Consent of Polish Financial Supervision Authority

UNOFFICIAL TRANSLATION

15.02.2021 - Report 6/2021: Consent of the Polish Financial Supervision Authority to entrust Mr. Marcin Gadomski with the position of the Member of the Management Board of the Bank supervising the management of material risk in the Bank's operations

Bank Polska Kasa Opieki Spółka Akcyjna (the "Bank") hereby informs that, on 15 February 2021, the Polish Financial Supervision Authority unanimously expressed consent to entrust Mr. Marcin Gadomski with the position of the Member of the Management Board of the Bank supervising the management of material risk in the Bank's operations.

On 16 June 2020, the Supervisory Board of the Bank appointed Mr. Marcin Gadomski as the Vice President of the Management Board of the Bank supervising the management of material risk in the Bank's operations, subject to the consent of the Polish Financial Supervision Authority and upon obtaining such consent. Until that consent was obtained, Mr. Marcin Gadomski was the Vice President of the Management Board of the Bank. Obtaining the said consent results in fulfillment of the condition of becoming the Vice President of the Management Board of the Bank supervising the management of material risk in the Bank's operations..

The curriculum vitae of Mr. Marcin Gadomski containing information specified in § 10 point 4 of the Ordinance of the Minister of Finance of 29 March 2018 regarding current and periodic information provided by issuers of securities and conditions for recognizing as equivalent information required by the laws of the state not being a member state, is an attachment to this current report.

Information about not performing competitive activities and not entering Mr. Marcin Gadomski into the Register of Insolvent Debtors has been presented in the in Current Report No 40/2020 dated 16 June 2020.

Legal basis: § 5 point 5 of the Finance Minister's Ordinance of 29 March 2018 regarding current and periodic information provided by the issuers of securities and conditions of recognizing as equivalent information required by the laws of the state not being a member state.

--------------------------------------

Mr. Marcin Gadomski graduated from the Warsaw School of Economics, majoring in Finance and Banking. He was also a scholarship holder studying at the University of Kiel (Germany) and completed doctoral studies at the Warsaw School of Economics. He passed a number of professional certification exams, including: Financial Risk Manager (FRM), Association of Chartered Certified Accountants (ACCA), Project Management Professional (PMP), Certified Banking and Credit Analyst (CBCA). He participated in the Leadership Development Program run by The John Maxwell Team as well as the Deloitte Leadership Program.

Mr. Marcin Gadomski began his professional career at the consulting company Ernst & Young (now EY) in 2002, where he conducted projects in the area of risk, finance and internal audit in financial institutions and non-financial enterprises. Then he continued his career with Deloitte Advisory, first in 2008-2012 as a Senior Manager, and in 2016-2018 as a Director.

As part of Deloitte Advisory, Mr. Marcin Gadomski provided solutions for the largest financial institutions in Poland and abroad, among others in the field of credit policy, risk models, improving the credit process for retail and corporate clients, market and liquidity risk management, financial instruments accounting, regulatory requirements, M&A due diligences.

In the years 2012 - 2016 Mr. Marcin Gadomski was the Director of Retail Credit Risk Unit at Bank Millennium. He was responsible for credit risk policy and credit assessment models for such business lines as unsecured consumer loans, mortgage loans and credits for small business.

From August 2018 to November 2019 Mr. Marcin Gadomski was a Member of the Management Board of Pekao Bank Hipoteczny S.A. Between 29 November 2019 and 21 April 2020 Mr. Marcin Gadomski held position of the Vice President of the Management Board of Bank Polska Kasa Opieki Spółka Akcyjna responsible for Risks Management Division. Later he was Credit Risk Director and from 1 of July 2020 he has held position of the Vice President of the Management Board of Bank Polska Kasa Opieki Spółka Akcyjna responsible for Risks Management Division.

Mr. Marcin Gadomski additionally is a member on Supervisory Boards as the Vice Chairman of Pekao Leasing Sp. z o.o., Pekao Investment Banking S.A. and Pekao Bank Hipoteczny S.A. and additionally he is a Member of the Supervisory Board of Biuro Informacji Kredytowej S.A.