Report No. 50/2017

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 report:
The Management Board of PKO Bank Polski S.A. (the “Bank”) hereby informs that on 21 December 2017 the Supervisory Board of the Bank appointed Mr. Rafał Kozłowski for the position of the Vice-President of the Bank’s Management Board as of 1 January 2018 for the current joint term of office of the Bank’s Management Board.

Information about appointed member of the Management Board:

Rafał Kozłowski
Rafał Kozłowski is a graduate of the Warsaw School of Economics in Quantitative Methods and Information Systems, as well as the University of Warsaw and University of Illinois, where he received an MBA in 2008. Mr Kozłowski has worked with the banking sector since 1995, holding managerial positions in Powszechny Bank Kredytowy, Bank BPH-PBK, Bank Pekao SA and PKO Bank Polski. He also held the position of financial director and management board member in the Amsterdam-based Corporation of European Pharmaceutical Distributors N.V., where he managed an international holding of 160 companies in Poland, Lithuania and the UK. Since 2012 Mr Kozłowski has been with PKO Bank Polski, where his duties have included the establishment of PKO Bank Hipoteczny, of which he was the President of the Management Board since the October 2014.
During his career, he has worked on building banking strategies and budgets, and monitoring their implementation; preparation of financial analysis and stock-exchange statements; and preparing public offerings and acquisitions of foreign entities.
Mr. Kozłowski is a leading specialist in the area of mortgage banking, financial risk, controlling, audit and reporting.

Rafał Kozłowski declared that:
- he doesn’t conduct any business competitive to the business of the Bank;
- he doesn’t participate in any business competitive in respect of the Bank as a partner in a partnership;
- he is not a member of a body of a company competing with the Bank,
- he is not a member of any other body of legal person competing with the Bank;
- he is not registered in the Register of Insolvent Debtors.