Report No. 3/2019

Legal basis:

Article 17.1 MAR Regulation

Contents of the Report:

The Management Board of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna („the Bank”) informs that on 25 February 2019 it received the position of Polish Financial Supervision Authority („PFSA”) regarding the individual recommendation to increase the own funds of the Bank by retaining at least 50% of the net profit for the period from 1 January to 31 December 2018.

PFSA also confirmed that the Bank fulfils the criteria for the payment of dividend up to 50% of the net profit for 2018.

PFSA expects submission of the position of the Bank’s Management Board and the Supervisory Board, regarding the received recommendation.