Report No. 53/2016

Legal basis – Article 17(1) of MAR

The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (“PKO Bank Polski” or the “Bank”), further to the Bank’s current report No. 46/2016 dated 21 September 2016 on entering into negotiations on an exclusive basis relating to the acquisition by PKO Bank Polski (directly or indirectly) of 100% of the outstanding share capital in Raiffeisen-Leasing Polska S.A. (“RLPL”) from Raiffeisen Bank International AG (“RBI”), hereby announces that on 2 November 2016, PKO Bank Polski (as the guarantor), RBI (as the seller) and PKO Leasing S.A. (“PKO Leasing”) (as the purchaser) have entered into a share purchase agreement related to a sale by RBI of 100% of the shares in RLPL to PKO Leasing (the “Transaction”).

The purchase price agreed in the Transaction for 100% of the shares in RLPL amounts to PLN 850 million.

As part of the Transaction, PKO Bank Polski agreed to guarantee the payment obligations of PKO Leasing and agreed to replace the funding provided to RLPL by RBI and/or other members of RBI’s group.

The closing of the Transaction (comprising a transfer of 100% of the shares in RLPL to PKO Leasing) is subject, inter alia, to the required antimonopoly clearances being obtained.