Report No. 11/2018

Legal basis:

Article 17 section 1 of the Market Abuse Regulation

Content of the report:

The Management Board of PKO Bank Polski S.A. (the “Bank”) referring to the report No. 10/2018 informs that on 19 April 2018 the Bank's Supervisory Board approved the Management Board's recommendation for the Annual General Meeting on the following distribution of the profit earned by the Bank in 2017 in the amount of PLN 2,774,000 k:

1. for the dividend for shareholders PLN 687,500 k;
2. for the supplementary capital in the amount of PLN 2,050,000 k;
3. for reserve capital in the amount of PLN 36,500 k.

This means that the Bank's Supervisory Board approved the allocation 24.80% of the profit for 2017 for the dividend which gives PLN 0.55 gross per share.

The opinion of the Supervisory Board on the recommended distribution of the profit for 2017 is consistent with the Bank’s Management Board and Supervisory Board decision on the compliance with the individual recommendation of the Polish Financial Supervision Authority (“PFSA”). PFSA confirmed that the Bank fulfils the criteria for the payment of dividend up to 25% of the net profit for 2017. The Bank informed about the recommendation of the PFSA in the report No. 7/2018.

In addition, the Bank informs that in accordance with the draft resolution of the Annual General Meeting proposed:

• dividend record date would be 8 August 2018,
• dividend payment date would be 22 August 2018.