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Bank Przemyslowo (BPHD)

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Tuesday 03 December, 2002

Bank Przemyslowo

Holding(s) in Company

Holding(s) in Company 

    WARSAW, Poland--(BUSINESS WIRE)--Dec. 3, 2002--

Current report 62/2002

Bank Przemyslowo - Handlowy PBK SA (BPH PBK) kindly informs that it
has been notified that HypoVereinsbank Bank Hipoteczny SA (a 100%
subsidiary of BPH PBK) has become an owner of 12,516 stakes of FPB
Media Sp. z o.o., with a nominal value of PLN 500 each stake,
representing 100% of the share capital and entitling to 12,516 votes
at the General Assembly. The taken over stakes constituted a
collateral of the loan granted to FPB Media Sp. z o.o.

The previous owners of these stakes were: Forum Polskiego Biznesu Sp.
z o.o. (12,514 stakes representing 99.98% of the share capital and
entitling to 12,514 votes) and a private individual (2 stakes
representing 0.02% of the share capital and entitling to 2 votes).

This investment is treated by HypoVereinsbank Bank Hipoteczny SA as
short-term and its book value amounts to PLN 6,258,000.

   Short Name: Bank Przemyslowo
   Category Code: HOL
   Sequence Number: 00001343
   Time of Receipt (offset from UTC): 20021203T173053+0000