Report No. 17/2026

Legal basis:

Article 17.1 MAR Regulation

the Report:

The Management Board of PKO Bank Polski S.A. (the Bank) announces that on 27 May 2026 the Bank made the decision on the intention to conduct a tender offer for subordinated bonds series OP0827, ISIN code PLPKO0000099 (the Bonds) (the Offer). The Offer constitutes an early, voluntary repurchase of securities referred to in par. 137 et seq. of the "Detailed Rules of Operation of the National Depository for Securities" (in Polish: "Szczegółowe Zasady Działania Krajowego Depozytu Papierów Wartościowych"). In connection with the Offer, the Bank will inform the Krajowy Depozyt Papierów Wartościowych S.A. (National Securities Depository) (KDPW), through the application made available by KDPW, of its intention to conduct the Offer. KDPW will forward the information received from the Bank to direct participants on whose record accounts the Bonds are registered. In addition, the Bank will make available to holders of the Bonds interested in participating in the Offer a tender offer memorandum (the Memorandum) describing the course of the Offer and the rules of participation in the Offer.

The Bank intends to conduct the Offer in accordance with the following timetable:

27 May 2026 – informing KDPW of the intention to conduct the Offer.

3 June 2026 – commencement of the period during which holders of the Bonds may submit the Bonds for repurchase and making the Memorandum available to holders of the Bonds interested in participating in the Offer.

12 June 2026 – end of the period during which holders of the Bonds may submit the Bonds for repurchase.

17 June 2026 – publication by the Bank of an announcement of the result of the Offer.

19 June 2026 – settlement date of the Offer, on which the Bank will pay the purchase price together with accrued interest to the holders of the Bonds.

The timetable envisaged by the Bank and described above may change.

The purchase price of the Bonds is 100.9% of the principal amount of each Bond (excluding accrued and unpaid interest). Until 2 June 2026, in accordance with KDPW regulations, the Bank has the possibility to change the purchase price of the Bonds.

The Bank intends to conduct the Offer as part of the management and optimisation of the Bank's debt profile. Announcements related to the Offer, including information about any changes to the timetable of the Offer or changes to the purchase price of the Bonds, will be published by the Bank on its website.

The Bank has obtained the approval of the Polish Financial Supervision Authority (in Polish: Komisja Nadzoru Finansowego) to conduct the repurchase of instruments before their contractual maturity date.