UNOFFICIAL TRANSLATION

Content of the report:

With reference to current report no. 16/2021 dated 14 May 2021 regarding the announcement on convening the Ordinary General Meeting of Bank Polska Kasa Opieki Spółka Akcyjna (the "Bank") for the financial year 2020 for 11 June 2021, the Bank informs that it received a request from Powszechny Zakład Ubezpieczeń Spółka Akcyjna ("PZU SA") to place specific matters on the agenda of the above-mentioned Ordinary General Meeting.

In connection with the request of the shareholder referred to above, the following items has been added to the agenda of the Ordinary General Meeting of Bank for the financial year 2020:

“18. Adoption of resolutions on amendments to the Statute of Bank Polska Kasa Opieki Spółka Akcyjna.”

“19. Change in the composition of the Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna.”

Following the above, the order of the current item 18 of the agenda of the Ordinary General Meeting of Bank for the financial year 2020 has been changed, and is now marked as item 20.

The agenda of the Ordinary General Meeting of Bank for the financial year 2020 including the shareholder request is as follows:

1. Opening of the Ordinary General Meeting of Shareholders of Bank Polska Kasa Opieki Spółka Akcyjna.

2. Election of the Chairperson of the Ordinary General Meeting of Shareholders of Bank Polska Kasa Opieki Spółka Akcyjna.

3. Statement of the correctness of convening of the Ordinary General Meeting of Shareholders of Bank Polska Kasa Opieki Spółka Akcyjna.

4. Adopting the agenda of the Ordinary General Meeting of Shareholders of Bank Polska Kasa Opieki Spółka Akcyjna.

5. Review of the Report on the operations of Bank Pekao S.A. Capital Group for the year 2020 – prepared jointly with the Report on the operations of Bank Pekao S.A.

6. Review of the Stand-Alone Financial Statement of Bank Pekao S.A. for the year ended on 31 December 2020.

7. Review of the Consolidated Financial Statements of Bank Pekao S.A. Capital Group for the year ended on 31 December 2020.

8. Review of the proposal of the Management Board of the Bank concerning the distribution of net profit of Bank Polska Kasa Opieki Spółka Akcyjna for the year 2020.

9. Review of the Report of the Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna on its activity in the year 2020 and on the results of the assessment of: Report on the operations of Bank Pekao S.A. Capital Group for the year 2020 – prepared jointly with the Report on the operations of Bank Pekao S.A., financial statements of Bank Polska Kasa Opieki Spółka Akcyjna and of the Capital Group Bank Polska Kasa Opieki Spółka Akcyjna for the year ended on 31 December 2020 and the proposal of the Management Board of the Bank concerning the distribution of net profit of Bank Polska Kasa Opieki Spółka Akcyjna for the year 2020 as well as the results of individual suitability assessment of Supervisory Board members and of collecitve suitability the Supervisory Board’s of the Bank Polska Kasa Opieki Spółka Akcyjna members suitability assessment.

10. Adopting resolutions on:

1. approval of the Report of the Management Board of the Bank on the operations of Bank Pekao S.A. for the year 2020 - prepared jointly with the Report on the operations of Bank Pekao S.A.,

2. approval of the Stand-Alone Financial Statement of Bank Pekao S.A. for the year ended on 31 December 2020,

3. approval of the Consolidated Financial Statements of Bank Pekao S.A. Capital Group for the year ended 31 December 2020,

4. distribution of net profit of Bank Polska Kasa Opieki Spółka Akcyjna for the year 2020,

5. approval of the Report of the Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna on its activity in the year 2020 and on the results of the assessment of: Report on the operations of Bank Pekao S.A. Capital Group for the year 2020 – prepared jointly with the Report on the operations of Bank Pekao S.A., financial statements of Bank Polska Kasa Opieki Spółka Akcyjna and of the Capital Group Bank Polska Kasa Opieki Spółka Akcyjna for the year ended on 31 December 2020 and the proposal of the Management Board of the Bank concerning the distribution of net profit of Bank Polska Kasa Opieki Spółka Akcyjna for the year 2020 as well as the results of individual suitability assessment of Supervisory Board members and of collecitve suitability the Supervisory Board’s of the Bank Polska Kasa Opieki Spółka Akcyjna members suitability assessment,

6. granting discharge to members of the Management Board of Bank Polska Kasa Opieki Spółka Akcyjna for the performance of their duties in the year 2020,

7. granting discharge to members of the Supervisory of Board of Bank Polska Kasa Opieki Spółka Akcyjna for the performance of their duties in the year 2020.

11. Selection of the audit firm to audit financial statements of Bank Polska Kasa Opieki Spółka Akcyjna and consolidated financial statements of Bank Polska Kasa Opieki Spółka Akcyjna Capital Group for years 2021-2023 and adoption of the resolution in this matter.

12. Adoption of a resolution on the approval of the "Policy of selection of candidates for the function of a member of the Management Board and the Key Function, and assessment of the suitability of the proposed and appointed members of the Management Board, Supervisory Board and persons holding Key Functions at Bank Polska Kasa Opieki Spółka Akcyjna".

13. Review of the Report of the Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna on the remuneration of Members of the Management Board and Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna for the years 2019 – 2020 and adoption of the resolution in this matter.

14. Review of the Report on the evaluation of the functioning of the Remuneration Policy of Bank in the year 2020 and the adoption of a resolution on this matter.

15. Presentation by the Supervisory Board of the Report on the assessment of the application by Bank Polska Kasa Opieki Spółka Akcyjna in 2020 of the Corporate Governance Principles for Supervised Institutions issued by the Polish Financial Supervision Authority on 22 July 2014 and the manner in which Bank Polska Kasa Opieki Spółka Akcyjna fulfils its disclosure obligations regarding the application of corporate governance principles set out in the Stock Exchange Rules.

16. Information on the Regulation of the Bank's Supervisory Board in the year 2020.

17. Review of the proposal and adoption of a resolution to amend the Statute of Bank Polska Kasa Opieki Spółka Akcyjna.

18. Adoption of resolutions on amendments to the Statute of Bank Polska Kasa Opieki Spółka Akcyjna.

19. Change in the composition of the Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna.

20. Closing of the Ordinary General Meeting of Shareholders of Bank Polska Kasa Opieki Spółka Akcyjna.

    Justification provided by PZU SA to new items 18 and 19, adopted into the agenda:

    “The application of the shareholder for placing the above-mentioned matters on the agenda of the Ordinary General Meeting of the Bank, convened on 11 June 2021, aims at:

    - adapting the Statute of the Bank to the regulations applicable at PZU Group;

    - rendering it possible to make any possible changes in the composition of the Supervisory Board of the Bank.”

    Motion of the shareholder to include certain matters in the agenda of the Ordinary General Meeting of Bank for the financial year 2020 and the draft resolutions of the Ordinary General Meeting regarding the amendments to the Statute and on changes to the composition of the Bank's Supervisory Board related to the new items in the agenda that have been submitted by PZU SA are attached to this current report. Other draft resolutions of the Ordinary General Meeting of the Bank for the financial year 2020 remain unchanged.

    Legal basis:

    § 19 sec. 1 p. 3 of the Regulation of the Minister of Finance of 29 March 2018 concerning current and periodical information published by issuers of securities and terms of recognizing as equivalent information required by laws of a non-Member State (Journal of Laws 2018 item 757).