Report No. 20/2026

Legal basis:

Article 17.1 MAR Regulation

the Report:

The Management Board of PKO Bank Polski S.A. (the Bank) announces the result of the tender offer for subordinated bonds series OP0827, ISIN code PLPKO0000099 (the Bonds) (the Offer), about which the Bank informed in Current Report No. 17/2026 published on 27 May 2026. As part of the Offer, constituting an early, voluntary repurchase of securities referred to in par. 137 et seq. of the "Detailed Rules of Operation of the National Securities Depository" (in Polish: "Szczegółowe Zasady Działania Krajowego Depozytu Papierów Wartościowych"), the Bank invited holders of the Bonds to submit the Bonds for repurchase. The purchase price of the Bonds was 100.9% of the principal amount of each Bond (excluding accrued and unpaid interest).

Holders of the Bonds were able to submit the Bonds for repurchase in the period from 3 June 2026 to 12 June 2026, until 5:00 p.m. Central European Time. Following the closing of the period during which the Bonds could be submitted for repurchase and the receipt by the Bank of information from the Krajowy Depozyt Papierów Wartościowych S.A. (National Securities Depository) on the number of Bonds submitted for repurchase, the Bank announces the result of the Offer:

1. number of Bonds submitted for repurchase: 7,314
2. aggregate principal amount of Bonds submitted for repurchase: PLN 731,400,000
3. number of Bonds accepted for repurchase: 7,314
4. aggregate principal amount of Bonds accepted for repurchase: PLN 731,400,000
5. aggregate purchase price for all Bonds accepted for repurchase (excluding accrued and unpaid interest): PLN 737,982,600
6. number of Bonds that will remain outstanding following the completion of the Offer: 9,686
7. aggregate principal amount of Bonds that will remain outstanding following the completion of the Offer: PLN 968,600,000.

The Issuer will pay to the holders of the Bonds the purchase price for the Bonds accepted for repurchase under the Offer together with accrued interest on 19 June 2026.

The Bonds accepted for repurchase under the Offer will be redeemed. The Bonds that were not repurchased by the Bank under the Offer will be serviced by the Bank in accordance with their terms and conditions and will remain listed on the alternative trading system operated by the Warsaw Stock Exchange (in Polish: Giełda Papierów Wartościowych w Warszawie S.A.).