Security deposit agreement with BRE Finance France S.A.

Current Report No. 85/2012With reference to Current Report No. 26/2012 dated 13 April 2012 concerning the Euro Medium Term Notes Programme, the Management Board of BRE Bank SA (the Bank") announces that on 4 October 2012 the Bank and its subsidiary BRE Finance France S.A. (the Bank holds 99.98% of the subsidiary&apos|s shares) signed a security deposit agreement totalling EUR 497,770,000.00 (PLN 2,037,521,941.00 at the fixing rate of the National Bank of Poland prevailing on 4 October 2012).The funds comprising the security deposit were raised by BRE Finance France S.A. from Eurobonds, issued on 4 October 2012, with a nominal value of EUR 500,000,000.00 (PLN 2,046,650,000.00 at the fixing rate of the National Bank of Poland prevailing on 4 October 2012) maturing in 2015, and will be used to back the guarantee issued by the Bank to secure the payment obligations arising from the Eurobonds. The interest on the Eurobonds is 2.75% p.a. The Eurobonds will be quoted in Luxembourg.The security deposit will be owned by the Bank until the Eurobonds are repaid in 2015.On an annual basis, the Bank will pay BRE Finance France S.A., the provider of the security deposit, fixed interest and an additional repurchase premium amounting to EUR 2,230,000.00 (PLN 9,128,059.00 at the fixing rate of the National Bank of Poland prevailing on 4 October 2012).The security deposit agreement includes no conditions subsequent or precedent. The agreement provides for no contractual penalties.The funds comprising the security deposit will be used to finance the general banking operations of the Bank.The amount of the security deposit agreement exceeds 10% of the Bank&rsquo|s equity.At the same time, the Management Board of the Bank announces that on 5 October 2012 Fitch Ratings, a global rating agency, awarded a long-term rating "A" to the tranche of bonds totalling EUR 500,000,000 issued by BRE Finance France S.A. on 4 October 2012 as part of the Euro Medium Term Notes Programme (EMTN)| an identical rating was awarded to the Bank and to the issue of senior debt under the EMTN Programme announced by the Bank in Current Report No. 26/2012 dated 13 April 2012."