BW20030812000049  20030812T163125Z UTC


( BW)(BANK-PRZEMYSLOWO)(BPHD) Conversion of Securities

    Business Editors
    UK REGULATORY NEWS

    WARSAW, Poland--(BUSINESS WIRE)--Aug. 12, 2003--

Current report no. 50/2003

Bank Przemyslowo - Handlowy PBK SA (BPH PBK) informs that at
shareholder's request from Bayerische Hypo- und Vereinsbank AG
according to Art. 334 ss. 2 of Polish Commercial Companies Code, on 12
August,2003 BPH PBK has applied to National Depositary for Securities
for conversion of 2,291,304 Series C registered shares of BPH PBK into
bearer shares.

   Short Name: Bank Przemyslowo
   Category Code: CON
   Sequence Number: 00008313
   Time of Receipt (offset from UTC): 20030812T172345+0100

    --30--ne/uk*

    CONTACT: Bank Przemyslowo - Handlowy PBK SA

    KEYWORD: POLAND UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: BANKING
    SOURCE: Bank Przemyslowo


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