Report No. 2/2025

Legal basis:

Paragraph 16 of the Regulation of the Minister of Finance on 29 March 2018 on the current and periodic information published by issuers of securities and the conditions for considering as equivalent the information required by law of a non-member state

the Report:

The Management Board of PKO Bank Polski S.A. (“Bank”) hereby announces that on 9 January 2025 it closed the subscription for senior preferred notes with a total nominal value of EUR 750,000,000.

The issuance of notes is carried out under EMTN Programme according to the Base Prospectus accepted by the Commission de Surveillance du Secteur Financier on 15 March 2024.

Taking into consideration  the intention to introduce the bonds to the listing on the regulated markets in Luxembourg and in Warsaw, the Management Board of the Bank informs as follows:

1. Subscription opening date: 9 January 2025
2. Subscription closing date: 9 January 2025
3. Bonds allocation date: 9 January 2025
4. The number of bonds covered by the subscription: 7,500 bonds
5. Reduction rate in specific tranches, if at least in one of the tranches the number of allocated bonds was lower than the number of subscribed bonds: the bonds are to be issued in one tranche with the reduction rate of: 63.24 %
6. The number of bonds subscribed: 20,405 bonds
7. The number of bonds which we allocated within the subscription: 7,500 bonds
8. The price of acquisition of the bonds: 99.952 % par value
9. The margin determining the interest rate for the bonds was set at 105 bps
10. Notes were issued with 3 years and 5 moths tenor with an option for a call after 2 years and 5 moths years since issuance
11. The number of persons which subscribed the bonds in specific tranches: 118 persons
12. The number of persons to whom the bonds were allocated within the subscription in specific tranches: 104 persons
13. The name of underwriters who acquired the bonds under underwriting agreement: not applicable
14. The aggregate nominal amount of subscription, i.e. the product of number of bonds under the offering and the issue price: EUR 749,640,000 (in words: seven hundred forty nine million six hundred forty thousand euro) is equal to PLN 3,208,009,416 according to average NBP exchange rate as of 9 January 2025
15. The total costs which were included in the issuance costs: the Bank will disclose such information in an updated current report after it has received and accepted all the invoices connected with the issuance
16. The average cost of subscription per one subscribed bond: the Bank will disclose such information in an updated current report after it has received and accepted all the invoices connected with the issuance
17. The way of payment for bonds to be acquired: the payment will be made to the Bank's account.