Re resignations from the positions of Bank's SB

UNOFFICIAL TRANSLATION

Report 16/2017: Statement on the change of conditions of resignation from the position of the Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna submitted by four of its members

The Management Board of Bank Polska Kasa Opieki Spółka Akcyjna (the "Bank") hereby informs that on 24 April, 2017 received from Mr Gianni Papa, Mr Massimiliano Fossati, Mrs Laura Stefania Penna and Mrs Doris Tomanek the statements, that resignations performed by these persons from the positions of the Bank's Supervisory Board members, what had been reported by the Bank in Current Report no. 2/2017 dated 13 January 2017, will come into effect subject to the condition that and on the day of direct disposal of, in total, 86,090,172 (eighty-six million, ninety thousand one hundred and seventy-two) shares in Bank by UniCredit S.p.A. to Powszechny Zakład Ubezpieczeń S.A. and Polski Fundusz Rozwoju S.A. ("Transaction"). According to the statements, it is a consequence of a change in the structure of the Transaction.

Legal basis: § 5 sec. 1 p. 21 of the Ordinance of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and the conditions for regarding information required by the law of a non-member state as equivalent.