Bank BPH presents below CVs of members of Supervisory Board appointed by General Shareholders Meeting dated 26 April 2007. Alicja Kornasiewicz PROFESSIONAL EXPERIENCE: UniCredit Markets &Investment Banking (UniCredit Group) October 2000 - present Member of the Board of CA IB Corporate Finance GmbH, Vienna CEO, Responsible for all investment banking activities in Central and Eastern Europe (Privatisations, ECM Transactions, Financial Advisory and Mergers & Acquisitions)Chairman of UniCredit CA IB Polska S.A. Bank BPH SA President of the Supervisory Board November 2001 - present Ministry of the State Treasury December 1997 July 2000 Secretary of State - First Deputy Minister Responsible for the sale of strategic companies and financial institutions, National Investment Funds Programme, Department for Defence Sector, Department for European Integration. Supervised privatisation processes with a total value of US$ 8bn. European Bank for Reconstruction and Development Head of Warsaw Resident Office Warsaw 1996-1997 Senior Banker-Poland Team London 1993-1996 Key responsibilities included deal origination, structuring, due diligence investigation, negotiations, legal appraisal and monitoring of portfolio companies. From 1973-1993 she held numerous posts of ever increasing responsibility utilizing her financial, accounting and economics knowledge, and business and negotiating acumen in both the private and public sectors, including Moore Stephens Consulting and Chartered Accountants, Impexmetal, Norblin Rolling Mill, Interpegro Sp z o.o., Unitra Foreign Trade Company and the Ministry of Internal Trade. EDUCATION AND PROFESSIONAL QUALIFICATIONS: 2003 The Pozna University of Economics PhD (Dissertation: Venture Capital in Developed Countries and Poland) 1978 Statutory Auditor (license no. 1777), Member of The National Association of Certified Auditors 1969-1973 Central School of Planning and Statistics in Warsaw (SGH) MSc Economics (Major - Finance) CONTINUING EDUCATION: 2005 Harvard Business School, Boston Advanced Management Programme 1993-1997 Centre for High Performance Development, London Banking and Finance courses 1991 INSEAD Executive Management Programme, Paris 1989 INSEAD Advanced Management Programme, Paris PROFESSIONAL ACHIEVEMENTS: May 2006 present August 1999 present February 1999 February 2003 December 1997 - August 2000 Trustee of International Accounting Standards Committee Foundation. Honorary Member of the Association of Stockbrokers and Investment Advisors Member of the Examinations Committee of the National Association of Certified Auditors Member of the Securities and Exchange Commission State Treasury Representative 1989 1991 Member of Parliament (first free elections) Honorary Lecturer, Institute of Accounting, England and Wales Member of International Federation of Accountants PERSONAL RECOGNITION: Home & Market Ranked among the 50 Most Influential Women in Poland (February 2000, 2001, 2002, 2003 and 2004) (February 2007 ranked as no. 1) Businessman June 2003 Named Most Consistent and Persistent among 70 successful businesswomen 1
July 2002 Ranked among the top 30 Business Women July 2001 Ranked among the top 30 Business Leaders March 2001 Ranked among the top 30 most influential Businesspeople Sukces June 2002 Named a Steel Magnolia of 2002 PUBLICATIONS & REPORTS: Venture Capital In Developed Countries and Poland, CeDeWu, Warsaw, 2004 The Meaning of Privatisation for the Development of Polish Banking Sector, The Banking Sector in Emerging Markets The Meaning of Privatisation (with Iwona Pugacewicz-Kowalska), BRE Bank -CASE White Paper No. 61, August 2002 The Polish Banking Sector 1989-2000 Successes and Failures, Development and Restructuring of the Banking Sector in Poland Following 11 Years of Experience BRE Bank -CASE White Paper No. 52, April 2001 A Comparative Perspective and Review of Polish Privatisation, Journal Of Polish Affairs, Vol. 6/7, 2000/2001 Venture Capital And Economic Development, The Pozna University of Economics, 1996 Venture Capital in France, Bank, Warsaw, November 1995 Venture Capital in Germany, Bank, Warsaw, September 1995 Venture Capital in the United Kingdom, Bank, Warsaw, July 1995 Categories of Investments, Bank, Warsaw, June-July 1995 Venture Capital History, Bank, Warsaw, June 1995 PHARE Project no. P-9108-3 (with Barbara Bakalarska), European Commission 1993 Foreign Exchange Gains and Losses, Gazeta Bankowa, No. 12, 1992 Polish Tax System, International Tax Review, November-December 1991 Bill on Statutory Auditors and their authorities legislation on the accounting and audit systems in Poland, 1994 Ms. Alicja Kornasiewicz s activity outside the enterprise of Bank BPH is not competitive in relation to the Bank. 2
Luigi Lovaglio Personal data First name and family name Date and place of birth Marital statuts Education Luigi Lovaglio 4 th August 1955, Potenza, Italy married, two children Degree in Economics and Commerce University in Bologna Professional career 1973 Joined Credito Italiano, Bologna in September and till 1997 proceeded through a number of important positions in the area of foreign business, loans, marketing, internal audit and organization, with more than 10 years as a Branch Manager in a succession of branches in the Group of increasing size and importance. 1997 Appointed Head of Group Planning Department, Head Office, responsible for budgeting and monitoring of all banks of the Group. 1998 Participated in the integration of Credito Italiano and the savings banks of UniCredito Group, following the merger, and in 1999 managed the integration into the Group of Caritro, a newly acquired savings bank. 1999 With the start-up of the New Europe expansion of the Group, was appointed Head of Foreign Banks Group Planning Department with primary responsibility for the integration of Bank Pekao S.A. in Poland into the Group. 2000 Appointed Deputy Chairman of the Management Board and Executive Director of Bulbank AD in October, acting also as Chairman of the Management Board till September 2001. 2003 Appointed General Manager of Unicredito. Since 1 st September 2003 Vice President of the Management Board, GM of Bank Pekao S.A. Other positions Second Deputy Chairman of the Supervisory Board of Bank BPH SA, Vice Chairman of the Supervisory Board of UniCredit Ltd. Ukraine, Member of CEE & PM Management Committee of UniCredit Group, Member of the Supervisory Board of Pirelli Pekao Real Estate, Member of the Supervisory Board of BPH Bank Hipoteczny SA. 3
Jan Krzysztof Bielecki President and Chief Executive Officer of Bank Pekao S.A. Formerly Prime Minister of Poland, Minister for European Integration, co-founder of the Liberal- Democratic Congress and Freedom Union, and an Executive Director at the European Bank in London, Jan Krzysztof Bielecki has been active in the political and economic affairs of Poland for over two decades. He joined Bank Pekao SA in October 2003. Mr Bielecki started his career as an economic lecturer at Gdansk University in 1973, until losing his job in 1981 for his anti-communist political activities. An advisor to key Solidarity figures in the early 1980s, Mr Bielecki organised economic publications and was involved in the historic strike at Gdansk shipyard in 1981. During the first half of the 1980s, Mr Bielecki continued to play an active role in the then illegal "Solidarity" - publishing underground political materials and acting as liason officer for executive committee of underground Solidarity. During this period Mr Bielecki contributed to the formation of Solidarity's economic policy by developing a market-based approach as an alternative to Poland's communist state planning. From 1985 to 1990 Mr Bielecki was the Chief Executive Officer of 'Doradca'- a consulting co-operative in Gdansk. 'Doradca'was founded in 1985 by members of Solidarity as a means to both earn a living outside of state enterprises and provide support for Solidarity resistance activities. Following the post-communist, fully free presidential election at the end of 1990, the newly elected President Wałsa requested Mr Bielecki to form a government and the Parliament confirmed him as Prime Minister on January 5, 1991. Mr Bielecki's cabinet successfully negotiated foreign debt reduction and the EC Association Agreement. The government resigned after democratic parliamentary elections in December 1991. Mr Bielecki had also been the Chairman of the Liberal-Democratic Caucus, a member of the Foreign Relations Committee in the Sejm (Polish Parliament) and Chief Delegate of the Polish Parliament to the European Parliament until July 1992, when he was nominated as a Minister for European Integration in the new coalition government of Ms Hanna Suchocka. In December 1993 Mr Bielecki was appointed to the Board of Directors at the European Bank for Reconstruction and Development in London, where he represented Poland until September 2003. Mr Bielecki has published a number of articles for both foreign and Polish specialist papers and magazines, including The Wall Street Journal, Rzeczpospolita, Gazeta Bankowa, Gazeta Wyborcza, Wprost, Tygodnik Powszechny, Die Welt and many others. He is co-author of the book 'Histoire de l'europe'published in Paris (1997). 4
Paolo Fiorentino Born in Naples (Italy) on January 23 rd, 1956 Degree "Cum Laude" in Economics and Business from University of Naples (1981) Professional career He started his professional career In Credito Italiano in 1981 where he obtained full experience in bank's branches dealing with retail and corporate customers. From 1991 to 1994 he was Assistant Chief Manager responsible for Human Resources and Organization/Audit in one of the significant branches of Credito Italiano. From 1994 to 1996 he was Regional Deputy Chief Manager and Regional Head of Human Resources/Organization. In the years 1996-1999 he was Senior Manager and Organization & IT Systems Director at the Head Office of Unicredito Italiano. In 1999 he was appointed Director of Unicredito integration process leading the know-how and best practices transfer among the different commercial banks of the Group and the creation of several group services companies. From October 12 th, 1999 to August 29 th, 2003 he was Deputy President of Bank Pekao SA and Chief Operating Officer. In August 2003 he was appointed Group Deputy General Manager of Unicredito Italiano and Head of the New Europe division. In July 2004 he was nominated Head of Global Banking Services of Unicredit Group. He holds office as: Chairman of the Supervisory Board of Unicredit Produzioni Accentrate SpA Vice Chairman of the Supervisory Board of Bank Pekao SA (Poland) Member of the Audit Committee of Bank Pekao SA (Poland) Member of the Supervisory Board of UniCredit Real Estate SpA Member of the Supervisory Board of Unicredit Global Information Services SpA Member of the Supervisory Board and Executive Committee of Unicredit Banca SpA Member of the Supervisory Board of Zagrebacka Banka (Croatia) Member of the Supervisory Board of Bank BPH SA (Poland) Member the Supervisory Board and Executive Committee of Unicredit Private Banking SpA Member of the Supervisory Board of Hypovereinsbank Member of the Supervisory Board of Bank of Austria Member of the Supervisory Board of I-Faber SpA 5
Ranieri De Marchis Name: Ranieri De Marchis Date of birth: 8.01.1961, Livorno - Italian nationality Marital status: Married, three children Parents: Alberto de Marchis, Maria de la Paloma Gomez-Borrero Education: 1985 Degree in Economics L.U.I.S.S. University Rome (110/110 cum laude) 1989/90 Master in Business Administration INSEAD Fontainbleau Languages: English and Spanish fluent French - advanced From December 2005 UNICREDITO ITALIANO SpA Milan Deputy General Manager and Chief Financial Officer From May 2003 UNICREDITO ITALIANO SpA Milan Chief Financial Officer also: Board Member: Bayerische Hypo und Vereinsbank AG, Koc Bank, Koc Financial Hizmetler as, Bank BPH SA, Yapi Kredi International Financial Services Ltd From 1990 GENERAL ELECTRIC GROUP 1990-1997: GENERAL ELECTRIC: 1990 1995: Corporate Audit 1990 1993: Madrid 1994 1995: London Chief Auditor - Area Europe 1995 1997: Power Systems Division 1995 1996: London Head of Finance and Commercial Development for Power Systems Europe and Nuovo Pignone SpA 1996 1997: Schenectady (USA) Chief Financial Planning (Financial planning, budget, Parent Company reporting, M&A) 1997-2001: NUOVO PIGNONE Florence General Manager (Administration/Finance/ Management Control - n.230 Staff) also in charge of acquisition projects of a few Companies/Factories in France, USA and UK 2001 2003: GENERAL ELECTRIC Florence Oil & Gas: Vice President, Chief Financial Officer (at worldwide level) n. 210 Staff (of which 170 in Italy) also: Board Member: Nuovo Pignone Holding SpA, Nuovo Pignone SpA, GE Capital Factoring SpA Chairman European Finance Council of General Electric 6
1988-1989 Procter & Gamble Frankfurt Financial Analyst 1987 1988 Italcable Rome Financial Analyst Mr. Ranieri De Marchis s activity outside the enterprise of Bank BPH is not competitive in relation to the Bank. 7
Krystyna Gawlikowska Hueckel Date and place of birth: 09.12.1947, Wrocław Education: Master of Economics, High School of Economics, Sopot, 1969 PhD in Economics, University of Gdask, 1973 Doctorial habilitation 2002 Employment: Faculty of European Integration Economics, Department of Economics, University of Gdask Position Professor Academic specialisation: Theory and economics of integration, regional development and policy Foreign languages: German, English, Russian Other skills: Computer skills: Word, Excel, Statistica Organisation membership: Member of the Polish Association of European Communities Research Professional experience September 1973 until now Professor, University of Gdask, Sopot 1993-2002 Head of structural studies, Institute of Market Economy Research, Gdask from 1993 Constant co-operation with the Faculty of Management at Gdask Technical University, High School of Management and Pomoria Development Agency, trainer and lecturer at postgraduate studies and management courses organised by these institutions, Sopot, Gdask 2001-2002 Professor, Senate member, High School of Banking, Gdask 2003-2006 Professor, High School of IT and Management in Rzeszów 2006- Academic co-operation with L. Komiski High School of Entrepreneurship and Management, Warsaw Other professional experience: 1992-2001 head of Postgraduate Studies: European Integration at the Faculty of Economics, University of Gdask 2003- until now head of Postgraduate Studies: Region Development and Structural Management. Project Management 1999-2001 member of the Supreme Audit Board college 1997 - member of the National Council of European Integration at the Office of the Committee for European Integration from 1993 member of Speakers Team Europe Evaluation expert for Structural Funds projects in Pomoria voivodeship and in the EQUAL Community Initiative and Leonardo da Vinci programme. Scientific achievements: Author, co-author and editor of five books and over hundred publications and articles on integration, regional issues and Poland's integration with the EU. 8
Family status: married Awards and distinctions: 2003 individual award of the Minister of Education and Sport for the book: Regional development processes in the European Union. Convergence or polarisation? Three group awards of the Rector of the University of Gdask for scientific publications. Ms. Krystyna Gawlikowska Hueckel s activity outside the enterprise of Bank BPH is not competitive in relation to the Bank. 9
Federico Ghizzoni (COO& Executive Board Member) Personal Information Date of birth & place: Marital Status: Languages: 14.10.1955 / Piacenza Italy Married, two children Italian, English, French Professional Experience Koc finansal Hizmetler A.S. (1) COO & Executive Board Member Yapi ve Kredi Bankasi A.S. (1) COO & Executive Board Member 01/2003 to date 09/2005- to date Kocbank A.S. (2) 01/2003 10/2006 COO & Executive Board Member Bank Pekao S.A. (3) 01/2000 2002 Executive Director UniCredito Italiano Singapure 10/1995 2000 General Manager UniCredito Itlaiano London 08/1992 1995 Deputy General Manager Credito Italiano Seriate Branch 04/1990 1992 Branch Director Credito Italiano Trieste Branch 05/1988 1990 Branch Director Credito Italiano Piacenza Branch 02/1980 1988 Head of Credit & Marketing Department Education University of Law in Parma Italy 1979 Degree in Law (with laude) (1) He is also the Executive Board Member of the Companies and Subsidiaries under the management of Koc Financial Services and Yapi Kredi Bankasi A.S. (2) Kocbank A.S. has been legally merged with Yapi ve Kredi Bankasi A.S. by virtue of dissolution of Kocbank A.S. (3) He was also Member of Supervisory Board of Pekao Leasing Sp. z o.o., Leasing Fabryczny Sp. z o.o., Pekao Factoring Sp. z o.o., Bank Pekao (Ukraine) LTD Mr. Federico Ghizzoni s activity outside the enterprise of Bank BPH is not competitive in relation to the Bank. 10
Marek Józefiak Born in 1958. A graduate of Wrocław University of Technology, Master of Science in Electronics, a specialist in telecommunications field. From 1990 to 1997 he was President of the Board and General Director in a private sector in telecommunications companies. In 1996-1997 he was a member of the Supervisory Board of Telekomunikacja Polska. In 1997 he was appointed for the position of General Director in PTK Centertel and then President of the Management Board. Since October 2001 to November 2006 he was President of the Management Board, CEO in Telekomunikacja Polska SA. Mr. Józefiak is a member of numerous organizations i.a.: the Polish Business Club, Business Center Club, the Polish Managers Association, the Polish Association of Industry, Commerce and Finance, the Polish Chamber of Information Technology and Telecommunications. He is a co-founder and Chairman of the Polish Foundation for Supporting Development of Radiocommunications and Multimedia Technology. Since 2002 to November 2006 he was Chairman of the Supervisory Board of TPK Centertel (cell phone operator of Orange ). Marek Józefiak attended several managerial training courses and seminars i.a.: AVIRA program for senior managers in INSEAD. Mr. Marek Józefiak s activity outside the enterprise of Bank BPH is not competitive in relation to the Bank. 11
Anna Krajewska Personal data Born on 9 th December 1942, married, two children Academic degrees: Master: University of Warsaw, Faculty of Political Economics 1964 PhD: University of Warsaw, Faculty of Political Economics 1972 Habilitation: University of Łód, Faculty of Economics and Social Science 1990 Professor of Economic Studies: President of the Republic of Poland 2004 Full Professor: Minister of Science and Higher Education 2006 Employment and position University of Łód, full professor, Faculty of Macroeconomics; I also teach at WSzEiA In Kielce and PWSZ in Skierniewice. Professional interests teaching - lectures and courses in microeconomics and macroeconomics - specialised lectures in fiscal policy and taxes - license and master seminars - doctoral seminars research - empirical studies (from 1974) relating to enterprises'conduct in centrally planned economy and during transformation - research for the International Labour Organisation (1988-1992) - a number of international studies sponsored by ACE in 1991-1997 - participation in research of the World Bank - currently I lead a project financed by the Committee of Research: 'Fiscal and monetary policy during accession into the Euro zone scenarios and challenges'. practical application - member of the National Examination Board for Tax Counselling - expert of the National Accreditation Board at the Ministry of Science and Higher Education - editor of 'Economy in Practice and Theory'publication. Member of Folia Oeconomica editorial board of the University of Łód and Comparative Economic Research. Central and Eastern Europe Łód University Press - member of Supervisory Board of PBK (2001), NFI Progres (2004-2005) and BPH (from 2001) Academic and scientific achievements - Over 150 publications, author or co-author of some dozen books (also in foreign languages, mainly in English) - Export report for the Word Bank, International Labour Organisation, Polish Ministries and Central Institutions - A number of awards from the Ministry of National Education and Ministry of Science and Higher Education, award of the Minister of Labour, award and distinction in the O.Lange's competition Ms. Anna Krajewska s activity outside the enterprise of Bank BPH is not competitive in relation to the Bank. 12
Johann Strobl Member of the Managing Board of Bank Austria Creditanstalt AG, Chief Financial Officer, Group Finance and Equity Interest Management Personal data Born on 18 September 1959 Education Studies at the University of Economics and Business Administration in Vienna, doctor's degree Professional career 1984-1988: University assistant at the University of Economics and Business Administration in Vienna (Institute for Banking) 1989: Joined Creditanstalt 1992-1996: Deputy Head of the Money Desk and Asset/Liability Management Support Department of Creditanstalt 1997: Head of Market Risk Management at Creditanstalt 1998: Head of the Group Risk Management Division of the Bank Austria Group (Bank Austria Creditanstalt) 2000: Head of the Group Treasury and Financial Markets Division of the Bank Austria Group (INM) 2003: Divisional Board member within HVB and BA-CA as Chief Market Risk Officer and Head of Risk Control January 2004 September 2006: Member of the Managing Board of Bank Austria Creditanstalt AG. Chief Risk Officer April 2006: Chief Financial Officer Mr. Johann Strobl s activity outside the enterprise of Bank BPH is not competitive in relation to the Bank. 13
Emil lzak Date and place of birth: 25 September 1976, Warsaw EDUCATION: 2000-2003 Full-time Ph.D. studies in the Management and Finance Department at Warsaw School of Economics: Ph.D. in Economics (October 2003). Thesis title: Selected aspects of increasing the competitiveness of banking institutions in a view of current challenges under the supervision of Professor M. Zaleska 1995-2000 Warsaw School of Economics I. Master: Finance and Banking - (June 2000) thesis title: Selected aspects of competitiveness of the Polish commercial banking sector in comparison to the worldwide tendencies II. Master: Management and Marketing (January 2001) thesis title: Selected aspects of the National Investment Funds strategies against a background of hitherto experience and main sorts of investment funds 1990-1995 XLIV high school by the name of A. Dobiszewski in Warsaw POSTGRADUATE STUDIES AND TRAININGS: 2002-2003 Postgraduate pedagogical studies for academic employees June - August 2000 The Global Village for Future Leaders of Business and Industry Program" Iacocca Institute at Lehigh University, USA 6-week lectures, trainings and workshops on transformation of global financial markets June 1999 Banking Seminar training on evolution of banking sector organized by KPMG, Pułtusk May 1999 Case Study Weekend training on financial/strategic analyses organized by McKinsey & Co., Podzamcze PROFESSIONAL EXPERIENCE: Since June 2006 Since Sept. 2005 Since Nov. 2003 Member of the Supervisory Board of Bank BPH SA Member of the Academic Council of the Management and Finance Department at Warsaw School of Economics Since March 2005 Permanent Associate of The Gdansk Institute for Market Economics banking sector s expert Warsaw School of Economics lecturer in the Department of Banking Leading scientific researches in the area of finance and banking Lecturing on full-time and external studies Conducting classes at post graduate studies i.e. Postgraduate Studies for Banking Analysts, Annual Postgraduate Studies of Banking Since October 2000 University of Management lecturer in the Department of Finance and Banking, scope of responsibilities: lecturing on finance and banking 2001-2003 Independent University of Business and Government in Warsaw lecturer in Finance Division, scope of responsibilities: lecturing on finance and banking at full-time and external studies 1999 Marketing advisory company CAL Company Assistance, project team member, scope of responsibilities: preparation of financial statement and analysis of marketing researches 1998-1999 Ministry of Finance scientific internship as an assistant of T. Sztuba advisor to the Undersecretary of the State Krzysztof J. Ners, scope of responsibilities: working out analyses and reports on transformation processes in Polish economy 1998 Bank Pekao S.A. - internship assistant in the Department of Financial Policy and Analyses, scope of responsibilities: 14
preparation of financial statements financial standing analyses of clients for credit process 1997 Bank Handlowy w Warszawie S.A. - internship assistant in the Center of Capital Market Operations and in the Department of Money Management, scope of responsibilities: preparation of reports related to the stock exchange market servicing individual clients ACHIEVEMENTS AND AWARDS: 2005 Supervisor of the master thesis awarded in the M. Kanton competition at the National Clearing House 2004 II degree award of Warsaw School of Economics for doctor thesis 2001 Master s diploma with a very good score (Management and Marketing) 2000 Distinction from Raiffeisen Bank Polska S.A. in the competition of master thesis from the area of banking development in CEE 2000 Master s diploma with the highest score (Finance and Banking) 1995 Award of the President of Warsaw The Best High School Graduate from Warsaw" High School Diploma with distinction (rank average. 4.9 in the range of 2-6). OTHER SKILLS: English language fluent in writing and speaking (LCCI Level Three with oral test) French language fluent in writing and speaking German language basic in writing and speaking MS Office at advanced level Driving license cat. B Mr. Emil lzak s activity outside the enterprise of Bank BPH is not competitive in relation to the Bank. 15
Marek Grzybowski Born: March 7, 1953. Nationality: Polish Marital status: married Profession: Academic Lecturer, Legal Adviser Foreign languages: English, Russian Specialized at: Financial law, Banking law, Budgetary law Education 1986 graduated with a doctor degree in law from Warsaw University. 1972-1977 Warsaw University gradated with a master degree Professional carrier 1977 to date: Assistant Professor, Lecturer in tax, budgetary and banking law at Warsaw University; 2000-2005: Vice Director at the Institute of the Law and Administrative Sciences, at Warsaw University 1997 to date: Chief Editor of GLOSA legal newsletter; 1999 to date: Member of the Editorial Council of Safe Bank quarterly; 1999-2003: Chairman of the Board of the Bank Guarantee Fund (designated by the Prime Minister); 1995-1999: Member of the Board of the Bank Guarantee Fund (designated by the President of the National Bank of Poland); 2003 to date: Consultant legal adviser cooperating with the Linklaters (the law office) 2001-2003: Partner at Linklaters (the law office); 1999-2001: Partner at T. Komosa, C. Wisniewski, M. Grzybowski i Wspolnicy Spolka Komandytowa (the law office); 1987-1999: Partner at AllianceConsultor (the law office). Membership in the professional organisations 1986 to date: Regional Chamber of Law Advisers in Warsaw. Mr. Marek Grzybowski s activity outside the enterprise of Bank BPH is not competitive in relation to the Bank. 16
Prof. hab. Marek Wierzbowski Professor at the Warsaw University, legal council, member of the Public Procurement Council, member of the Central Commission for Academic Degrees and Titles, co-chairman of the Warsaw Stock Exchange Council, member of BPH SA's Supervisory Board. For a number of years Prof. Wierzbowski was senior partner first in Weil Gotshal & Manges and then in Linklaters. In his legal activities, Prof. Wierzbowski led legal teams engaged in a number of large transactions, including sales of Bank PKO SA's and PKN Orlen SA's shares under privatisation, the initial public offering of Prokom Investment S.A., issue of convertible bonds by Bank BPH, Stalexport S.A., and many other capital market projects. He worked with a major part of GDR and ADR programmes issued on the basis of Polish companies'shares and introduced to circulation in the foreign markets, including the London Stock Exchange. He participated in the creation of brokerage offices (including the first brokerage office in Poland and the first asset management office) and investment funds from the beginning of the capital market in Poland. Prof, Wierzbowski was a Deputy Dean of the Faculty of Law and Administration and the Deputy Rector of the Warsaw University, he was chairman of the Warsaw Stock Exchange Council (currently acts as deputy chairman), and a deputy chairman of the Court of Arbitration in the National Economic Chamber. Prof. Wierzbowski heads the Court of the Brokerage Offices Chamber. He represented the Securities and Exchange Commission and the Committee of Banking Supervision in the proceedings in the Main Administrative Court. Mr. Marek Wierzbowski s activity outside the enterprise of Bank BPH is not competitive in relation to the Bank. Messrs. Lovaglio and Bielecki are members of the Management Board of Bank Pekao S.A. ("Pekao") and Mr. Fiorentinno is member of the Supervisory Board of Pekao. Since Bank BPH S.A. and Pekao are members of the same Capital Group, according to the provisions of the Law of 16 February 2007 on Competition and Customer Protection, activities between Bank BPH S.A. and Pekao including appointment of Supervisory Board members within the banks do not require notification to the President of the Office for Competition and Customer Protection, and therefore such activities are not regarded as activities between competing entities on the basis of this Law. However, as Bank BPH SA and Pekao offer similar banking services and products on the Polish market, they may be currently viewed in this context, as competing with each other. 17