New structured products in Bank Millennium Prestige offer

Starting from June 2010 Bank Millennium offers new structured products in the form of Bank Securities. Bank Securities are papers, which are issued under Banking Law and are restricted to banks only. Until now the Bank Millennium range of structured products included the Bank's own structured bonds, offered to potential investors in private deals (i.e. available to fewer than 100 individually identified persons). The launch of Bank Securities opens the door for an unlimited number of investors to Bank Millennium structured products.
Złota Strategia I Structured Bank Security is a three-year product denominated in PLN, the yield of which depends on the evolution of the GOLD TRENDVOL STRATEGY INDEX. The index is based on the SPDR Gold Trust fund, which invests in gold and changes of prices of participation units reflect the evolution of gold prices on the market. The index aims to generate positive rates of return both when gold prices rise as well as fall. 
 
Yield on the product is calculated with the following formula:
If the index value grows, the formula for payout at maturity will be:
100% of capital + 100% index value change
If the index value remains unchanged or falls, the product guarantees a 100% return of the invested capital at maturity.
Key information about Złota Strategia I Structured Bank Securities:

• Subscription period: 7 June 2010 - 24 June 2010 until 4.00 p.m.
• Date of transaction settlement: 30 June 2010 until 11.00 a.m.
• Investment period: 3 years
• Investment currency: PLN
• Maturity date:  8 July 2013
• Minimum amount: PLN 25,000
• Capital guarantee: 100% at maturity

Petroleo I Structured Bank Security is a three-year product denominated in PLN, linked with the price of crude oil.
The investment approach for this product assumes the possibility of slight decrease of oil price in the next few months, with consideration of the fact that this price may grow in the long run. Investment initial value will be determined as the lowest level of a contract for oil price obtained at NYMEX in the course of the first two months of the duration of the investment. The final settlement amount payable at maturity will depend on how oil prices behave during the investment and what the oil price is at the date of final observation.
Key information about Petroleo I Structured Bank Securities:

• Subscription period: 7 June 2010 - 24 June 2010 until 4.00 p.m.
• Date of transaction settlement: 30 June 2010 until 11.00 a.m.
• Investment period: 3 years
• Investment currency: PLN
• Maturity date:  9 July 2013
• Minimum amount: PLN 25,000
• Capital guarantee: 100% at maturity

The settlement amount payable at maturity of Petroleo I structured Bank Security depends on the price of a futures contract for WTI oil, quoted on the NYMEX exchange and is calculated with use of the following formula:

• During the first two months of the investment the closing price of a futures contract for WTI oil is observed daily. The lowest contract price observed during this period is set as the initial value for the investment.
• If from the third month of the investment until its end the oil benchmark price is ever at => 160% of its initial value, on maturity day the customer will get 100% of invested capital.

Otherwise:

100 % capital + Max (0%, change of oil price)
The Złota Strategia I and Petroleo I structured products are available in all Bank Millennium Financial Centres in Poland.

This information is a general press release and is intended to present only basic characteristics of the financial product offered by the Bank. Meanwhile the binding and detailed terms and conditions of issue of individual series of Bank Securities by Bank Millennium contain solely relevant Proposals to purchase certain series of Bank Securities as well as their inherent Issue Terms and Conditions. In particular, when describing the Product contained herein, for purposes of clarity of the description use was made in certain cases of simplified expressions, reflecting in a general manner the way, in which the Product works, and not its binding legal aspect, which is contained solely in the Issue Terms and Conditions.