Report No. 41/2016

Legal basis:

Paragraph 5.1.22 of the Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information published by issuers of securities and on the conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state

The report:

With reference to the current report No. 40/2016 of 14 July 2016 and in connection with the receipt of a new declaration, from Mr. Jan Emeryk Rościszewski, appointed as Vice-President of the Bank’s Management Board on 14 July 2016, the Management Board of PKO Bank Polski S.A. (“Bank”) hereby announces its new content:

“Mr. Jan Emeryk Rościszewski declared that:

1)     he doesn’t conduct any business competitive to the business of the Bank, subject to the third point of this declaration;

2)     he doesn’t participate in any business competitive in respect of the Bank as a partner in a partnership;

3)     he is not a member of a governing or supervisory body of a company competing with the Bank; he is a member of supervisory bodies of companies competing with the activities of the Bank’s Capital Group - Pocztylion Arka PTE SA (he will resign from the position in the Supervisory Board of this company not later than 31 August 2016) and BBI Development SA (he will resign from the position in the Supervisory Board of this company at the next shareholder meeting);

4)     he is not a member of any other governing body of legal person competing with the Bank;

5)     he is not registered in the Register of Insolvent Debtors.”.