UNOFFICIAL TRANSLATION

Bank Polska Kasa Opieki S.A. based in Warsaw ("Bank") informs that on 11 August 2025, in accordance with the provisions of the Act of 13 March 2003, on special rules for terminating employment relationships with employees for reasons not related to employees, it has adopted a resolution on the intention to implement changes in the remuneration and bonus conditions for a group of approximately 2,700 employees by concluding agreements with employees, and in the event of their rejection, by issuing change notices under the special rules for terminating employment relationships with employees for reasons not related to employees. In this process, the Bank does not foresee a reduction in the number of employees.

In connection with the issuance of the State Labor Inspection in February 2024, which required the Bank to intensify the process aimed at introducing a workplace source of labor law regulating the area of remuneration for employees employed under managerial contracts (employment contracts), the Bank, after conducting processes provided for by law, including negotiations with the social side and consultations on remuneration regulations, adopted new remuneration and bonus conditions for this group of employees, which will be effective from January 2026. The consequence of these actions is the necessity to provide changes to the employment contracts.

On 11 August 2025, the Bank will inform the trade unions operating within the Bank about the reasons for the intended collective redundancy and will invite the trade unions to participate in consultations. Furthermore, the Bank will notify the labor office of its intention to implement the collective redundancy procedure in the Bank without the intention of reducing employment.

The Bank will publish another announcement after the completion of the legally required consultations with the trade unions operating in the Bank and will include information about the estimated amount of the accruals related to this process, which will fully impact the Bank's results. Final data regarding the amount of the created accruals and the impact of employment restructuring on the Bank's financial results will be provided in the Bank's financial statements.

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