RNS Number:0718T
Bank Pekao SA
09 December 2003

UNOFFICIAL TRANSLATION

(9th December 2003)

Current report 139/2003

Registration of the Capital Increase of Leasing Fabryczny Sp. z o.o.

The Management Board of Bank Polska Kasa Opieki S.A. informs that on 9th of
December, 2003 the Bank received a decision of the Lublin District Court, XI
Commercial Division of the National Court Registry dated 5th of December, 2003
on entry in the National Court Registry - Enterprise Registry of the increase of
the share capital of Leasing Fabryczny Sp. z o.o. (the Bank's subsidiary with
registered office in Lublin) from PLN 12,449,800 (twelve million four hundred
forty nine thousand eight hundred) to PLN 28,149,000 (twenty eight million one
hundred forty nine thousand), i.e. by the amount of PLN 15,699,200 (fifteen
million six hundred ninety nine thousand two hundred).

The increase of capital has been carried out by the issue of 7,136 (seven
thousand one hundred thirty six) new shares with nominal value PLN 2,200 (two
thousand two hundred) each. The increase of capital was paid on 2nd December
2003 by Bank Polska Kasa Opieki S.A. by in-kind contribution of 356,973 (three
hundred fifty six thousand nine hundred seventy three) shares with nominal value
PLN 1,000 (one thousand) each in Pekao Leasing Sp. z o.o., with registered
office in Warsaw.

As a result of capital increase Bank Polska Kasa Opieki S.A. holds 12,795
(twelve thousand seven hundred ninety five) shares which constitute 100% of the
equity of Leasing Fabryczny Sp. z o.o. and 12,795 (twelve thousand seven hundred
ninety five) votes which comprise 100% of votes at the Shareholders Meeting of
Leasing Fabryczny Sp. z o.o.

The book value of shares contributed in-kind amounts to PLN 18,434,835.52
(eighteen million four hundred thirty four thousand eight hundred thirty five 52
/100) and is consistent with valuation of these shares in Banks accounts.

Legal basis

Section 5 subsection 1 clause 12 Decree of the Council of Ministers dated 16th
of October, 2001 - Dz. U. Nr 139, poz. 1569 with later changes

Section 4 subsection 3 clause 9 of the Trading Rules, Resolution No. 29/01 of
Supervisory Board of Centralna Tabela Ofert Joint Stock Company of October 30,
2001




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