BW20030903002099  20030903T150559Z UTC


( BW)(BANK-PRZEMYSLOWO)(BPHD) Issue of Debt

    Business Editors
    UK REGULATORY NEWS

    WARSAW, Poland--(BUSINESS WIRE)--Sept. 3, 2003--

Current report no. 35/2003

Bank Przemyslowo - Handlowy PBK SA (BPH PBK) informs that on 2
September, 2003 the Bank's Management Board adopted a resolution that
the issue of Series A12 Bonds has become effective and the resolution
on the allotment of Series A12 Bonds of BPH PBK, which had been issued
within the Bonds Issue Programme.

Information on the settlement of subscription of Series A12 Bonds
Issue Programme:
1)       The date of subscription opening - 4 August, 2003, the date of subscription completion - 29 August, 2003.
2)       The date of Bonds allotment: 2 September, 2003.
3)       The number of Bonds within the subscription: 1,000,000 Series A12 Bonds, which are ordinary bearer bonds.
4)       The orders for Series A12 Bonds were not reduced.
5)       The number of Series A12 Bonds ordered in the course of the subscription: 48,829 Series A12 Bonds.
6)       The Bank's Management Board allotted 48,829 Series A12 Bonds within the subscription.
7)       The issue price of the Series A12 Bonds for each day of subscription was equal to:

4 August, 2003             100,00 PLN
5 August, 2003             100,01 PLN
6 August, 2003             100,02 PLN
7 August, 2003             100,04 PLN
8 August, 2003             100,05 PLN
11 August, 2003            100,09 PLN
12 August, 2003            100,10 PLN
13 August, 2003            100,11 PLN
14 August, 2003            100,12 PLN
18 August, 2003            100,17 PLN
19 August,  2003           100,18 PLN
20 August, 2003            100,20 PLN
21 August, 2003            100,21 PLN
22 August, 2003            100,22 PLN
25 August, 2003            100,26 PLN
26 August, 2003            100,27 PLN
27 August, 2003            100,28 PLN
28 August, 2003            100,30 PLN
29 August, 2003            100,31 PLN

8)   Within the subscription process of Series A12 Bonds 296 persons
     have subscribed for bonds and made payments correctly.
9)   Series A12 Bonds were allotted to 296 Bondholders.
10)  The Issuer has not signed the underwriting agreement.
11)  The total value of Series A12 Bonds subscription amounted to PLN 4,889,395.73.
12)  Owing to the fact that the Series A12 Bonds were issued within
     the Bonds Issue Programme, actually it is not possible to
     evaluate costs related exclusively to the Series A12 Bonds issue.
     These costs will be published when total costs of the Bonds Issue
     Programme are calculated.
13)  Owing to the fact that Series A12 Bonds were issued within the
     Bonds Issue Programme, actually it is not possible to evaluate
     the average costs of subscription per one Series A12 Bond. The
     amount of average cost per one bond will be published when
     overall costs Bonds Issue Programme are calculated.


   Short Name: Bank Przemyslowo
   Category Code: IOD
   Sequence Number: 00009219
   Time of Receipt (offset from UTC): 20030903T160147+0100

    --30--ac/uk*

    CONTACT: Bank Przemyslowo - Handlowy PBK SA

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


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