Bank Polska Kasa Opieki Spółka Akcyjna ("Bank") hereby informs that, on 4 February 2020, the Polish Financial Supervision Authority unanimously expressed consent to the appointment of Mr. Marek Lusztyn as the President of the Management Board of the Bank.

On 29 November 2019, the Supervisory Board of the Bank appointed Mr. Marek Lusztyn as the President of the Management Board of the Bank, subject to the consent of the Polish Financial Supervision Authority and upon obtaining such consent. Until that consent was obtained, Mr. Marek Lusztyn was the Vice President of the Management Board of the Bank managing the work of the Management Board of the Bank. Obtaining the said consent results in fulfillment of the condition of becoming the President of the Management Board of the Bank.

Information about the education and professional career of Mr. Marek Lusztyn has been presented in the in Current Report No 32/2019 dated 29 November 2019.

Legal basis: § 5 point 5 of the Finance Minister's Ordinance of 29 March 2018 regarding current and periodic information provided by the issuers of securities and conditions of recognizing as equivalent information required by the laws of the state not being a member state.