UNOFFICIAL TRANSLATION

In reference to the Current Report No. 18/2023 of 15 June 2023 regarding the consent to the issue of bonds of Bank Polska Kasa Opieki S.A. (the "Bank"), the Bank hereby informs that after the completion of the bookbuilding process, the Bank's Management Board of 30 June 2023 adopted resolutions regarding the issue of:

1. series SN2 senior non-preferred bonds of the Bank (the "series SN2 SNP Bonds"). The total nominal value of series SN2 SNP bonds to be issued is PLN 350,000,000 (in words: three hundered fifty million zlotys),
2. series SP1 senior preferred bonds of the Bank (the "series SP1 SP Bonds"). The total nominal value of series SP1 SP bonds to be issued is PLN 750,000,000 (in words: seven hundered fifty million zlotys).

At the same time, the Bank's Management Board informs that due to the significant interest of investors expressed during the book-building process, the Bank decided to increase the original amount of the issue from 1,000,000,000 PLN to 1,100,000,000 PLN.

The issue amount takes into consideration capital market conditions. The series SN2 SNP Bonds and series SP1 SP Bonds will constitute eligible liabilities of the Bank within the meaning of Article 97a (1) pt. 2) of the Act on the Bank Guarantee Fund, Deposit Guarantee System and Forced Restructuring of 10 June 2016. The series SN2 SNP Bonds and series SP1 SP Bonds will be offered in public offering on the basis of exception to prepare prospectus under Article 1 sec 4 point A of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published in connection with a public offering of securities or their admission to trading on a regulated market and repealing Directive 2003/71/EC (the "Prospectus Regulation") by addressing the offer to qualified investors only within the meaning of the Article 2 point e of the Prospectus Regulation.

The main conditions for the issue of the series SN2 SNP Bonds are as follows:

1. Type of bonds: bearer bonds; the bonds will be registered on the deposit maintained by the National Depository for Securities (Krajowy Depozyt Papierów Wartościowych S.A.);
2. Total number of bonds to be issued: 700 (in words: seven hundered);
3. The nominal value of one bond: PLN 500,000 (in words: five hundred thousand zlotys);
4. The total nominal value of bonds to be issued: PLN 350,000,000 (in words: three hundered fifty million zlotys);
5. Interest rate: fixed, at 7.5% p.a. for the first 3 years and afterwards floating based on the benchmark of WIBOR for 6 months deposits (WIBOR 6M) plus a margin of 2.19% p.a.;
6. Format of issue: 4NC3, i.e. bonds with a maturity of 4 years, with an option giving the Bank the right to early redemption of the bonds within 3 years from the date of issue or in other cases indicated in the terms and conditions of the bond issue (regulatory change of bond classification, change of bond taxation), subject to the approval of the Bank Guarantee Fund, if such approval is required;
7. Issue price: nominal value;
8. Currency: Polish zloty;
9. Issue date: 28 July 2023;
10. Maturity date: 28 July 2027, subject to the possibility of their early redemption on the terms described in article 77 and 78a of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012;
11. Trading: bonds to be traded on the alternative trading system Catalyst operated by the Warsaw Stock Exchange S.A. (Giełda Papierów Wartościowych w Warszawie S.A.);
12. Purpose of the issue: the purpose of the issue, within the meaning of Article 32 Section 1 of the Act of January 15, 2015 on bonds, has not been specified.

The main conditions for the issue of the series SP1 SP Bonds are as follows:

1. Type of bonds: bearer bonds; the bonds will be registered on the deposit maintained by the National Depository for Securities (Krajowy Depozyt Papierów Wartościowych S.A.);
2. Total number of bonds to be issued: 1,500 (in words: one thousand five hundered);
3. The nominal value of one bond: PLN 500,000 (in words: five hundred thousand zlotys);
4. The total nominal value of bonds to be issued: PLN 750,000,000 (in words: seven hundered fifty million zlotys);
5. Interest rate: floating, based on the benchmark of WIBOR for six months deposits (WIBOR 6M) plus a margin of 1.35% p.a.;
6. Format of issue: 2NC1, i.e. bonds with a maturity of 2 years, with an option giving the Bank the right to early redemption of the bonds within 1 year from the date of issue or in other cases indicated in the terms and conditions of the bond issue (regulatory change of bond classification, change of bond taxation), subject to the approval of the Bank Guarantee Fund, if such approval is required;
7. Issue price: nominal value ;
8. Currency: Polish zloty;
9. Issue date: 28 July 2023;
10. Maturity date: 28 July 2025, subject to the possibility of their early redemption on the terms described in article 77 and 78a of Regulation (Eu) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012;
11. Trading: bonds to be traded on the alternative trading system Catalyst operated by the Warsaw Stock Exchange S.A. (Giełda Papierów Wartościowych w Warszawie S.A.);
12. Purpose of the issue: the purpose of the issue, within the meaning of Article 32 Section 1 of the Act of 15 January 2015 on bonds, has not been specified.

Series SP1 SP Bonds were assigned 'BBB+' long-term issue rating by S&P Global Ratings.

Legal basis: Article 17.1 of MAR – inside information