Dismissal the shareholder's appeal

UNOFFICIAL TRANSLATION

Report 28/2016: Dismissal the shareholder's appeal in the case to overrule the resolution No 5 of the Ordinary Shareholders Meeting of the Bank dated May 5, 2009

Management Board of Bank Polska Kasa Opieki S.A. ("Bank") hereby informs that by the verdict of 7 December 2016, the Appeal Court in Warsaw dismissed the appeal of the Bank's shareholder against the sentence of 13 May 2015 dismissing the shareholder's claim to overrule the resolution No 5 of the Bank's Ordinary General Meeting dated May 5, 2009 on approving the Bank's financial statement for 2008.

The aforementioned verdict is legally valid.

Legal basis:

§ 38 section 1 point 10 of the Finance Minister's Ordinance of 19 February 2009 re. current and periodic reports published by the issuers of securities and the rules of equal treatment of the information required by the laws of non-member states.