At their general meeting today, the shareholders of Komerční banka voted in favour of the Board of Directors’ proposal for the payout of a dividend of CZK 270 per share.

The total amount of the proposed dividends is CZK 10,262,660,040. The amount of the dividend per share is CZK 270 before tax. Dividends can be claimed by every shareholder holding shares of Komerční banka, a.s., ISIN CZ0008019106, as of 14 April 2011. Dividends shall fall due on 23 May 2011.

The general meeting decided that the part of the profit for 2010 reserved for dividends due for the treasury shares held by Komerční banka, a.s. and by the companies controlled by Komerční banka, a.s. would be transferred to the retained earnings account. The amount of this part of the profit will be determined based on the number of the treasury shares held by Komerční banka, a.s. and by the companies controlled by Komerční banka, a.s. on the record date, i.e., 14 April 2011.

The general meeting approved the Annual Financial Statements and the Consolidated Financial Statements for 2010.

The general meeting elected Mr Bernardo Sanchez Incera to the Supervisory Board with effect from 22 April 2011. Further, the general meeting elected Mr Jean-Louis Mattei to the Audit Committee with effect from 22 April 2011.

The shareholders also consented to the acquisition of Komerční banka’s ordinary treasury shares under the following conditions: the maximum number of shares that can be held by the bank at any specific moment shall be 3,800,985 ordinary shares, representing a total nominal value of CZK 1,900,492,500. The share purchase value must be at least CZK 500 per share and at most CZK 6,000 per share. The bank may acquire shares for a period of 18 months. The bank may not acquire shares should such acquisition breach the conditions of Section 161a (1) (b), (c) and (d) of the Commercial Code. For the term of validity of this consent, the bank may buy and sell shares repeatedly without any further restrictions.

The general meeting appointed Ernst & Young Audit, s.r.o. as the external auditor of Komerční banka, a.s. for 2011.

Komerční banka is one of the best run universal banks in Central Europe. It provides comprehensive services to clients in the areas of retail, corporate, and investment banking. The Komerční banka Group’s 8,619 employees serve 2.5 million clients, who can use an extensive network of 395 points of sale throughout the country. Komerční banka currently operates 677 ATMs and more than one million of its clients use one of direct banking channels.