Report No. 8/2017

Legal basis:

Article 17 section 1 of Market Abuse Regulation

Content of the report:

Referring to the reports: No. 4/2017 dated 10 March 2017 and No. 7/2017 dated 15 March 2017, the Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (“PKO Bank Polski” or the “Bank”) hereby informs that as a consequence of receiving from the Polish Financial Supervision Authority (“PFSA”) the individual recommendation to increase the own funds of PKO Bank Polski by retaining the whole net profit for the period from 1 January 2016 to 31 December 2016 - the Bank’s Supervisory Board adopted the resolution on going by the recommendation of the PFSA in the scope concerning the Supervisory Board’s competences.

The Bank also informs that according to article 395 §2.2 of the commercial companies code the decision of the net profit distribution is determined by the Annual General Meeting.