From 1 September 2025, we are changing the Lending Regulations for corporate market clients of PKO Bank Polski S.A.

Organisational change:

change of title from Lending Regulations for corporate market clients of PKO Bank Polski S.A. to the Lending Regulations for corporate banking clients of PKO Bank Polski S.A.

We have added:

1. definitions of terms:
   - Guarantee Expiration Date
   - Guarantee Validity Period
2. provisions regarding guarantees and/or letters of credit which:
   a/ indicate the possibility of limiting the Guarantee Validity Period to the period specified in the loan agreement – we have also clarified that, in such a case the Guarantee Validity Period may be extended in accordance with the terms and conditions of the loan agreement and the Lending Regulations, but each time for a period not longer than that specified in the loan agreement
   b/ they agree that PKO BP S.A. will refuse to repay the debt arising from the payment from letter of credit or guarantee charged to the loan specified in the loan agreement arising:
   - after the expiry of the loan period specified in LKW or
    - after the date of delivery of the statement of termination of the agreement loan by PKO BP S.A. or by the borrower
   c/ grant PKO BP S.A. the right to refuse to repay the debt arising from the payment from a letter of credit or a guarantee charged to the loan specified in the loan agreement:
   - after the commencement of restructuring or bankruptcy proceedings, or
    - for any reason specified in the loan agreement and the Lending Regulations, including the occurrence of a breach;
3. the provisions concerning a simple non-revolving working capital loan, which may be used without the need to attach payment documents in the form of a transfer to the current account – if permitted by the loan agreement,
4. provisions, that if the borrower utilise the LKW in a currency other than PLN, the amount of the available LKW will be converted into PLN at the end of each business day at the average exchange rate of the National Bank of Poland announced on that day
5. a provision stating that we may impose a penalty in the form of an increase in the commission for opening a letter of credit - if the borrower fails to perform its obligations under the loan agreement and the Lending Regulations
6. the possibility of terminating the loan agreement also in electronic form (with a qualified electronic signature)
7. the possibility of submitting instructions regarding the loan and loan disbursement also via iPKO biznes electronic banking

We have updated:

1. provisions relating to a significant change in the reference rate and the discontinuation of the publication of the reference rate
2. provisions concerning iPKO Biznes electronic banking via iPKO Biznes will be able to send documents that enable us to monitor performance the borrower's of obligations arising from his loan agreement
3. certain contractual obligations of the borrower, e.g. those relating to the obligation to provide financial statements and the obligation to notify of tax and customs audits,
4. provisions relating to orders to issue or grant guarantees or letters of credit – we have clarified that these may also be submitted via TradeService
5. provisions regarding complaints

The remaining changes are editorial in nature. The full text of the Lending Regulations is available at www.pkobp.pl and at the Corporate Client Service Centre.

What next?

• If you agree with these changes, you do not need to do anything
• If you do not agree with the changes to the Lending Regulations, you may terminate the credit agreement within 14 days of the date on which we delivered this information to you. You are subject to a thirty-day notice period. No later than on the last day of the notice you must period,repay all liabilities arising from the agreement. The date of delivery of the changes to the Lending Regulations shall be deemed to be the 8th day from the date on which we posted this notification in iPKO Biznes electronic banking.

Do you have any questions?

Please contact your RM or account manager at the Corporate Client Service Centre.