Resolution re distribution of net profit of Bank

UNOFFICIAL TRANSLATION

26.06.2019 - Report 19/2019: Resolution of the Ordinary General Meeting of Bank Polska Kasa Opieki Spółka Akcyjna on the distribution of net profit of the Bank for the year 2018

Bank Polska Kasa Opieki Spółka Akcyjna ("Bank") hereby informs that on 26 June 2019 the Ordinary General Meeting of the Bank adopted the resolution on the distribution of net profit of the Bank for the year 2018 ("Resolution").

According to the Resolution:

1) The net profit of the Bank for the year 2018 in the amount of PLN 2,310,599,572.17 (say: two billion, three hundred ten million, five hundred and ninety nine thousand, five hundred seventy two zlotys 17/100) is divided in the following way:

a) 74.97% of net profit of the Bank i.e. the amount of PLN 1,732,302,224.40 (say: one billion, seven hundred thirty two million, three hundred two thousand and two hundred twenty four zlotys 40/100) is allocated to dividend,

b) PLN 578,297,347.77 (say: fife hundred seventy eight million, two hundred ninety seven thousand and three hundred forty seven zlotys 77/100) is allocated to reserve capital.

2) The dividend value per share amounts to PLN 6.60 (say: six zlotys 60/100).

3) The date of determining the right to dividend (dividend day) set on 10 July 2019.

4) The date of payment of the dividend set on 30 July 2019.

Total number of Bank's shares entitled to dividend amounts to 262,470,034.

Legal basis:

§ 19 sec. 2 of the Regulation of the Minister of Finance of 29 March 2018 concerning current and periodical information published by issuers of securities and terms of recognizing as equivalent information required by laws of a non-Member State (Journal of Laws 2018 item 757)