Current reports

Current Report No. 12 of 21 May 2008 on the change of the Management Board's recommendation on the proposed distribution of the net profit for 2007, including the proposed amount to be allocated for dividend payment.

Legal basis: § 39 section 1 item 7 of the Ordinance of the Minister of Finance on current and periodical information provided by issuers of securities dated 19 October 2005 (Journal of Laws of 2005, No. 209, item 1744).

On 20 May the Management Board of Bank Handlowy w Warszawie S.A. changed its recommendation on the proposed distribution of the net profit for 2007, including the proposed amount to be allocated for dividend payment specified in Current Report No. 5/2008 of 18 March 2008.
The Management Board of the Bank proposed to appropriate the amount of PLN 620,633,100.00 for dividend payment. According to the aforementioned proposal, the dividend per ordinary share amounts to PLN 4.75.

The Bank’s Management Board proposed to set the dividend date for 4 July 2008 and the date of the dividend payment for 29 August 2008.

The aforementioned proposal of the Management Board of the Bank has already been reviewed and approved by the Supervisory Board and it will be presented to the Annual General Meeting of Shareholders for approval.