Bank's ratings affirmed by Fitch Ratings

Report 14/2013: Bank's ratings affirmed by Fitch Ratings

UNOFFCIAL TRANSLATION

Management Board of Bank Polska Kasa Opieki S.A. ("Bank") informs that on 20 March 2013 rating agency Fitch Ratings ("Fitch") affirmed Bank's ratings at unchanged levels.

In the result of this decision Bank's ratings are as follows:Long-term foreign currency IDR: 'A-'; Outlook: StableShort-term foreign currency IDR: 'F2';Viability Rating: 'a-';Support Rating: '2'.

In justification among others it was stated that:

Bank's Long- and Short-term ratings are based on its intrinsic strength, reflected in its Viability Rating of level 'a-'.

The review and confirmation of Bank's ratings follow the review and downgrade of Italian banks ratings, including UniCredit S.p.A., Bank's Parent Company.

Legal basis: section 5 subsection 1 clause 26 Finance Minister's Ordinance of 19 February 2009 re. current and periodic reports published by the issuers of securities and the rules of equal treatment of the information required by the laws of non-member states