UNOFFICIAL TRANSLATION

Bank Polska Kasa Opieki Spółka Akcyjna ("Bank") informs that the following events will be included in the consolidated financial results for the second and third quarter of 2022:

1) Recognition of a provision for the legal risk of foreign currency mortgage loans in the amount of PLN 403 million to be charged in the second quarter of 2022.
    The additional provisions reflect the continuing negative trends in judicial decisions and the inflow of new disputes.

2) Recognition of the cost related to the modification of PLN mortgage loan agreements granted to consumers due to their suspension of loan repayments in the total pre-tax amount of PLN 2,429 million.

The above cost is recognized due to taking into account by the Bank of customers' rights to benefit from the suspension of loan repayments under the Act on social financing for business ventures and support to borrowers (the "Act") signed on July 14, 2022 by the President of the Republic of Poland.

Taking into account the participation criteria resulting from the Act, the Bank estimated the participation of customers at the level of 85%, which is associated with a necessity to recognize the cost in the total pre-tax amount of PLN 2,429 million against the results for the third quarter of 2022.

The estimate in question will be periodically verified, in particular with regard to the assumed level of customer participation, and its update will be included in the current financial results.

The above cost resulting from the Act will be charged to the financial results of the Bank and the Group for the third quarter of 2022, as a result of which the Bank and the Group expect a negative financial result for the third quarter of 2022.

At the same time, the capital adequacy and liquidity ratios of the Bank and the Group will remain at safe levels, above the regulatory requirements.

Detailed information on the above events will be presented in the financial report for the first half of 2022, the publication of which is planned for August 4, 2022.

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