BPKD.L Regulatory News (BPKD)

UNOFFICIAL TRANSLATION

1.06.2018 - Report 7/2018: Amendment of the agenda of the Ordinary General Meeting of Bank Polska Kasa Opieki Spółka Akcyjna for the fiscal year 2017.

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)

The Management Board of Bank Polska Kasa Opieki Spółka Akcyjna hereby announces that on May 30th, 2018, received from the shareholder - Powszechny Zakład Ubezpieczeń Spółka Akcyjna based in Warsaw ("PZU SA") as a shareholder representing at least one twentieth of the Bank's share capital, pursuant to Article 401 § 1 of the Commercial Companies Code, a request to place in the agenda of the Ordinary General Meeting of Bank Polska Kasa Opieki Spółka Akcyjna for the fiscal year 2017 convened for June 21st, 2018, following matters:

16. Adoption of the resolution on the remuneration policy of the Members of the Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna.

17. Adoption of the resolution on the remuneration policy of the Members of the Management Board of Bank Polska Kasa Opieki Spółka Akcyjna.

18. Adoption of the resolution regarding an amendment to the Articles of Association of Bank Polska Kasa Opieki Spółka Akcyjna.

Acting on the basis of art. 401 § 2 of the Commercial Companies Code, the Management Board of Bank announces changes to the agenda of the Ordinary General Meeting of Bank Polska Kasa Opieki Spółka Akcyjna for the fiscal year 2017, introduced at the request of PZU SA, by including the following matters into the agenda of the Ordinary General Meeting of Bank Polska Kasa Opieki Spółka Akcyjna for 2017:

" 16. Adoption of the resolution on the remuneration policy of the Members of the Supervisory Board

of Bank Polska Kasa Opieki Spółka Akcyjna.

17. Adoption of the resolution on the remuneration policy of the Members of the Management Board

of Bank Polska Kasa Opieki Spółka Akcyjna.

18. Adoption of the resolution regarding an amendment to the Articles of Association of Bank Polska

Kasa Opieki Spółka Akcyjna."

Following the above, the order of the current item 16 changed, and is now marked as item 19.

In connection with the above, the Management Board of Bank announces a new agenda with the indication of new items and the justification by the shareholder of the new items.

New agenda of the Ordinary General Meeting of Bank Polska Kasa Opieki Spółka Akcyjna for the fiscal year 2017:

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

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

3. Concluding correctness of convening the Ordinary General Meeting of Bank Polska Kasa Opieki Spółka Akcyjna and its capacity to adopt binding resolutions.

4. Election of the Voting Commission.

5. Adoption of the agenda of the Ordinary General Meeting of Bank Polska Kasa Opieki Spółka Akcyjna.

6. Consideration of the Management Board's Report on the activities of Bank Pekao S.A. for the year 2017.

7. Consideration of the Unconsolidated Financial Statements of Bank Pekao S.A. for the year ended on 31 December 2017.

8. Consideration of the Management Board's Report on the activities of Bank Pekao S.A. Group for the year 2017.

9. Consideration of the Consolidated Financial Statements of Bank Pekao S.A. Group for the year ended on 31 December 2017.

10. Consideration of the motion of the Management Board of the Bank on distribution of the profit of Bank Polska Kasa Opieki Spółka Akcyjna for the year 2017.

11. Consideration of the Report of the Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna on its activity in 2017 and the results of the performed assessment of: the reports on the activities of the Bank Polska Kasa Opieki Spółka Akcyjna and of Bank Polska Kasa Opieki Spółka Akcyjna Group for the year 2017, financial statements of Bank Polska Kasa Opieki Spółka Akcyjna and of Bank Polska Kasa Opieki Spółka Akcyjna Group for the period ended on 31st December 2017, and of the motion of the Management Board of the Bank on the distribution of the profit of Bank Polska Kasa Opieki Spółka Akcyjna for the year 2017 and the situation of Bank Polska Kasa Opieki Spółka Akcyjna.

12. Adoption of the resolutions on:

1) approving the Management Board's Report on the activities of Bank Pekao S.A. for the year 2017,

2) approving the Unconsolidated Financial Statements of Bank Pekao S.A. for the year ended on 31 December 2017,

3) approving the Management Board's Report on the activities of Pekao S.A. Group for the year 2017,

4) approving the Consolidated Financial Statements of Bank Pekao S.A. for the year ended on 31 December 2017,

5) distribution of profit of Bank Polska Kasa Opieki Spółka Akcyjna for the year 2017,

6) approving the Report of the Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna on its activity in 2017,

7) approving the performance of duties by members of the Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna in 2017,

8) approving the performance of duties by members of the Management Board of Bank Polska Kasa Opieki Spółka Akcyjna in 2017.

13. Selection of the audit firm to audit and review financial statements of Bank Polska Kasa Opieki Spółka Akcyjna and consolidated financial statements of Bank Polska Kasa Opieki Spółka Akcyjna Capital Group for years 2018-2020 and adoption of the resolution in this matter.

14. Perform assessment of the Compensation Policy of Bank Polska Kasa Opieki Spółka Akcyjna in the year 2017 based on the Report presented by the Supervisory Board on assessment of the Compensation Policy of Bank Polska Kasa Opieki Spółka Akcyjna and adoption of the resolution in this matter.

15. Presentation by the Supervisory Board of the Report from the assessment of the application by Bank Polska Kasa Opieki Spółka Akcyjna of the Principles of Corporate Governance for Supervised Institutions in the year 2017.

16. Adoption of the resolution on the remuneration policy of the Members of the Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna.

17. Adoption of the resolution on the remuneration policy of the Members of the Management Board of Bank Polska Kasa Opieki Spółka Akcyjna.

18. Adoption of the resolution regarding an amendment to the Articles of Association of Bank Polska Kasa Opieki Spółka Akcyjna.

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

Justification of PZU SA to new items 16, 17 and 18 included in the agenda:

"The shareholder's request to include the abovementioned matters on the agenda of the Ordinary General Meeting of Bank Polska Kasa Opieki Spółka Akcyjna for the fiscal year 2017, convened for June 21, 2018, is aimed at adjusting the remuneration policy and the Bank's Articles of Association to the principles and statutes of the PZU Group entities."

According to the information contained in the PZU SA request, "draft resolutions regarding proposed agenda items will be forwarded at a later date."