Erste Bank Polska Plans Transfer Of Erste TFI Control To Erste Group Entity

About this update from Erste Bank Polska S.a.

Erste Bank Polska SA GPW:EBP:TO SELL ONE SHARE OF ERSTE TFI TO AN ERSTE GROUP ENTITY FOR EUR 2,924PLANS FOR ERSTE GROUP ENTITY TO TAKE CONTROL OF ERSTE TFI AS PART OF NEW INVESTMENT PRODUCT DISTRIBUTION MODELESTIMATES ONE-OFF IMPACT ON CONSOLIDATED NET RESULT AT ABOUT 540 MILLION ZLOTYS FROM VALUATION OF REMAINING TFI SHARESERSTE TFI TO LOSE SUBSIDIARY STATUS AS A RESULT OF PLANNED TRANSACTION AND BE ACCOUNTED FOR AS ASSOCIATE USING EQUITY METHOD

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