Report No. 43/2024

Legal basis:

§19.1.2 of the Ordinance of the Minister of Finance on 29 March 2018 on the current and periodic information published by issuers of securities and on the conditions for recognising such information as being equivalent to information required by the provisions of law of a non-member state

the Report:

With reference to the reports No. 31/2024 and No. 38/2024, the Management Board of PKO Bank Polski S.A. ("the Bank") informs that Supervisory Board expressed today a positive opinion regarding the drafts of resolutions of the Annual General Meeting ("AGM") concerning the discharge Andrzej Kopyrski and Piotr Mazur as  members of the Management Board for 2023.

At the same time Supervisory Board expressed  a negative opinion with regards to the drafts of resolutions of the AGM concerning the discharges of the following members of the Management Board for 2023: Dariusz Szwed, Maciej Brzozowski, Marcin Eckert, Paweł Gruza, Wojciech Iwanicki, Artur Kurcweil, Maks Kraczkowski, Mieczysław Król.

The Supervisory Board's negative opinions on the AGM draft resolutions on the discharge of the above-mentioned members of the Bank's Management Board for the performance of their duties in 2023 results from identification of irregularities during two external audits carried out at the Bank since April 2024 of selected areas of the Bank activities, including marketing expenses and sponsorship one, covering also the period of 2023.

As a result of the above, the content of one of the materials presented to the AGM was changed. The current contents of the draft resolutions of the AGM concerning the 2023 discharges of the members of the Bank's Management Board are included in the appendix to this report.