Appointment of the Management Board members

UNOFFICIAL TRANSLATION

The Management Board of Bank Polska Kasa Opieki S.A. informs that on 6th June 2016, taking into account the fulfillment of suitability assessment, the Supervisory Board of the Bank appointed members of the Management Board of the Bank for the three-year joint term of office, starting on the following day after the Ordinary General Meeting of the Bank, approving the financial statement of Bank Polska Kasa Opieki Spółka Akcyjna for the financial year of 2015,is held.

The following persons were appointed to the composition of the Management Board of the Bank:

1) Mr. Luigi Lovaglio as President of the Management Board of the Bank,

2) Mr. Diego Biondo as Vice President of the Management Board of the Bank, supervising significant risk management in the Bank's activity,

3) Mr. Andrzej Kopyrski as Vice President of the Management Board of the Bank,

4) Mr. Adam Niewiński as Vice President of the Management Board of the Bank,

5) Mr. Grzegorz Piwowar as Vice President of the Management Board of the Bank,

6) Mr. Stefano Santini as Vice President of the Management Board of the Bank,

7) Mr. Marian Ważyński as Vice President of the Management Board of the Bank.

The Management Board is sending enclosed to this report the information on fulfillment of individual suitability assessment separately for: Mr Luigi Lovaglio, Mr Diego Biondo, Mr Andrzej Kopyrski, Mr Adam Niewiński, Mr Grzegorz Piwowar, Mr Stefano Santini, Mr Marian Ważyński, which also contains the information indicated in § 28 p. 4-6 of the Ordinance of the Ministry of Finance of 19 February 2009 on current and periodic information published by issuers of securities and the conditions for regarding information required by the law of a non-member state as equivalent.

At the same time, the Management Board of the Bank informs that the Ordinary General Meeting of the Bank was convened for 16th June 2016.

Legal basis: § 5 sec.1 p. 22 of the Ordinance of the Minister of Finance of 19th February 2009 on current and periodic information published by issuers of securities and the conditions for regarding information required by the law of a non-member state as equivalent. (Journal of Laws from 2014, item 133)

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