14.06.2011 Current Report No. 31/2011The Management Board of BRE Bank SA announces that Dom Inwestycyjny BRE Banku S.A. ("DI BRE"), the subsidiary of BRE Bank SA, on 13 -14 June 2011 sold 5720 senior bonds C1 series and 798 bonds C2 series issued by BRE Bank SA within the framework of the incentive programme for members of the Management Board of BRE Bank SA implemented based on the Resolution No. 20 and No. 21 of the Ordinary General Meeting of BRE Bank SA of 14 March 2008 ("Programme").5720 senior bonds C1 series and 798 bonds C2 series issued by BRE Bank SA within the framework of the Programme had been previously purchased by DI BRE as a result of their allocation for DI BRE as a trustee, under the Resolution No. 13/10 of the Management Board of BRE Bank SA of 17 February 2010 in connection with the effective adoption of the proposal to purchase those bonds, submitted to DI BRE by BRE Bank SA on 27 January 2010 in accordance with the provisions of Article 9 point 3 of the Bonds Act of 29 June 1995.The aforementioned bonds were sold by DI BRE to eligible persons in order to grant them the right of priority to take up ordinary bearer shares of BRE Bank S.A. which will be issued within the framework of the implementation of the Programme.Average sale price of a unit is PLN 0.01. At the same time, on 13-14 June 2011, BRE Bank S.A. redeemed the aforementioned bonds from the eligible persons within the framework of the Programme in total amount of 6518. The basis for redemption of these bonds from the eligible persons within the framework of the Programme were the provisions of Resolution No. 21 of BRE Bank SA's General Meeting of Shareholders of 14 March 2008 Within the framework of the Programme, the redemption occurred at the price of PLN 0.01 per bond and the bonds were purchased by BRE Bank S.A. in order to remit them.On 13 and 14 June 2011, within the framework of the Programme BRE Bank SA remitted all the 6518 bonds.