Current reports

Current Report No. 25/2007

Bank Handlowy w Warszawie S.A. informs that by way of resolution of 28 September 2007 the Management Board convened an Extraordinary General Meeting of the Bank for 23 November 2007. The Extraordinary General Meeting of the Bank will be held
at 11.00 am in the Bank’s seat in Warsaw, at 7/9 Traugutta Street, 1st floor,
L. Kronenberg room.

Agenda of the meeting:
1. Opening of the General Meeting;
2. Election of the Chairperson of the General Meeting;
3. Concluding the correctness of convening the General Meeting and its ability to adopt binding resolutions;
4. Adoption of the agenda;
5. Election of the Voting Committee;
6. Adoption of a resolution on amendments to the Bank’s Articles of Association.
7. Closure of the General Meeting.

In connection with the intended change of the Articles of Association, Bank Handlowy w Warszawie S.A. presents the current and proposed wording of its provisions.

In § 18 Section 1 of the Articles of Association the current wording of Item 10:
„10)  performing supervision over the introduction of the management system
in the Bank and assessing the adequacy and effectiveness of the system.”,

shall be changed as follows:
„10) performing supervision over the introduction and monitoring of the management system in the Bank, including in particular performing supervision over the management
of the non-compliance risk, and conducting, at least once a year, the assessment
of the adequacy and effectiveness of the system”.

In § 18 Section 1 of the Articles of Association Items 11-18 shall be added in the following wording:
„11)  approving strategies, policies, procedures, plans and analyses on the risk management system, internal control system and assessment of internal capital,
12)  approving a strategy of the Bank’s  activity and the rules of prudent and stable management of the Bank,
13)   approving the fundamental organizational structure of the Bank, harmonized with the size and profile of the incurred risk and determined by the Bank’s Management Board,
14)  accepting a general level of the Bank’s risk,
15)  approving foundations of the Bank’s policy on non-compliance risk,
16)  approving the Bank’s internal procedures on processes for the calculation
of internal capital, capital management and capital planning,
17) approving the Bank’s information policy,
18)  approving of an internal control procedure.”

Registered deposit certificates should be delivered to Bank Handlowy w Warszawie SA, Shareholder Registration Desk in Warsaw, 16 Senatorska Street (main entrance
– ground floor) between 7 November 2007 and 14 November 2007 at 10:00 a.m.
– 02:00 p.m.