UNOFFICIAL TRANSLATION

A change of the agenda of the Ordinary General Meeting of Bank Polska Kasa Opieki Spółka Akcyjna for the financial year 2019

Content of the report:
With reference to current report no. 21/2020 dated 24 April 2020 regarding the announcement on convening the Ordinary General Meeting of Bank Polska Kasa Opieki Spółka Akcyjna ("Bank") for the financial year 2019 for 22 May 2020, 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 item has been added to the agenda of the Ordinary General Meeting of Bank for the financial year 2019:
“18. Adoption of resolutions on the amendment of the Statute of Bank Polska Kasa Opieki Spółka Akcyjna.”
Following the above, the order of the current item 18 has been changed, and is now marked as item 19.
The agenda of the Ordinary General Meeting of Bank for the financial year 2019 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. Election of the Returning Committee.
5. Adopting the agenda of the Ordinary General Meeting of Shareholders of Bank Polska Kasa Opieki Spółka Akcyjna.
6. Review of the Report of the Management Board of the Bank on the operations of Bank Pekao S.A. for the year 2019.
7. Review of the Stand-alone Financial Statement of Bank Pekao S.A. for the year ended on 31 December 2019.
8. Review of the Report of the Management Board of the Bank on the operations of Bank Pekao S.A. Capital Group for the year 2019.
9. Review of the Consolidated Financial Statements of Bank Pekao S.A. Capital Group for the year ended on 31 December 2019.
10. 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 2019.
11. Review of the Report of the Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna
on its operations in the year 2019 and on the results of the assessment of: reports on the operations  of Bank Polska Kasa Opieki S.A. and of the Capital Group Bank Polska Kasa Opieki Spółka Akcyjna in the year 2019, the 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 2019.
12. 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 2019,
2) approval of the Stand-Alone Financial Statement of Bank Pekao S.A. for the year ended on 31 December 2019,
3) approval of the Report of the Management Board of the Bank on the operations of Bank Pekao S.A. Capital Group for the year 2019,
4) approval of the Consolidated Financial Statements of Bank Pekao S.A. Capital Group for the year ended 31 December 2019,
5) distribution of net profit of Bank Polska Kasa Opieki Spółka Akcyjna for the year 2019,
6) approval of the Report on the operations of the Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna in the year 2019,
7) granting discharge to members of the Management Board of Bank Polska Kasa Opieki Spółka Akcyjna for the performance of their duties in the year 2019,
8) 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 2019,
9) granting discharge to members of the Management Board of Centralny Dom Maklerski Pekao Spółka Akcyjna, a company partially demerged into Bank Polska Kasa Opieki S.A., for the performance of their duties in the year 2019,
10) granting discharge to members of the Supervisory Board of Centralny Dom Maklerski Pekao Spółka Akcyjna, a company partially demerged into Bank Polska Kasa Opieki Spółka Akcyjna, for the performance of their duties in the year 2019.
13. Report on the evaluation of the functioning of the Remuneration Policy of Bank Polska Kasa Opieki Spółka Akcyjna in the year 2019 and the adoption of a resolution on this matter.
14. Adoption of the “Remuneration Policy for Members of the Supervisory Board and the Management Board of Bank Polska Kasa Opieki Spółka Akcyjna”.
15. Presentation by the Supervisory Board of the Report on the assessment of the application by Bank Polska Kasa Opieki Spółka Akcyjna in 2019 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. Adoption of resolutions on the dismissal of Members of the Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna and appointment of Members of the Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna for a new joint term of office, taking into account the assessment of compliance with the suitability requirements.
17. Consideration of the proposal and adoption of a resolution to amend the Statute of Bank Polska Kasa Opieki Spółka Akcyjna.
18. Adoption of resolutions on the amendment of the Statute of Bank Polska Kasa Opieki Spółka Akcyjna
19. Closing of the Ordinary General Meeting of Shareholders of Bank Polska Kasa Opieki Spółka Akcyjna.
Justification provided by PZU SA to new item 18, adopted into the agenda:
"The shareholder’s request to include the aforementioned issues in the agenda of the Ordinary General Meeting of Shareholders of Bank Polska Kasa Opieki Spółka Akcyjna, convened for 22  May 2020, aims to adapt the Statute of the Bank to the regulations in effect in the PZU Group."

Motion of the Shareholder to include certain matters in the agenda of the Ordinary General Meeting of Bank Polska Kasa Opieki Spółka Akcyjna for 2019 and the draft resolutions of the Ordinary General Meeting regarding the amendments to the Statute related to the new item in the agenda that have been submitted by PZU SA are attached to the report. Other draft resolutions of the Ordinary General Meeting 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).