Bank Polska Kasa Opieki Spółka Akcyjna (the “Bank”) hereby informs that on 13 March 2025, it received an individual recommendation of the Polish Financial Supervision Authority (the “PFSA”) regarding the Bank's dividend policy.

As at 31 December 2024, in terms of the basic criteria set out in the PFSA's position of 10 December 2024 on the dividend policy for commercial banks in 2025, and taking into account the quality of the Bank's loan portfolio, measured by the share of non-performing receivables in the total portfolio of receivables from the non-financial sector, including debt instruments, Bank met the requirements qualifying for the payment of dividend up to 75% from the Bank's profit generated in the period from 1 January 2024 to 31 December 2024.

The PFSA recommended the Bank not pay a dividend from profit earned in the period from 1 January to 31 December 2024 in the amount higher than 75%, with the maximum payout amount not exceeding the amount of annual profit diminished by profit earned in 2024 already included in  own funds.

In accordance with the PFSA’s decision of 22 August 2024, the Bank included in its own funds a part of the Bank's net profit for the first half of 2024 in the amount of PLN 746,600,473.54. Additionally, The Bank applied to the PFSA to include the amount of PLN 859,731,820.79 from the second half of 2024 in the Tier I capital.

In addition, the PFSA recommended the Bank not to take other actions, in particular those outside the scope of current business and operating activities, which could result in a reduction of the own funds, including possible dividend payments from undistributed profit from previous years and share buybacks, without prior consultation with the supervisory authority.

The Bank’s Management Board has not yet made a decision on the proposed profit distribution for 2024.
Legal basis: Art. 17 of (1) MAR – inside information