 underlines the assessment of high parental support from Commerzbank and high expectation of systemic support, which BRE Bank would  obtain as the third largest bank in Poland with sustained market shares and a sizable customer deposit base.   The current rating of BRE Bank by Moody’s is as follows: Long-term deposit rating: ’Baa2’, negative outlook,Short-term deposit rating: ’Prime-2’,BFSR: ’D’, stable outlook.    Provisional rating of the backed senior unsecured notes, which could be issued under the Euro Medium -Term Note Programme (EMTN:  (P) ’ Baa2’