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Komercni Banka (KMCA)

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Friday 23 November, 2001

Komercni Banka

Disposal

Komercni Banka
23 November 2001


Komercni banka, a.s.  http://wwwa.kb.cz/cgi/inc/frm.cgi?p=/kdo_jsme_en/
Head Office
P.O.Box 839
114 07 Prague 1
Czech Republic


Prague 23rd November 2001


                                 Announcement

Komercni banka, a. s., Praha l, Na Prikope 33, Postal code 114 07,
Identification number 45317054, incorporated in the Commercial Register
maintained with the Municipal Court in Prague, section B, insert 1360
announces that, on the 23rd of November, 2001 Komercni banka and EXIMAT a.s.
concluded a contract on the sale of shares of Ceska zbrojovka, a.s., which
reperesent 69.42% of the registered capital and voting rights. The value of
the contract is CZK 226 mil. The price per share is CZK 473.54.


         Komercni banka, a. s.                   Komercni banka, a. s.
             Peter Palecka                           Tomas Spurny
          Member of the Board                     Member of the Board