Bank Przemyslowo - Handlowy PBK SA

Current report no. 8/2004

Bank Przemyslowo-Handlowy PBK SA kindly informs that on 14 January, 2004 it has
signed the conditional agreement with Getin Holding SA to sell of all shares of
G�rnolski Bank Gospodarczy SA belonging to BPH PBK for the amount of PLN 255
million. The stake to be sold represents 71.2% of share capital and entitles to
71.2% votes at GBG SA's General Shareholders Meeting.

The signed agreement on share sale is conditional upon, among other things,
obtaining by Getin Holding SA appropriate approvals of the Office for
Competition and Consumer Protection as well as the Banking Supervision
Commission.

The final execution of the signed agreement on GBG SA share sale will also
depend on the lack of any essential negative changes in GBG SA between now and
the day on which the transaction can be settled upon collecting of all necessary
administrative permits and approvals by the buyer.