Report No. 22/2017

Legal basis:

§ 38.1.11 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and the conditions for concerning information required by the law of a non-member state as equivalent

The report:

The Management Board of PKO Bank Polski S.A. (“Bank”) hereby announces that on 22 June 2017, the Bank’s Annual General Meeting decided to appropriate the Bank’s profit for financial year 2016, allocating it (in line with Bank’s Management Board recommendation) for the supplementary capital and reserve capital, without any amount for the dividend payment.

Polish Financial Supervision Authority (“PFSA”) recommended increase the own funds of the Bank by retaining the whole net profit for the period from 1 January 2016 to 31 December 2016.

The resolution of the Bank’s Annual General Meeting on the distribution of the profit for 2016, is comprehensive with the recommendation of the PFSA.