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Komercni Banka (01IS)

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Friday 08 September, 2000

Komercni Banka

Bank's Offices Abroad

Komercni Banka
8 September 2000

Letter to Company Announcements Office

This is to inform you that the Board of Directors of Komercni banka, Prague,
Czech Republic decided to close Bank's representative offices abroad.  Moscow
office was already closed as at June 30, 2000.  Representative offices in
London, Frankfurt am Main, Budapest and Warsaw will be closed as at March 31,
2001.  Reason of the decision is reducing costs.

Letter from Komercni Banka, a.s.