Opening the winding-up of the subsidiary

UNOFFICIAL TRANSLATION

Report 11/2015: Opening the winding-up of the subsidiary Pekao Leasing Holding S.A.

The Management Board of Bank Polska Kasa Opieki Spółka Akcyjna ("the Bank") hereby informs that on 30 April 2015 the Extraordinary Shareholders Meeting of Pekao Leasing Holding S.A. with its registered office in Warszawa, Grzybowska Street no. 53/57 (00-950 Warszawa), registered in Register of Entrepreneurs hold by District Court for the Capital City of Warsaw in Warsaw, XII Division of National Court Register KRS No. 0000138033, REGON 1388213, NIP 525-22-53-559("the Company"), which the Bank is the only shareholder, took resolution on winding-up of the Company and starting liquidation procedure of the Company within the date the Resolution was taken. The Extraordinary Shareholders Meeting of Pekao Leasing Holding S.A. with its registered office in Warszawa appointed of liquidator of the Company - Mr. Artur Andrzej Czyż.

Decision on the liquidation of holding company aims at simplification of organization structure in the group as well as governance of leasing and as a consequence reduction of operating costs.

Legal basis: § 5 section 1 point 24 of the 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.