2014.03.29 Current Report No. 24/2014 - Determination of the adjusted purchase price of the shares of Nordea Bank Polska S.A. and Nordea Polska Towarzystwo Ubezpieczeń na Życie S.A.

Legal basis:

Article 56 Section 1 item 1 of the Act on Public Offerings and the Conditions for Introducing Financial Instruments to the Organised Trading System and on Public Companies of 29 July 2005.

Content of the report:

In conjunction with the Current Report No. 37/2013 of June 12, 2013 concerning the conclusion of an agreement by PKO Bank Polski S.A. (the "Bank") with Nordea Bank AB (publ), a company registered in Sweden, concerning the acquisition of the shares in Nordea Bank Polska S.A. ("Nordea Bank Polska"), Nordea Polska Towarzystwo Ubezpieczeń na Życie S.A. and Nordea Finance Polska S.A. by the Bank (the "Agreement"), the Bank hereby announces that pursuant to the provisions of the Agreement, on 28 March 2014: (i) the purchase price of the shares of Nordea Bank Polska and (ii) the purchase price of the shares of Nordea Polska Towarzystwo Ubezpieczeń na Życie S.A. have been adjusted.

The adjusted purchase price for 55,061,403 shares of Nordea Bank Polska to be acquired by the Bank from Nordea Bank AB (publ) amounts to PLN 2 620 401 976.

The adjusted purchase price for 1,725,329 shares of Nordea Polska Towarzystwo Ubezpieczeń na Życie S.A. to be acquired by the Bank from Nordea Life Holding AB amounts to PLN 184 636 248.

The above adjustments have been made due to the financial results of Nordea Bank Polska and Nordea Polska Towarzystwo Ubezpieczeń na ŻycieS.A., respectively, in the period between 1 January 2013 and 28 February 2014.

distributed by