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Komercni Banka (01IS)

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Friday 24 November, 2000

Komercni Banka

Czech Secs. Comm. Decision

Komercni Banka
24 November 2000

Document dated 23 November 2000.

Komercni Banka, a.s., hereby announces that a trial before the Czech Securities
Commission in accordance with breaching informative duty pursuant to subsection
80 section 4 of the Securities Act was definitely finished. It was conducted in
accordance with a late and unpunctual announcement of possible risks in the case
of receivables from a foreign client in the amount of CZK 8 billion in December
1999. The Czech Securities Commission imposed a fine of CZK 3,250,000.