Divestment of a 100% stake in PJSC UniCredit Bank

UNOFFICIAL TRANSLATION

Report 28/2013: Information on divestment of a 100% stake in PJSC UniCredit Bank, subsidiary of the Bank 

The Management Board of Bank Polska Kasa Opieki S.A. (hereinafter referred to as the "Bank") hereby informs that on the day of July 16, 2013 the Bank sold 653 507 670 (six hundred fifty three million five hundred seven thousand six hundred seventy) common shares of PJSC UniCredit Bank based in Kiev, Ukraine at the nominal value of UAH 1 (one Ukrainian hryvnia) per share (hereinafter referred to as the "Share"), with total nominal value of UAH 653 507 670 (six hundred fifty three million five hundred seven thousand six hundred seventy Ukrainian hryvnia) comprising 100% of shareholding capital of PJSC UniCredit Bank and carrying 100% of votes in the Shareholders' Meeting of PJSC UniCredit Bank to UniCredit S.p.A., based in Rome, at the price for the Shares in the gross amount of USD 166.35 million (one hundred sixty six million three hundred fifty thousand American dollars) plus the amount, after certification by external auditor, of cumulative consolidated net profit of the period from October 1, 2010 to July 16, 2013.

Transaction will further reinforce capital ratios of the Bank.

Existing funding granted by the Bank to PJSC UniCredit Bank will be gradually reimbursed during period not exceeding 4 years.

The purchaser of the Shares is the dominating entity to the Bank.

The sale of Shares by the Bank is a result of Bank's focus on the business in the domestic market.

Legal grounds: Art. 56 section 1 point 1 of the Public Offering Act - Confidential Information