UNOFFICIAL TRANSLATION

Bank Polska Kasa Opieki Spółka Akcyjna (the “Bank”) informs that on 27th December 2022 Bank received a recommendation from the Polish Financial Supervision Authority (“PFSA”) in which the PFSA recommended the Bank to limit the risk occurring in the Bank's operations by maintaining own funds to cover the additional capital add-on in order to absorb potential losses resulting from the occurrence of stress conditions (P2G) at the level of 0.43 p.p. on standalone basis and 0.42 p.p. on consolidated basis above level of total capital ratio described in the article 92(1) letter c of the regulation (EU) No. 575/2013 of the European Parliament and of the Council on prudential requirements for credit institutions increased by the additional own funds requirement referred to in Article 138(2)(2) of the Banking Law and by the combined buffer requirement referred to in Article 55(4) of the Act on macro prudential oversight. The additional capital requirement should be made up of  Tier 1 funds only.

Legal basis: Art. 17 of (1) MAR – inside information