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Komercni Banka (KMCA)

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Monday 09 June, 2003

Komercni Banka


Komercni Banka
09 June 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
section B, insert 1360

                            A N N O U N C E M E N T

Komercni banka, a.s. announces that on June 9, 2003 Komercni banka, a.s.
transferred 100% of shares of company Reflexim, a.s., with its registered office
at Prague 1, Bolzanova 3/1679, postal code 110 00, Identification Number 264 25,
which Komercni banka, a.s. had in direct possession, to the company Sodexho
spolecne stravovani a sluzby s.r.o.

In total, the direct share of Komercni banka, a.s. in the registered capital of
the above-mentioned company Reflexim, a.s. was changed from 100% to 0%. The
direct share of Komercni banka, a.s. on the voting rights of the above-mentioned
company Reflexim, a.s. is now 0%.

The sale of the company Reflexim, a.s. corresponds with the strategy of Komercni
banka to exclude non-core, non-banking activities from the Komercni Banka Group
and to purchase these services from a professional external supplier.

The company Reflexim, a.s. was established by Komercni banka in 2001 to provide
Komercni banka with support services and facility management services. The
company Reflexim currently has roughly 180 employees.

Board of Directors of Komercni banka

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