Non application of Rule no I.12, IV.10 subpoint2

UNOFFICIAL TRANSLATION

Report 1/2015 - Information regarding non-application by Bank Pekao S.A. of the Rule no. I.12 and the Rule no. IV.10 subpoint 2 of the 'Code of Best Practice for WSE Listed Companies'

The Management Board of Bank Pekao S.A., acting in accordance with § 29 sec. 3 of the WSE Rules hereby informs that the Rule no. I.12 and the Rule no. IV.10 subpoint 2 of the 'Code of Best Practice for WSE Listed Companies' according to which the Bank should enable its shareholders to participate in a General Meeting using the electronic communication means, shall not be applied at the Ordinary General Meeting of Bank Pekao S.A. for the year 2014.

The Management Board of Bank Pekao S.A. has resolved not to allow participation in this General Meeting with the use of electronic communication means, taking into account the lack of possibility for the Bank to ensure the technical conditions necessary to identify the shareholders correctly and to ensure the appropriate level of security of electronic communication during the Ordinary General Meeting of the Bank, in particular during the process of voting at the General Meeting.

Should the technical conditions necessary for participation in the General Meeting with the use of the electronic communication means be met, the Management Board of Bank Pekao S.A., when convening the General Meeting in the future, will make a decision to allow participation in the General Meeting with the use of electronic communication means.

At the same time, the Management Board of Bank Pekao S.A. informs that the debates of the General Meeting shall be broadcast on the Internet.

Legal base: § 29 sec. 3 of the Warsaw Stock Exchange Rules