Bank Przemyslowo - Handlowy PBK SA

Current report no. 87/2003

Bank Przemyslowo - Handlowy PBK SA (BPH PBK) informs that on 26 November, 2003
it signed with one of Bank's Clients an agreement on granting a credit in the
amount of PLN 400 million for the period of 1 year.

The Bank's total exposure to this Client amounts to PLN 1,494,900,000.