Resolution re distribution of net profit of Bank

UNOFFICIAL TRANSLATION

22.05.2020 - Report 30/2020: 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 2019

Legal basis:

Article 56 Section 1 point 2 of the Offering Act - current and periodic information

Content of the report:

Bank Polska Kasa Opieki Spółka Akcyjna ("Bank") hereby informs that on 22 May 2020 the Ordinary General Meeting of the Bank adopted the resolution on the distribution of net profit of the Bank for the year 2019 ("Resolution"). The Resolution does not provide dividend payment.

According to the Resolution:

1) from the net profit of Bank for the year 2019 in the amount of PLN 2,247,466,618.97 (in words: two billion two hundred forty seven million four hundred sixty six thousand six hundred and eighteen PLN 97/100), the amount of PLN 562,409,000.69 (in words: five hundred sixty two million four hundred and nine thousand PLN 69/100), i.e. ca. 25% of net profit of the Bank for 2019, is allocated to reserve capital;

2) the remaining part of the net profit of Bank for the year 2019 in the amount of PLN 1,685,057,618.28 (in words: one billion six hundred eighty five million fifty seven thousand six hundred and eighteen PLN 28/100), i.e. ca. 75% of net profit of the Bank for 2019, is left undistributed.

Legal Basis:

§ 19 Section 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)