Registration of amendments to the By-laws of BRE Bank SA by the District Court

Current report no. 7/2012The Management Board of BRE Bank SA (the Bank"), in relation to registration on 2 February 2012 by the District Court for the Capital City of Warsaw, 12th Commercial Division of the National Court Register, of amendments to the Bank&apos|s By-laws under Resolution no. 24 of 24th Annual General Meeting of BRE Bank SA of 30 March 2011, hereby announces the amendments thereto, introduced as a result of the aforesaid registration: In Article 6:section 2, point 11 in the following wording: "11) performing brokerage activities to the extent of acceptance and transfer of orders to buy or to sell financial instruments" is deleted,and consequently the numbering changes|new section 3 in the following wording is added thereto:"3. The brokerage operations consisting of: 1) receiving and transmitting orders to purchase or sell financial instruments,2) purchasing or selling financial instruments on own account,3) offering financial instruments,4) providing services in execution of investment underwriting or placing agreements or conclusion and execution of other agreements of this kind, provided that the agreements involve financial instruments."| point 4 in the following wording is added thereto:"4. Activity performed based on Article 70(2) of the Act on Trading in Financial Instruments, consisting in:1) receiving and transmitting orders to purchase or sell financial instruments,2) purchasing or selling financial instruments on own account,3) investment advisory,4) offering financial instruments,5) providing services in execution of investment underwriting or placing agreements or in conclusion and execution of other agreements of this kind, provided that the agreements involve financial instruments."In Article 27(2) and Article 39 the "Banking Supervision Commission" is replaced with the &ldquo|Polish Financial Supervision Authority&rdquo|, and thus: Article 27(2) in the following wording: &ldquo|2. The Management Board Member responsible for the development and implementation of the Bank&rsquo|s credit policy and for the management of the Bank&rsquo|s credit and financial risk shall be appointed upon the approval of the Banking Supervision Commission.&rdquo|will read as follows:&ldquo|2. The Management Board Member responsible for the development and implementation of the Bank&rsquo|s credit policy and for the management of the Bank&rsquo|s credit and financial risk shall be appointed upon the approval of the Polish Financial Supervision Authority.&rdquo|,Article 39 in the following wording:&ldquo|Other funds included in own funds shall be created and used pursuant to the principles set forth by the Banking Supervision Commission.&rdquo|will read as follows:"Other funds included in own funds shall be created and used pursuant to the principles set forth by the Polish Financial Supervision Authority." "