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Komercni Banka (KMCA)

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Friday 17 January, 2003

Komercni Banka

Statement re CKA

Komercni Banka
17 January 2003

Komercni banka, a.s.
Prague 1, Na Prikope 33, building identification number 969, Post Code 114 07
Identification No.: 45 31 70 54
incorporated in the Commercial Register maintained with the Municipal Court in
Prague, section B, insert 1360


              Sale of part of bad bank portfolio of Komercni banka

Komercni Banka confirms that it has always cooperated and will continue to
cooperate in the framework of its obligations in accordance with the Guarantee
agreement of December 29, 2000.

The process aiming to sell a part of KB's distressed portfolio has been
presented to CKA on various occasions in detail since the beginning of September

This process has been managed by KB in order to achieve the best possible price
and to minimise the use of the state guarantee.

                      This information is provided by RNS
            The company news service from the London Stock Exchange