Report 5/2017: Correction of the report

UNOFFICIAL TRANSLATION

Report 5/2017: Correction of the report - Information on the receipt of exceeding by Oppenheimer Funds Inc. the 5% of the total number of votes at the General Meeting of the Bank

The Management Board of Bank Polska Kasa Opieki Spółka Akcyjna ("Bank") informs that on 23rd of March, 2017 the Bank received the supplement to notification from Oppenheimer Funds Inc. ("OFI") referred to in Report No. 5/2017 of 20 February, 2017 ("Report"). Accordingly, there is a need to adjust the content of the Report by adding the following information to the Report: "Prior to the acquisition the OFI owned 12,304,639 shares in the Bank, constituting 4.69% of the overall number of shares in the Bank, corresponding to the same number and percentage of votes at the General Meeting of the Bank".

Below, the Bank announces the content of the revised report:

The Management Board of Bank Polska Kasa Opieki Spółka Akcyjna ("Bank") informs that the Bank received notifications from Oppenheimer Funds Inc. ("OFI") and Massachusetts Mutual Life Insurance Company, the parent company of OFI, that OFI has acquired the Bank's shares exceeding 5% of the total number of votes at the General Meeting of the Bank.

Prior to the acquisition the OFI owned 12,304,639 shares in the Bank, constituting 4.69% of the overall number of shares in the Bank, corresponding to the same number and percentage of votes at the General Meeting of the Bank.

At the close of 13 February 2017 OFI held 14,040,662 shares of the Bank, i.e. 5.35% of the total number of shares of the Bank, corresponding to the same number and percentage of votes at the General Meeting of the Bank.

Legal basis: Par. 70 section 1 of the Act of July 29, 2005 on Public Offerings and Conditions Governing the Introduction of Financial Instruments to an Organized System of Trading, and on Public Companies (unified text Dz. U. 2016, item 1639)