Nationale-Nederlanden PTE notification on above 5%

UNOFFICIAL TRANSLATION

30.01.2020 - Report 2/2020: Notification of Nationale-Nederlanden Powszechne Towarzystwo Emerytalny S.A. on the increase in the ownership of the Bank's shares above 5% in the total number of votes at the General Meeting of the Bank by OFE, DFE, FZD 2025, FZD 2030, FZD 2035, FZD 2040, FZD 2045, FZD 2050, FZD 2055, FZD 2060

The Bank Polska Kasa Opieki Spółka Akcyjna (the "Bank") hereby informs that on January 29, 2020 it received a notification (hereinafter "Notification") regarding the change in the total number of votes at the General Meeting of the Bank prepared on the basis of Article 69 in connection with Article 87 Section 1 item 2 letter (b) of the Act of July 29th, 2005 on Public Offering and Conditions Governing the Introduction of Financial Instruments to an Organized System Trading, and on Public Companies (Journal of Laws from 2009, No. 185, item 1439, as amended) made by Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. (hereinafter "NN PTE").

According to the information provided in the Notification received from NN PTE as a result of the acquisition of the Bank's shares in transactions on the Warsaw Stock Exchange, settled on Janaury 24th, 2020, funds managed by NN PTE:

§ Nationale-Nederlanden Otwarty Fundusz Emerytalny (hereinafter "OFE")

§ Nationale-Nederlanden Otwarty Dobrowolny Fundusz Emerytalny (dalej "DFE")

§ Nationale-Nederlanden Otwarty Dobrowolny Fundusz Emerytalny Nasze Jutro 2025 (hereinafter "FZD 2025")

§ Nationale-Nederlanden Otwarty Dobrowolny Fundusz Emerytalny Nasze Jutro 2030 (hereinafter "FZD 2030")

§ Nationale-Nederlanden Otwarty Dobrowolny Fundusz Emerytalny Nasze Jutro 2035 (hereinafter "FZD 2035")

§ Nationale-Nederlanden Otwarty Dobrowolny Fundusz Emerytalny Nasze Jutro 2040 (hereinafter "FZD 2040")

§ Nationale-Nederlanden Otwarty Dobrowolny Fundusz Emerytalny Nasze Jutro 2045 (hereinafter "FZD 2045")

§ Nationale-Nederlanden Otwarty Dobrowolny Fundusz Emerytalny Nasze Jutro 2050 (hereinafter "FZD 2050")

§ Nationale-Nederlanden Otwarty Dobrowolny Fundusz Emerytalny Nasze Jutro 2055 (hereinafter "FZD 2055")

§ Nationale-Nederlanden Otwarty Dobrowolny Fundusz Emerytalny Nasze Jutro 2060 (hereinafter "FZD 2060")

increased the ownership of the Bank's shares above 5% of votes at the General Meeting of the Bank.

According to the information provided in the Notification received from NN PTE, before the settlement of the transaction regarding acquisition of shares on January 23rd, 2020:

§ OFE held 13,082,209 shares of the Bank, which constituted 4.98% of the Bank's share capital and were entitled to 13,082,209 votes at the General Meeting of the Bank, which constituted 4.98% of the total number of votes at the General Meeting of the Bank;

§ OFE, DFE, FZD 2025, FZD 2030, FZD 2035, FZD 2040, FZD 2045, FZD 2050, FZD 2055, FZD 2060 held together 13,112,982 shares of the Bank, which constituted 4.996% of the Bank's share capital and were entitled to 13,112,982 votes at the General Meeting of the Bank, which constituted 4.996% of the total number oholf votes at the General Meeting of the Bank.

According to the information provided in the Notification received from NN PTE, after the settlement of the transaction regarding acquisition of shares on January 24th, 2020:

§ OFE held 13,170,209 shares of the Bank, which constituted 5.02% of the Bank's share capital. These shares entitle to 13,170,209 votes at the General Meeting of the Bank, which constituted 5.02% of the total number of votes at the General Meeting of the Bank;

§ OFE, DFE, FZD 2025, FZD 2030, FZD 2035, FZD 2040, FZD 2045, FZD 2050, FZD 2055, FZD 2060 held together 13,201,655 shares of the Bank, which constituted 5.03% of the Bank's share capital. These shares entitle to 13,201,655 votes at the General Meeting of the Bank, which constituted 5.03% of the total number of votes at the General Meeting of 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)