BRE Bank has a strategic shareholder. It is Commerzbank AG, that used to hold direct* capital share in BRE Bank for many years and now is holding it through its 100% owned subsidiary, Commerzbank Auslandsbanken Holding AG.

Changes in the Commerzbank’s share in BRE Bank’s capital

*November 2005 - transfer of BRE Bank’s shares in the form of in-kind contribution to 100% owned subsidiary of Commerzbank as a result of the technical process consisting in grouping of foreign Commerzbank’s shares in the holding company.
**Change in the exposure vis-à-vis the year 2003 resulted from implementation of the Management Stock Options Programme.

Holding of material share packages of BRE Bank
Data based on the notices received by the Bank:

• Commerzbank Auslandsbanken Holding AG owns 29.352.897 shares of BRE Bank,
  representing as at 20.12.2010:
  69,7439% of the initial capital of BRE Bank and 69,7439% of the total number of votes at BRE GM (= 29,352,897 votes),
• ING Otwarty Fundusz Fundusz Emerytalny owns 2,290,882 shares of BRE Bank,
  representing as at 08.07.2011:
  5.44% of the initial capital of BRE Bank and 5.44% of the total number of votes at BRE GM (=2,290,882 votes).