Bank Polska Kasa Opieki Spółka Akcyjna (the "Bank") hereby informs that on 9 July 2024 the Supervisory Board of the Bank, in an open selection process and after assessing suitability, appointed: 

1)    effective from 5 October 2024 in the Bank’s Management Board of the current joint term of office Mr. Cezary Stypułkowski (i) for the position of the President of the Management Board of the Bank provided and upon obtaining the consent of the Polish Financial Supervision Authority, but not earlier than on 5 October 2024, (ii) and in the absence of the consent of the Polish Financial Supervision Authority by 5 October 2024 to the Management Board of the Bank as Vice President, until the condition specified above is met, entrusting Mr. Cezary Stypułkowski with assignment to manage the work of the Management Board during the time,
2)    effective from 10 July 2024 in the Bank's Management Board of the current joint term of office Mr. Robert Sochacki for the position of Vice President of the Management Board of the Bank,
3)    effective from 18 July 2024 in the Bank's Management Board of the current joint term of office Ms. Dagmara Wojnar for the position of Vice President of the Management Board of the Bank.

Mr. Robert Sochacki, Vice President of the Management Board of the Bank, will manage the work of the Management Board until the appointment of Mr. Cezary Stypułkowski to the Management Board of the Bank.

Due to the appointment to the Management Board of the Bank, Mr. Robert Sochacki resigned from the Supervisory Board of the Bank, as of 9 July 2024.

In accordance with the submitted declarations, none of the newly appointed members of the Bank's Management Board will, from the date of taking up the function, conducts any activity competitive to the Bank, in particular will not hold the status of a partner in a civil partnership, partnership or capital company competitive to the Bank, nor act as a member of the governing body of another legal person competing with the Bank or run his own business activity competitive with the Bank. None of the newly appointed members of the Bank's Management Board is entered in the Register of Insolvent Debtors kept pursuant to the Act of August 20, 1997 on the National Court Register.

CVs of the newly appointed Members of the Bank's Management Board containing the information specified in § 10 point 4 of the Regulation of the Minister of Finance of March 29, 2018 on current and periodic information provided by issuers of securities and the conditions for recognizing as equivalent information required by the laws of a non-member state, constitute annex to this current report.

The open selection process for the remaining positions remains open.