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Kredyt Bank SA (KDBD)

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Wednesday 26 September, 2001

Kredyt Bank SA

Holding in Company

Kredyt Bank SA
26 September 2001

Contact names: Gregory Koczara    +48 22 6345280
               greg@kredytbank.pl
               Michal Dwurzynski  +48 22 6345010
               michald@kredytbank.pl


1. The Management Board of Kredyt Bank S.A. makes publicly known that on
September 24, 2001 Kredyt Bank S.A. purchased 291,000 shares in Huta
Szkla Gospodarczego Irena S.A. (Glassworks Irena S.A.) in result of OTC
block trade.

In result of purchase transaction of shares Kredyt Bank S.A. holds
410,960 shares of Huta Szkla Gospodarczego Irena S.A., which accounts for
6.59% of the initial capital and gives a right to exercise 410,960 votes
at the General Assembly of the company, which is equal to 6.59%
participation in a maximum number of votes at the General Assembly of the
company.

Before the purchase Kredyt Bank S.A. held 119,960 shares of Huta Szkla
Gospodarczego Irena S.A., which constituted 1.92% of the initial capital
and gave right to 119,960 votes at the General Assembly of the company
and entitled to 1.92% participation in the maximum number of votes at the
General Assembly of the company.

2. The Management Board of Kredyt Bank S.A. makes publicly known that in
result of obligatory buy-out of shares of Polski Kredyt Bank S.A. carried
out pursuant to the Resolution of the Extraordinary General Assembly of
Polski Kredyt Bank S.A., 1,242,015 shares of Polski Kredyt Bank S.A.
(accounting for 1.82% of its capital) were acquired by Kredyt Bank S.A.
on September 20, 2001.

Having completed the buy-out of shares Kredyt Bank S.A. became a sole 
shareholder of Polski Kredyt Bank S.A. holding 68,400,000 shares accounting for 
100% of the Initial capital.