The composition of the Management Board

UNOFFICIAL TRANSLATION

16.06.2016 - Report 11/2016: The composition of the Management Board from 17th June 2016

In connection with the fact that on 16th June 2016 was held the Ordinary General Meeting of the Bank was held, approving the financial statement of Bank Polska Kasa Opieki Spółka Akcyjna for the financial year of 2015, The Management Board of Bank Polska Kasa Opieki S.A. informs that from 17th June 2016, the Management Board of the Bank consists of the following persons:

1) Mr. Luigi Lovaglio as President of the Management Board of the Bank,

2) Mr. Diego Biondo as Vice President of the Management Board of the Bank, supervising significant risk management in the Bank's activity,

3) Mr. Andrzej Kopyrski as Vice President of the Management Board of the Bank,

4) Mr. Adam Niewiński as Vice President of the Management Board of the Bank,

5) Mr. Grzegorz Piwowar as Vice President of the Management Board of the Bank,

6) Mr. Stefano Santini as Vice President of the Management Board of the Bank,

7) Mr. Marian Ważyński as Vice President of the Management Board of the Bank.

who were appointed by the Bank's Supervisory Board of the Bank on 6th June 2016 for a three-year joint term of office starting on the following day after the Ordinary General Meeting of the Bank approving the financial statement of Bank Polska Kasa Opieki Spółka Akcyjna for the financial year of 2015 of which the Management Board informed in Current Report 8/2016 of 7th June 2016.

Legal basis: § 5 sec.1 p. 22 of the Ordinance of the Minister of Finance of 19th February 2009 on current and periodic information published by issuers of securities and the conditions for regarding information required by the law of a non-member state as equivalent (uniform text, Journal of Laws of 2014, item 133)