Bank Przemyslowo - Handlowy PBK SA

Current report no. 103/2003

Bank Przemyslowo - Handlowy PBK SA (BPH PBK) informs that it has sold to Solid
Security Sp. z o.o. 4,875 stakes of Mi锟絛zybankowe Centrum Got锟絯ki Sp. z o.o.,
with a nominal value of PLN 1000 each, representing 75% of the share capital and
entitling to 4,875 votes at the General Assembly (75% of all votes).

The total price for these stakes amounts to PLN 19,626,750. The value of these
stakes in the BPH PBK's books amounted to PLN 6,284,391.76 (as at 30 November
2003).