Report No. 7/2018

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 16 March 2018 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 75% of the net profit for the period from 1 January to 31 December 2017.

PFSA also confirmed that the Bank fulfils the criteria for the payment of dividend up to 25% of the net profit for 2017.

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

The Bank will inform about those positions within separate reports.