Information of the BRE Bank Management Board provided under Article 428 5 of the Code of Commercial Partnerships and Companies

Acting in accordance with Article 428 §| 5 of the Code of Commercial Partnerships and Companies dated 15 September 2000 (Journal of Laws of 2000, No. 94, item 1037, as amended), on behalf of BRE Bank SA with its registered office in Warsaw (hereinafter referred to as the Bank"), below we present the replies to two questions raised during the 26th Annual General Meeting of the Bank, which took place at the Bank on 11 April 2013.Question:Does the proceedings against the Bank instituted on 7 January 2013 by the Tax Inspection Authority on the reliability of the tax base declared and the correctness of calculating and paying corporate income tax for 2007 result from the suspicion of any irregularities at the Bank?Reply:To the | best of our knowledge, the above mentioned proceedings instituted | against the Bank on 7 January 2013 by the Tax Inspection Authority is a regular tax audit at the Bank, not caused by suspicions of any specific irregularities.Question:What amount will be allocated for the incentive programmes run at the Bank (the programme for the Management Board of the Bank and for the top managers), i.e. what amount does the Bank estimate for finalising these programmes?Reply:As we understand, the aim of the question was to obtain information on the total, maximum number of shares which could be issued by the Bank under each of the programmes and how many shares have been issued so far. In accordance with the assumptions of the incentive | programme for the Management Board of the Bank, from 2008 to 2018 550,000 common bearer shares of the Bank may be issued, whereas from 2009 to 2019 under the programme for top managers at the Bank and the Bank Group 700,000 common bearer shares of the Bank may be issued. Until today, under the incentive programme for the Management Board 67,804 common bearer shares of the Bank have been issued, whereas under the programme for top managers of the Bank and the Bank Group - 12,100 common bearer shares of the Bank have been issued."