Report No. 8/2018

Legal basis:

Article 17 section 1 of Market Abuse Regulation

Content of the report:

Referring to the report No. 7/2018 dated 16 March 2018 the Management Board of PKO Bank Polski S.A. (the “Bank”) hereby informs that it adopted resolution pursuant to which – within the scope of its corporate powers – will follow the Polish Financial Supervision Authority ("PFSA") recommendation formulated in the letter from the Chairman of the PFSA (the “Recommendation”).

In the Recommendation the PFSA confirmed that the Bank fulfils the criteria for the payment of dividend up to 25% of the net profit for 2017 and recommended increasing own funds of the Bank by retaining at least 75% of the net profit for the period from 1 January to 31 December 2017.

The Bank also informs that according to the article 395 §2.2 of the commercial companies code the decision on the distribution of profits is within the powers of the Annual General Meeting.