22.03.2013 Current Report No. 20/2013The Management Board of BRE Bank SA (the "Bank") announces that on 7 March 2013, Maciej Leśny, Chairman of the Supervisory Board of the Bank, informed the Management Board of the Bank about recommendations on changes in the Management Board and the Supervisory Board of the Bank.Owing to the expiry of the term of the Management Board of the Bank on the date of the Annual General Meeting (the "AGM") in 2013, the Remuneration Committee of the Supervisory Board recommended the Supervisory Board not to appoint Wiesław Thor, Vice-President of the Management Board of the Bank, for the next term of the Management Board.The Remuneration Committee recommended Lidia Jabłonowska-Luba, currently acting as Advisor to the Management Board of the Bank, as Member of the Management Board for the next term. Lidia Jabłonowska-Luba is an experienced manager who performed numerous top management functions in Poland and abroad. In particular, she worked for Schroeder Salomon Smith Barney Polska, Bank Handlowy w Warszawie SA, TUiR Warta SA and TUnŻ Warta SA, and Kredyt Bank SA;  recently, Ms Jabłonowska-Luba served as head of risk and value management at KBC Group (Belgium).Commerzbank AG, the main shareholder of BRE Bank, intends to recommend Wiesław Thor as member of the Supervisory Board of the Bank to the next AGM, due to Mr Thor's long-standing experience and sound knowledge of the Bank. Moreover, Commerzbank AG intends to recommend Martin Blessing, President of the Management Board of Commerzbank AG responsible for operations in Central and Eastern Europe, as member of the Supervisory Board of the Bank to the Annual General Meeting of BRE Bank SA. Therefore, at the next Annual General Meeting of BRE Bank SA the Supervisory Board will propose a resolution on increasing the number of members of the Supervisory Board of the Bank.