Report No. 13/2018

Legal basis:

Article 17(1) of the MAR 

Contents of the report:

The Management Board of PKO Bank Polski Spółka Akcyjna (the „Bank”) hereby informs that on April 19^th 2018 the Bank unilaterally terminated the guarantee agreement providing an unfunded credit protection to a portfolio of selected corporate exposures of the Bank, and announced by the Bank in its current report No. 51/2017 (the “Guarantee”).

The Guarantee was unilaterally terminated by the Bank without giving a cause, pursuant to the provisions of the Guarantee Agreement and in accordance with its terms.

Pursuant to the Guarantee Agreement, as a consequence of its unilateral termination by the Bank, the Guarantee will expire on April 24^th 2018.

In addition, the Management Board informs that the expected impact of the termination of the guarantee agreement on the TCR at the Group level will amount to approx. -0.38 p.p.