Current Report no. 2 (2011)

21 february 2011

Opinion of Deutsche Bank AG, London Branch, on the price of BZWBK shares in the tender offer for BZWBK’ document

Bank Zachodni WBK S.A. (‘BZWBK’) is enclosing an opinion of the third party (expert), i.e. Deutsche Bank AG, London Branch, on the price of BZWBK shares in the tender offer for BZWBK shares, as announced on 7 February 2011.

Appendix: ‘Opinion of Deutsche Bank AG, London Branch, on the price of BZWBK shares in the tender offer for BZWBK’ document.

Legal grounds: art 56. item 1, point 2 of the Act on public trading in securities, the terms of introducing financial instruments to organised trading and on public companies of 29 July 2005

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