BPKD.L Regulatory News (BPKD)

UNOFFICIAL TRANSLATION

The Management Board of Bank Polska Kasa Opieki Spółka Akcyjna informs the mandates of members of the Management Board of the Bank: Mr. Luigi Lovaglio - President of the Management Board of the Bank, Mr. Diego Biondo, Mr. Andrzej Kopyrski, Mr. Grzegorz Piwowar, Mr. Stefano Santini, Mr. Marian Ważyński - Vice Presidents of the Management Board of the Bank, expired on 12th June 2013.

Therefore, the Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna at the meeting held on 12th June 2013 appointed the following persons for a new common term of office of the Management Board of the Bank, lasting three years, beginning as of 13th June 2013:

Mr. Luigi Lovaglio as President of the Management Board of the Bank,

Mr. Diego Biondo as Vice President of the Management Board of the Bank,

Mr. Andrzej Kopyrski as Vice President of the Management Board of the Bank,

Mr. Grzegorz Piwowar as Vice President of the Management Board of the Bank,

Mr. Stefano Santini as Vice President of the Management Board of the Bank,

Mr. Marian Ważyński as Vice President of the Management Board of the Bank.

Legal base: § 5.1 p. 22 of the Ordinance of the Minister of Finance of 19th February 2009 on current and periodic information published by issuers of securities and the conditions for regarding information required by the law of a non-member state as equivalent. (Journal of Laws No. 33, item 259)

Mr Luigi Lovaglio, President of the Management Board, CEO

A graduate from the Department of Economics at the University of Bologna.

He has been working for the UniCredit Group since 1973, progressing through a number of important positions, including ten years as senior executive managing market areas of increasing importance.

In 1997, he had been appointed Head of Strategic UniCredit Group Planning and was involved in several mergers of UniCredito with newly acquired banks.

Since 1999 he has been cooperating with Bank Pekao S.A., with primary responsibility for the integration of the Bank with the UniCredit Group. He was also Project Leader of the integration of Bank Pekao S.A. with Bank BPH S.A., successfully completed in November 2007.

In the years 2000-2003 he was Deputy Chairman of the Management Board and Executive Director of Bulbank AD, the largest Bulgarian bank.

Mr Luigi Lovaglio joined the Management Board of Bank Pekao S.A. in September 2003. On May 1st 2011 Mr Luigi Lovaglio became President of the Management Board, CEO.

In 2008, Mr Luigi Lovaglio was awarded the title of Italy's Commander of the Order of the Star of Italian Solidarity by the Giorgio Napolitano, President of Italy, in recognition of his outstanding contribution to the development of economic cooperation between Poland and Italy.

Positions held in governing bodies of companies:

Member of the Supervisory Board of Pekao Bank Hipoteczny S.A.

According to the submitted declaration Mr Luigi Lovaglio does not carry out the competitive activity to the activity of Bank Pekao S.A. and is not listed in the Insolvent Debtors Register maintained in accordance with the Act on the National Court Register (KRS).

Mr Diego Biondo, Vice President of the Management Board

He completed business management studies at the University of Turin.

Mr Biondo started his professional career in 1990 at the Fiat Group in Turin, where he held a number of positions in the Finance Department. In 2000, he became Vice President and Deputy Treasurer of Fiat Finance North America of New York. In that role, he was responsible for the financing activities of the Fiat Group's companies in the US, Canada and Mexico. In the years 2001-2003, he was Vice President and Chief Financial Officer at Fiat Polska Sp. z o.o. in charge of the financing activities of the Fiat Group in Poland.

Mr Biondo joined Bank Pekao S.A. in 2003 as Executive Director, Head of the Risk Management Division (CRO).

Since December 11th 2008, he has served as Vice President of the Management Board, Chief Risk Officer.

Positions held in governing bodies of companies:

Member of the Supervisory Board ofPekao Leasing Sp. z o.o., Pekao Leasing Holding S.A., Deputy Chairman of the Supervisory Board of Pekao Bank Hipoteczny S.A., Chairman of the Supervisory Board of PJSC UniCredit Bank.

According to the submitted declaration Mr Diego Biondo does not carry out the competitive activity to the activity of Bank Pekao S.A. and is not listed in the Insolvent Debtors Register maintained in accordance with the Act on the National Court Register (KRS).

Mr Andrzej Kopyrski, Vice President of the Management Board

He is a graduate of Warsaw University of Technology and the University of Strathclyde (Glasgow).He has been associated with the banking sector since 1992, when he joined Bank Pekao S.A. In 1993-1996, he worked at the Corporate Banking Division at ING Bank Polska. Afterwards, he became Head of Structural Finance at Deutsche Bank Polska, and then in 1997- 2001 he held the position of Head of Structural Finance and Capital Markets at ABN Amro Bank (Polska). Since 2001, Mr Kopyrski was Management Board member at HSBC Financial Services (Poland).

From April 2002, Mr Andrzej Kopyrski worked for Bank BPH S.A. as Managing Director responsible for Sales, Structural Finance and Capital Markets. After the merger with Bank Pekao S.A., he took charge of the Investment Banking and Structural Finance Department. He was appointed Vice President of the Management Board of Bank Pekao S.A. on June 4th 2008. Currently he supervises the Corporate Banking, Markets and Investment Banking Division.

Positions held in governing bodies of companies:

Chairman of the Supervisory Board of Pekao Leasing Sp. z o.o., Pekao Leasing Holding S.A. and Pekao Faktoring Sp. z o.o., Deputy Chairman of the Supervisory Board of PJSC UniCredit Bank.

According to the submitted declaration Mr Andrzej Kopyrski does not carry out the competitive activity to the activity of Bank Pekao S.A. and is not listed in the Insolvent Debtors Register maintained in accordance with the Act on the National Court Register (KRS).

Mr Grzegorz Piwowar, Vice President of the Management Board

He holds a master's degree in Electronics from the University of Science and Technology of Kraków, and completed post-graduate studies in banking at the Kraków School of Economics.

He has been associated with the banking sector since 1992, when he joined Bank BPH S.A. In the years 1996-2000, he worked as Head of the Brokerage Office and for another two years as Director of the Retail Banking Southern Region. In 2002, he was promoted to the position of Sales and Distribution Managing Director of the Retail Banking Division.In October 2006, he was appointed member of the Management Board of Bank BPH S.A. in charge of Retail Banking.

Since November 30th 2007, he held the position of Vice President of the Management Board of Bank Pekao S.A. with responsibility for the Retail and Business Banking Division and since 2009 he has been responsible for the Retail Banking Division.

Positions held in governing bodies of companies:

Chairman of the Supervisory Board of the Centralny Dom Maklerski Pekao S.A., Pekao Bank Hipoteczny S.A., Pioneer Pekao Investment Management S.A., Dom Inwestycyjny Xelion Sp. z o.o. and Pekao Pioneer Powszechne Towarzystwo Emerytalne S.A.

According to the submitted declaration Mr Grzegorz Piwowar does not carry out the competitive activity to the activity of Bank Pekao S.A. and is not listed in the Insolvent Debtors Register maintained in accordance with the Act on the National Court Register (KRS).

Stefano Santini, Vice President of the Management Board

He is the graduate of University Bocconi in 1999 in Economics with thesis on the Transition to Market Economy of Eastern European Countries.

After a period of economic research, he started his professional career in banking sector in 2000 joining UniCredit Group in the newly established New Europe Division as Macroeconomic analyst. At the same time, he was involved in planning and control activities and during 2002 he supported the activities of P&C and project management of the integration projects in Croatia and Romania for UniCredit Group, while being advisor to the Supervisory Board members of Zagrebacka Banka and UniCredit Romania. During 2003, he started to support P&C, Project Office in Bank Pekao S.A. as UniCredit representative.In 2005 he joined Bank Pekao S.A. acting as Deputy Head of Finance Division. During 2006, following the merger between UniCredit and HVB, he was appointed as Project Manager of the Spin off and Merger of BPH and Bank Pekao S.A. Directly reporting to the General Manager of Bank Pekao S.A., he coordinated the work of 14 Task Forces and was member of the negotiation team of Bank Pekao S.A. in defining among others, the main contracts and conditions for the spin-off of Bank BPH and integration into Bank Pekao S.A.

In 2008, he was appointed as Managing Director, Head of ALM and Capital Management of Bank Pekao S.A. Following the start of the economic crisis in Ukraine, he was appointed as Advisor of the Supervisory Board of UniCredit Bank Ukraine and Member of the Audit Committee.

In April 2010 he joined the Management Board of UniCredit Bank Hungary Zrt. as Chief Financial Officer in charge of Planning and Control, Accounting, MIS, ALM, Tax while supervising the activities of the main Bank's subsidiaries. At the same time he was elected as Chairman of the Supervisory Board of UniCredit Jelzálogbank Zrt. (Mortgage Bank) and Chairman of Bank ALCO.

Since April 1st 2013 the Vice President of the Management Board, supervising the Financial Division.

Positions held in governing bodies of companies:

Member of the Supervisory Board of Pekao Leasing Sp. z o.o., Pekao Leasing Holding S.A.

According to the submitted declaration Mr Stefano Santini does not carry out the competitive activity to the activity of Bank Pekao S.A. and is not listed in the Insolvent Debtors Register maintained in accordance with the Act on the National Court Register (KRS).

Marian Ważyński, Vice President of the Management Board

A graduate of Warsaw University, Faculty of Law and Administration; he also completed postgraduate studies in commercial bank management at the Warsaw School of Economics.

He has been working in the banking sector since 1986. In 1986-1990, Mr Ważyński was Director of the Office of the Governor of the National Bank of Poland. From 1990 till 1998, he held a number of managerial positions at commercial banks. He was a member of the Management Board of AmerBank and Animex Bank, and a Regional Director of Bank Depozytowo-Kredytowy S.A.

Since he joined Bank Pekao S.A. in 1998, he was Merger Manager responsible for a transaction involving merger of four banks, and then became Executive Director responsible for the Logistics Division. Since December 15th 2004, he has been a member of the Management Board of the Bank. In November 2007, Mr Ważyński was appointed Vice President of the Management Board; he supervises Logistics and Procurement Division.

Position held in governing bodies of companies:

Chairman of the Supervisory Board of Pekao Property S.A.

According to the submitted declaration Mr Marian Ważyński does not carry out the competitive activity to the activity of Bank Pekao S.A. and is not listed in the Insolvent Debtors Register maintained in accordance with the Act on the National Court Register (KRS).