Report No. 36/2017

Legal basis:

Article 17.1 of MAR – confidential information

Content of the report:

With reference to Report No. 14/2017, the Management Board of PKO Bank Polski S.A. (the “Bank”) announces that, following the consent received on 30 August 2017 from the Polish Financial Supervision Authority (“PSFA”) for the Bank for early redemption of subordinated bonds (call option), on 14 September 2017 the Bank will execute the call option of all subordinated bonds series OP0922, a total nominal value of PLN 1,600,700,000, issued by the Bank on 14 September 2012.

The terms and conditions of the subordinated bonds series OP0922 constitute the legal basis for the Bank to execute the right for early redemption of all subordinated bonds series OP0922 five years after their issue date.

At the same time the Bank announces that the PFSA on 30 August 2017 gave its consent to use the proceeds obtained from the issue of subordinated bonds, which was carried out on 28 August 2017 with a total nominal value of PLN 1,700,000,000, in order to increase the supplementary funds of the Bank in accordance with Article 127 par. 2 pt. 2 of the Banking Law of 29 August 1997 with reference to art 63 of the Regulation (EU) No. 575/2013 of The European Parliament and of the Council of 26 June 2013.