Report No. 40/2016

Legal grounds:

Paragraph 5.1.22 of the Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information published by issuers of securities and on the conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state (the “Regulation”)

The report:

The Management Board of PKO Bank Polski S.A. (the “Bank”) hereby informs that on 14 July 2016 the Supervisory Board of the Bank appointed Mr. Jan Emeryk Rościszewski for the position of the Vice-President of the Bank’s Management Board as of 18 July 2016 for the current joint term of office of the Bank’s Management Board.

Information about appointed member of the Management Board:

Jan Emeryk Rościszewski (aged 51) – Polish entrepreneur, manager in the insurance sector. In 1988 he graduated from the History at the Faculty of Humanities of the Catholic University of Lublin. In 1990 he obtained DEA diploma at the Institute of Political Studies in Paris (Institut d’Etudes Politiques de Paris). He completed numerous trainings in finance, insurance and management in France, the United Kingdom and Poland. In 1996 he obtained the licence of an insurance broker. From the first half of 1990s he worked for the international banking and insurance institutions, among others for AXA, Azur. In 1990 – 1991 he worked in France for AXA Banque and AXA International, and in 1991 – 1993 for Groupe Azur. In 1993 -1996 he was the Member of the Management Board of TU Azur Ostoja SA and TUnŻ Azur Życie SA. Since 1996 he has been working with Paribas. In 1998 - 2016 r. as the President of the Management Board he managed Towarzystwo Ubezpieczeń na Życie Cardif Polska S.A., which currently is a member of BNP Paribas Group. Simultaneously, in 2001-2016 he served as the Chief Executive Officer of Cardif Assurance Risques Divers in Poland.

He has held a lot of additional professional roles: the Chairman of the Supervisory Board of Pocztylion-Arka PTE (since 1999), the Vice-chairman of the Supervisory Board of Pocztowa Agencja Usług Finansowych SA (2000 – 2014), the member of the Audit Committee of the Polish Insurance Association (2012 – 2016), the member of the Supervisory Board of BBI Developement NFI S.A. (since 2011).

In 1981 – 1983 he acted at the the Primate Committee for Assistance to Persons Deprived of Liberty [Prymasowski Komitet Pomocy Osobom Pozbawionym Wolności]. Since 2009 he has been the Knight of Honour and Devotion of the Order of Malta, and since December 2012 he has held the function of the hospitaller of the Association of Polish Knights of Malta. He is the Member of the Management Board of the Page of History Foundation [Fundacja Karta z Dziejów] (since 2007) and the member of the Warsaw High-Mountain Club, the Polish Heraldry Society, Domus Polonorum. In 2010 he was awarded the Officer’s Cross of Polonia Restituta for outstanding achievements in the activity for the development of the insurance market in Poland. The author and co-author of historical books and articles relating to finances and management.

Jan Emeryk Rościszewski declared that:

1)     he doesn’t conduct any business competitive to the business of the Bank, subject to the third point of this declaration;

2)     he doesn’t participate in any business competitive in respect of the Bank as a partner in a partnership;

3)     he is not a member of a governing body of a company competing with the Bank; he is a member of supervisory bodies of companies competing with the activities of the Bank’s Capital Group - Pocztylion Arka PTE SA (he will stop acting as Chairman of the Supervisory Board as of 18 July 2016) and BBI Development SA (he will resign from the position at the next shareholder meeting);

4)     he is not a member of any other governing body of legal person competing with the Bank;

5)     he is not registered in the Register of Insolvent Debtors.