RNS No 3638w
KOMERCNI FINANCE B.V.

DOCUMENT RE:
U.S.$200,000,000
Komercni Finance B.V.
Guaranteed Subordinated Step-Up Callable Notes due 2008
irrevocably and, subject to subordination, unconditionally guaranteed by
Komercni banka, a.s.

A copy of the above is available for inspection from the Company
Announcements office of the Stock Exchange, London.

END


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