28.10.2011 Current report no. 57/2011The Management Board of BRE Bank SA hereby announces that within the last 12 months, the Bank concluded with one of its clients, the company operating in the energy industry (the “Company”), several agreements totalling PLN 716,600,000.Among them, the biggest was the annex concluded on 28 October 2011 to the warranty agreement dated 16 December 2010 on acquisition of bonds issued by the Company. The amount of bonds to be acquired by the Bank under the concluded annex increased by PLN 500 million (and thus the Bank's obligation went up to total PLN 716.6 million). The maturity period of the acquired bonds may not exceed 5 years, the interest and the terms and conditions of the Bank's consideration were stipulated in line with the market terms. The warranty agreement is effective until 30 December 2017 and provides for the conditions of fulfilment of the Bank's obligation to acquire bonds issued by the Company as well as for provisions allowing for the agreement termination, which are standard for this type of agreements. The Bank is obliged to acquire bonds (under the annex) not later than by 30 November 2017 and on the condition that the bond redemption date will not fall later than by 30 December 2017. The warranty agreement does not provide for contractual penalties.The total value of the above agreements exceeds 10% of the Bank's equity.