BPKD.L Regulatory News (BPKD)

UNOFFICIAL TRANSLATION

Report No 51/2017: The start of the book building process in connection with the preparation of the non-public issue of the subordinated bonds of Bank Polska Kasa Opieki Spółka Akcyjna

The Management Board of Bank Polska Kasa Opieki Spółka Akcyjna ("Bank") hereby informs that on 22nd September, 2017 it has gave permission the start the book building process in connection with the preparation of the non-public issuance of the Bank's subordinated bonds.

The main parameters of the prepared issuance are as follows:

1. Bonds will be subordinated within the meaning of art. 22 of the Bonds Act, and after obtaining the approval of the Polish Financial Supervision Authority in accordance with Art. 127 sec. 2 of the Banking Law, bonds will be classified as Tier II instruments;

2. The maximum total nominal value of the issuing Bonds is up to PLN 1,000,000,000 (in words: one billion Polish zloty);

3. Interest rate will be variable, based on the WIBOR6M reference rate, increased by the margins established in the book building process;

4. Bonds will be unsecured;

5. Bonds will have a 10-year maturity;

6. Considered issue date of the bonds is October 2017, provided that the dates and the final value of the issue will depend on the situation on the bond market.

Legal basis: Article 17 (1) of MAR - confidential information