Alior Bank S.A.

Capital/Financing Update • Dec 1, 2023

Decision on the issue of bonds by Alior Bank S.A. and determination ofthe final parameters of the bond issue

In reference to the current report no. 32/2023 of 17 November 2023 theManagement Board of Alior Bank S.A. (_quot;Bank_quot;, _quot;Issuer_quot;) informs that on 1December 2023 it adopted a resolution on the issue of series N bonds,whose liabilities will constitute eligible liabilities of the Bankwithin the meaning of Article 97a Section 1 Point 2 of the Act of 10June 2016 on the Bank Fund Guarantee, deposit guarantee scheme andresolution and liabilities belonging to the sixth category, as referredto in Article 440 Section 2 Point 6) of the Act of 28 February 2003Bankruptcy Law (_quot;Bonds_quot;) and specified the final parameters of the issueof the Bonds.

At the same time, the Bank's Management Board informs that due to thegreat interest of investors in purchasing Bonds, expressed during thebook-building process, it decided to increase the initially assumedissue amount from PLN 250 million to PLN 450 million.

The basic terms of the Bond's issue are as follows:

1. The maximum total nominal value of the Bonds is up to PLN 450,000,000(in words: four hundred and fifty million zlotys),

2. The nominal value and issue price of one Bond is PLN 500,000 (inwords: five hundred thousand zlotys),

3. The Bonds will be unsecured,

4. The Bonds will be offered solely to qualified investors within themeaning of Article 2 point e of Regulation (EU) 2017/1129 of theEuropean Parliament and of the Council of 14 June 2017 on the prospectusto be published when securities are offered to the public or admitted totrading on a regulated market and, repealing Directive 2003/71/EC,

5. The Bonds will bear interest at a variable interest rate constitutingthe sum of the WIBOR6M rate and a margin of 2.81% per annum,

6. The date of issue of the Bonds will be 20 December 2023,

7. The redemption date of the Bonds will be 15 June 2027, the Bank willhave the option of early redemption of the Bonds starting from 15 June2026 and after meeting the regulatory requirements applicable to theBonds and the Bank,

8. The Bonds will be issued as bearer bonds, will not have the form of adocument and will be registered in the securities depository maintainedby the Polish National Depository for Securities,

9. The Bank will apply for the introduction of the Bonds to listing onthe alternative trading system operated by the Warsaw Stock Exchange.