21.06.2011 Current report No. 39/2011The Management Board of BRE Bank SA announces that on 20 June 2011 Dom Inwestycyjny BRE Banku S.A. ("DI BRE"), a subsidiary of BRE Bank SA, sold 2919 bonds with the pre-emptive right of the C1 series issued by BRE Bank SA in the course of implementation of the incentive programme for members of the Management Board of BRE Banku SA run based on Resolution No. 20 and No. 21 of the Ordinary General Meeting of BRE Bank SA of 14 March 2008 ("Programme").2919 of the bonds with the pre-emptive right of the C1 series issued by BRE Bank SA in the course of implementation of the Programme had been previously acquired by DI BRE as a result of their allocation for the benefit of DI BRE as the trustee, based on the Resolution No. 13/10 of the Management Board of BRE Bank SA of 17 February 2010 in connection with the effective acceptance of the proposal to acquire those bonds, submitted to DI BRE by  BRE Bank SA on 27 January 2010 accordingly to the provisions of Article 9 point 3 of the Bonds Act of 29 June 1995.  The above-mentioned bonds were sold by DI BRE for the benefit of an eligible person to grant him/her the pre-emptive right to acquire ordinary bearer shares of BRE Bank SA, which will be issued in the course of implementation of the Programme. Average unit sale price of the above-mentioned bonds is PLN 0.01. At the same time, on 20 June 2010, BRE Bank SA redeemed a total number of 2919 of the above-mentioned bonds from the eligible person within the Programme. The basis for the redemption of the above-mentioned bonds from the eligible person within the Programme were the provisions of Resolution No. 21 of the General Meeting of BRE Bank SA of 14 March 2008. In the course of the Programme, the redemption occurred at PLN 0.01 per bond, and the bonds were redeemed by BRE Bank SA for the purpose of remission. On 20 June 2011 in the course of the Programme BRE Bank SA remitted all the 2919 bonds.