BPKD.L Regulatory News (BPKD)

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06.09.2019 - Report 26/2019: BlackRock, Inc. notification on exceeding the threshold of 5% of the voting rights in the Bank

Bank Polska Kasa Opieki Spółka Akcyjna (the "Bank") hereby informs that on September 5, 2019 it received a notification from BlackRock, Inc. regarding the exceeding of the threshold of 5% of total number of votes in the Bank, taking into account also securities lending and contracts for difference (CFD) (the "Notification").

The following information has been included in the Notification:

1. The date and type of the event that leads to a change in the shareholding to which the notification relates:

September 4, 2019 - acquisition of shares.

2. The current number of shares held and the proportion of the Banks's share capital represented by those shares, as well as the number of votes attached to those shares and their percentage share in the total number of votes:

After the change in the shareholding the subsidiaries of BlackRock, Inc holds 11,506,440 shares and votes in the Bank, representing 4.38% of the share capital of the Bank and the total number votes in the Bank respectively.

3. Subsidiaries of the shareholder that makes the notification, which hold the Banks's shares or other instruments referred to in items 4 and 5 below:

BlackRock Japan Co., Ltd.; BlackRock Investment Management, LLC; BlackRock Investment Management (UK) Limited; BlackRock Investment Management (Australia) Limited; BlackRock International Limited; BlackRock Institutional Trust Company, National Association; BlackRock Fund Advisors; BlackRock Financial Management, Inc.; BlackRock Asset Management North Asia Limited; BlackRock Asset Management Deutschland AG; BlackRock Asset Management Canada Limited; BlackRock Advisors, LLC; BlackRock Advisors (UK) Limited; BlackRock (Singapore) Limited; BlackRock (Netherlands) B.V.

Information regarding the chain of control over the abovementioned entities by Black Rock, Inc. has been presented in the attachment to this report.

4. The number of votes from shares, calculated pursuant to Article 69b.2 of the Polish Act on Public Offering, the Conditions Governing the Introduction of Financial Instruments to Organized Trading, and on Public Companies (the "Act on Public Offering"), to whose acquisition they are entitled or obliged as a holder of financial instruments referred to in Article 69b.1 (1) of the Act on Public Offering, as well as financial instruments referred to in Article 69b.1 (2) of the Act on Public Offering which are not exercised solely by cash settlement, the type and the name of those financial instruments, the date of their expiration, and about the date or time limit within which the acquisition of shares will or may occur:

1,199,501 votes from shares, representing 0.46% of the share capital of the Bank and the total number of votes in the Bank, related to securities lending. According to the Notification there is no date of expiration of the abovementioned instruments and no exercise or conversion period.

5. The number of votes from shares, calculated pursuant to Article 69b.3 of the Act on Public Offering, to which the financial instruments referred to in Article 69b.1 (2) of the Act on Public Offering refer directly or indirectly, the type and the name of these financial instruments, and about the date of their expiration

653,685 votes from shares representing 0.25% of the share capital of the Bank and the total number of votes in the Bank, related to contracts for difference (CFD) with cash settlement. According to the Notification there is no date of expiration of the abovementioned instruments and no exercise or conversion period.

6. The total number of votes as indicated pursuant to items (2), (4), and (5) and its percentage share in the general number of votes.

13,359,626 votes from shares, representing 5.09% of the share capital of the Bank and the total number of votes in the Bank.

Legal basis: art. 70 point 1 of the Act of July 29th, 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (consolidated text: Journal of Laws of 2018, item 512)

Attachment

The attachment below presents the structure of dominant entities over direct holders of shares or other financial instruments indicated in the notification received by Bank Polska Kasa Opieki S.A. In each case, the ultimate dominant entity is indicated at the first place whereas the direct owner of the shares or financial instruments mentioned above is indicated at the end.