Prospectus - Notowania

ank guarantee fund and to establish a protection fund for the guaranteed capital. The
assets reserved for the protection fund for the guaranteed capital cannot be pledged or
restricted in any way, nor can they be subject to administrative forced execution
measures or those issued by a court.
The mandatory guarantee system for bank account deposits guarantees the depositors
the repayment of their sums due up to a set limit. Deposits up to a total amount of
Zloty equivalent to €50,000 must be covered by a full guarantee. The deposits covered
by the bank guarantee fund are mainly made up of sums deposited in bank accounts
and amounts due on the basis of receivables confirmed by documents issued by banks.
Among others, sums deposited by government authorities, other banks, financial
institutions, insurance companies, investment and pensions funds are not covered by
the afore-mentioned guarantee scheme.
Provisions applicable to public companies
The majority of Polish commercial banks, including Bank Pekao, are public
companies listed on the organized market in Poland run by the Warsaw Stock
Exchange and, therefore, are also subject to legislation applicable to these categories
of companies. This legislation specifically includes: (i) the consolidated law dated July
29, 2005 on public offers, the conditions governing the introduction of financial
instruments to the organized trading system and on public companies; (ii) the
consolidated law dated July 29, 2005 on the trading of financial instruments; and (iii)
the consolidated law dated July 29, 2005 on the supervision of capital markets.
Therefore, Bank Pekao, the shares issued by the same and the activities carried out are
subject to different obligations, the main ones being:
(i) disclosure obligations, in accordance with which the bank is obliged to
provide the general public with: (a) its inside information, (b) period reports
(quarterly, six-monthly and annual financial information) and (c) up-dated
reports relating to the most significant events regarding its internal structure
and activities;
(ii) the acquisition of significant equity investments in the bank which could lead
to communication obligations or oblige the purchaser to launch a take-over
bid on all or part of the shares;
(iii) the shares of the bank must be in dematerialized form (i.e. no longer paper
based) and centralized with the deposit and settlement system managed by the
Polish National Securities Depositary.
6.2. Organisational Model
The following organisational chart shows the organisational structure of the Issuer as at the date
of the Prospectus.
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