Resolution of the OGM on distribution of profit

UNOFFICIAL TRANSLATION

21.06.2018 - Report 11/2018: Resolution of the Ordinary General Meeting of Bank Polska Kasa Opieki Spółka Akcyjna on the distribution of profit of Bank Polska Kasa Opieki Spółka Akcyjna for the year 2017

The Bank Polska Kasa Opieki Spółka Akcyjna ("Bank") hereby informs, that on 21st June, 2018 the Ordinary General Meeting of the Bank made the Resolution on the distribution of net profit of Bank Polska Kasa Opieki Spółka Akcyjna for the year 2017 ("Resolution").

According to the Resolution:

1) The net profit of Bank Polska Kasa Opieki Spółka Akcyjna for 2017 in the amount of PLN 2,088,128,692.79 (say: two billion eighty eight million one hundred twenty eight thousand six hundred ninety two 79/100 zlotys) divided in such way that:

a) 99.30% of net profit of the Bank i.e the amount PLN 2,073,513,268.60 (say: two billion seventy three million five hundred and thirteen thousand two hundred sixty eight 60/100 zlotys) allocated to dividend,

b) the amount PLN 14,615,424.19 (say: fourteen million six hundred and fifteen thousand four hundred twenty four 19/100 zlotys) allocated to reserve capital.

2) The dividend value per share amounts to PLN 7.90 (say: seven 90/100 zlotys).

3) The date of determining the right to dividend set on 6th July 2018.

4) The date of payment of the dividend set on 20th July 2018.

Total number of Bank's shares entitled to dividend amounts 262,470,034.

Legal basis:

§ 19 sec. 2 of the Regulation of the Minister of Finance of 29 March 2018 concerning current and periodical information published by issuers of securities and terms of recognizing as equivalent information required by laws of a non-Member State (Journal of Laws 2018 item 757)