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PRESS RELEASE

Narodowy Bank Polski and European Central Bank cooperation to provide euro liquidity

21 November 2008

Narodowy Bank Polski (NBP) and the European Central Bank (ECB) are jointly announcing an agreement to support the NBP’s instruments of euro liquidity provision. The agreement, which was concluded on 6 November 2008, relates to repurchase transactions and will provide NBP with a facility to borrow up to EUR 10 billion in order to provide additional support to NBP’s operations.

Further information about NBP’s operations is provided on NBP’s website: http://www.nbp.pl

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Narodowy Bank Polski