UNOFFICIAL TRANSALTION

Bank Polska Kasa Opieki S.A. (the "Bank"), with reference to current report No. 27/2023 dated 16 November 2023 (as corrected on 24 November 2023), advises that:

1. the total costs recognised as issuance costs broken down by cost item comprise the following:
   1. preparation and conduct of the offer: 5.09 mn. PLN;
   2. underwriters' remuneration, for each separately: not applicable (the Bank did not enter into any underwriting agreements in connection with the issue);
   3. establishment of the EMTN Programme, including preparation of the prospectus in connection with the EMTN Programme establishment, including advisory costs: 2.58 mn. PLN;
   4. promotion of the offer: 0.02 mn. PLN.

The total expenditure listed above amounted to 7.68 mn. PLN gross (i.e. including VAT).

2. the method of accounting for costs in the accounts and how they are recognised in the Bank's financial statements:

Expenses related to the work on preparing the Prospectus and other expenses incurred to date relating to the bond offering will be deferred respectively - for a period of twelve months from the date of acceptance of the prospectus by the Commission de Surveillance du Secteur Financier in Luxembourg (costs listed in letter d) or over the life of the issued bonds (costs listed in letters a and c).

3. the average cost of carrying out the subscription per unit of security subscribed: 1.02 ths. PLN.

It should be noted that the above average cost does not include the cost of drawing up the prospectus, as this item applies to all bond offerings carried out under the EMTN Programme. If the cost of drawing up the prospectus were included, the average cost of carrying out the subscription per security unit subscribed for would be 1.54 ths. PLN.

Legal basis: § 16 of the Ordinance of the Minister of Finance of 29 March 2018 on current and periodic information provided by issuers of securities and conditions for recognising as equivalent information required by the laws of a non-member state.