| Press Release
7 February 2001
The Commission for Banking Supervision, at its meeting on February 7, 2001, approved the appointment of: - Jacek Furga as President of the Management Board of Hypo Vereinsbank Bank Hipoteczny S.A. with its seat in Warsaw,
- Piotr Tefelski as Member of the Management Board of Wschodni Bank Cukrownictwa S.A. with its seat in Lublin.
The Commission for Banking Supervision authorized the acquisition: - by Bayerische Hypo- und Vereinsbank AG with its seat in Munich, the controlling entity of Bank Austria AG, of an interest which entitles to over 50% but not more than 66% of all votes at the General Meeting of Shareholders of Powszechny Bank Kredytowy S.A. in Warsaw,
- by Kulczyk Pon Investment B.V. with its seat in Nijkerk, the Netherlands, of an interest in Volkswagen Bank Polska S.A. with its seat in Warsaw, which entitles to over 33% but not more than 50% of all votes at the General Meeting of Shareholders of Volkswagen Bank Polska S.A.
The Commission for Banking Supervision authorized formation of a bank to be known as Bank Svenska Handelsbanken (Polska) Spółka Akcyjna with its seat in Warsaw.
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