Alior Bank S.A.

Capital/Financing Update • Oct 26, 2023

Disclosure of delayed confidential information about the plannedconclusion of Annex No. 2 to the Order Agreement for the periodicgranting of a guarantee of unfunded credit protection

The Management Board of Alior Bank S.A. (_quot;Bank_quot;) acting pursuant toArticle 17 (1) and (4) of Regulation (EU) No 596/2014 of the EuropeanParliament and of the Council on market abuse and repealing Directive2003/6 /EC of the European Parliament and of the Council and CommissionDirectives 2003/124/EC, 2003/125/EC and 2004/72/EC (_quot;MAR_quot;), disclose tothe public the following confidential information regarding the adoptionby the Bank's Management Board of the resolution on the acceptance ofthe terms of Annex No.2 to the Order Agreement for the periodic grantingof a guarantee of unfunded credit protection and about the adoption bythe Bank's Management Board of a resolution on the acceptance of theconditions of the above mentioned Annex No. 2 to the Agreement(_quot;Confidential Information_quot;).

The disclosure of Confidential Information was delayed on October 17,2023, pursuant to Article 17 (4) of MAR

Content of confidential information delayed on October 17, 2023:

On October 17, 2023, the Bank was notified of the PZU S.A. ManagementBoard's resolution on the acceptance of the conditions of Annex No. 2 tothe Order Agreement for the periodic granting of a guarantee of unfundedcredit protection and adopted a resolution on the acceptance of theconditions of the above mentioned Annex No. 2 to the Agreement(_quot;Confidential Information_quot;).

In the Bank's opinion, the immediate disclosure of the above mentionedconfidential information could infringe the Bank's legitimate interestsbecause of the possibility of threat of proper assessment of theinformation by the public, due to the fact that the final decision onthe conclusion of Annex No. 2 to the Agreement had not yet been taken,and its final terms may have still been the subject of negotiationsbetween PZU S.A. and the Bank. Moreover, the final decision also dependson the adoption of appropriate resolutions by the corporate bodies.Immediate disclosure of the information to the public could jeopardizethe proper assessment of the information by the public by giving theerroneous impression that the parties made the final decision toconclude Annex No. 2 to the Agreement, and thus affect the valuation offinancial instruments.

The Bank is able to ensure the confidentiality of the above mentionedconfidential information. At the same time, there are no grounds tobelieve that the delay in disclosing the information on the conclusionof Annex No. 2 to the Agreement may mislead the public. Information onthe conclusion of Annex No. 2 to the Agreement will be made public in aseparate current report.