Komercni Banka A.S.

Delisting Announcement • Jan 12, 2016

Regulatory information

Komercni banka, a.s. http://www.kb.cz/en 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

Disclosed on 12th January 2016 at 5:30 p.m. CET

Pursuant to Prague Stock Exchange Rules part VI subsection 7(5)(a) and Act 256/2004 (Czech) Coll. subsections 125(1) Komercni banka, a.s. discloses an announcement:

Komerční banka, a. s., with its registered office at Prague 1, Na Příkopě 33/969, postal code 114 07, registration No. 45317054, entered in the register of companies maintained with the Metropolitan Court of Prague, section B, file No.1360 ("KB"), announces,

that the Board of Directors approved termination of listing of Komerční banka´s Global Depositary Receipts registered under ISIN US5004594090 and US 5004591021o at the London Stock Exchange as of 29 February 2016.

The reason for the delisting is to increase operational efficiency. Through issue of the Global Depository Receipts in 1995 and 1996, Komerční banka entered the international capital markets. Improvements of the institutional framework in the Czech Republic and integration into the regulatory environment of the European Union have weakened the need to provide additional layer of assurance to investors through listing on a developed stock market. This trend has been clearly reflected in decreasing volume of KB shares held in the form of GDRs. As at the end of the year 2015, the amount of outstanding GDRs represented 0.1% of share capital of KB.

The company also decided to terminate the agreement with the depositary of the Global Depository Receipts, The Bank of New York Mellon. As per the termination clause of the agreement, the owners of the receipts will see their receipts exchanged for regular shares of KB, traded on the Prague Stock Exchange.

This decision has no impact on trading Komerční banka shares on the markets Prague Stock Exchange a.s., and RM - SYSTEM Czech Stock Exchange a.s.

Prague, 12 January 2016