Appointment of the Vice President and Member MB

UNOFFICIAL TRANSLATION

24.05.2019 - Report 14/2019: Appointment of the Vice President and Member of the Management Board of Bank Polska Kasa Opieki Spółka Akcyjna

Bank Polska Kasa Opieki Spółka Akcyjna (the "Bank") hereby informs that on 24 May 2019, the Bank's Supervisory Board, taking into consideration the suitability assessment, appointed Ms Magdalena Zmitrowicz entrusting her with the position of the Vice President of the Bank's Management Board and Mr Piotr Wetmański entrusting him with the position of a Member of the Bank's Management Board for the new three-year joint term of office, effective as of the day following holding of the Ordinary General Meeting of the Bank approving the financial statements of Bank for the financial year 2018.

According to the submitted statement Ms Magdalena Zmitrowicz does not conduct any business competitive to that of the Bank and she is not involved in a competitive business as a shareholder or partner in a civil law company or partnership or a corporation or as a member of a corporate body of a competitive legal person. Ms Magdalena Zmitrowicz is not registered in the Register of Insolvent Debtors kept pursuant to the provisions of the KRS (National Court Register) Act of 20 August 1997.

The curriculum vitae of the Ms Magdalena Zmitrowicz containing information indicated in § 10 point 4 of the Ordinance of the Minister of Finance of March 29, 2018 regarding current and periodic information provided by issuers of securities and conditions for recognizing as equivalent information required by the laws of the state not being a member state, is an attachment to this current report.

According to the submitted statement Mr Piotr Wetmański does not conduct any business competitive to that of the Bank and he is not involved in a competitive business as a shareholder or partner in a civil law company or partnership or a corporation or as a member of a corporate body of a competitive legal person. Mr Piotr Wetmański is not registered in the Register of Insolvent Debtors kept pursuant to the provisions of the KRS (National Court Register) Act of 20 August 1997.

The curriculum vitae of Mr Piotr Wetmański containing information indicated in § 10 point 4 of the Ordinance of the Minister of Finance of March 29, 2018 regarding current and periodic information provided by issuers of securities and conditions for recognizing as equivalent information required by the laws of the state not being a member state, is an attachment to this current report.

Legal basis: § 5 point 5 of the Finance Minister's Ordinance of 29 March 2018 re. current and periodic reports published by the issuers of securities and the rules under which the information required by the laws of non-member states shall be deemed equivalent. (Journal of Laws 2018, item 757)

Biography

Magdalena Zmitrowicz has been the Vice President of the Management Board of Bank Pekao S.A. since November 23, 2018.

Magdalena Zmitrowicz joined Bank Pekao S.A. in year 2018 and until the appointment to the Management Board of the Bank, she was the Managing Director in the Corporate Banking, Markets and Investment Banking Division.

Before joining Bank Pekao S.A., Magdalena worked at Bank Handlowy w Warszawie S.A. as well as European structures of Citigroup. During a period 1999-2018 she held various roles, incl. position of a Director in Commercial Banking, a Regional Sales Director and a Regional Director in Public Sector in Commercial Banking Department where she was responsible for the sales management structures on regional and branch levels.

Magdalena graduated from the University of Gdansk in Social Sciences as well as Management. She participated in numerous trainings and courses in Poland and abroad with regards to management, banking and finance-related subjects. In year 2013 she graduated from Commercial Credit College, Citibank, Citigroup, NYC, USA. She was leading the group of Strategy Champions within Bank Handlowy w Warszawie S.A.

Biography

Piotr Wetmański has been a Member of the Management Board of Bank Pekao S.A. since 6 March 2019.

He joined Pekao S.A. in year 2017, assuming responsibility for building the bank's strategy for 2018-2020 and its operationalization.

From year 2014 Piotr Wetmański was responsible for supporting the key management of Bank of America Merrill Lynch in strategy planning for the Global Corporate and Investment Banking business as well as for the Global Banking and Markets in EMEA. Previously, in the same organization, he was responsible for financial and strategic advisory in the area of mergers and acquisitions in the Central and Eastern Europe and Great Britain markets. Previously, he was involved in business strategy and strategic projects at Goldman Sachs and Bloomberg.

Piotr Wetmański received a master's degree with merit in the area of Political Sciences and Political Economy at the London School of Economics and Political Science. He also graduated in Philosophy and Economics at the University College of London. In year 2017 he was awarded the title of Future Leader in Global Finance by the Institute of International Finance.