Alior Bank S.A.

Capital/Financing Update • May 8, 2023

Initiation of the book building process in connection with the intentionto issue bonds by Alior Bank S.A.

The Management Board of Alior Bank S.A. (_quot;Bank_quot;, _quot;Issuer_quot;) informs thaton May 8, 2023 it adopted a resolution to consent to initiate the bookbuilding process in connection with the Bank's intention to issue bonds,whose liabilities will constitute eligible liabilities of the Bankwithin the meaning of Article 97a Section 1 Point 2 of the Act of June10, 2016 on the Bank Fund Guarantee, deposit guarantee scheme andresolution (_quot;Bonds_quot;).

The book building process will be carried out with the participation ofboth investors and institutions in accordance with the provisions of thebase prospectus prepared by the Issuer and approved by the decision ofthe Polish Financial Supervision Authority of August 24, 2022, updatedby later supplements. In particular, the Bank shall invite toparticipate in this process qualified investors within the meaning ofArticle 2(e) of the Regulation (EU) 2017/1129 of the European Parliamentand of the Council of June 14, 2017 on the prospectus to be publishedwhen securities are offered to the public or admitted to trading on aregulated market and repealing Directive 2003/71/EC.

The basic parameters of the issue under consideration are as follows:

1. The maximum total nominal value of the Bonds is up to PLN400,000,000.00, however, the Bank's Management Board may decide tochange the maximum total nominal value of the Bonds after analyzing thedemand for the Bonds reported during the preparation of the book.

2. The nominal value of one Bond will amount to PLN 400,000.00.

3. The bonds will not be secured.

4. The bonds will bear interest at a variable interest rate constitutingthe sum of the WIBOR 6M rate and the margin. The margin will bedetermined during the book building process.

5. The Bank will apply for admission and the introduction of the Bondsto listing on the Catalyst regulated market operated by the Warsaw StockExchange.

6. The considered date of the Bonds issue is June 2023, with thequalification that the Bank will decide on the issue of the Bonds andtheir parameters after analyzing market conditions. After analyzingmarket conditions, the Bank may also decide to withdraw from the issueof the Bonds.

7. Detailed terms and conditions of the issue and the exact value of theBonds issue will be determined by the Bank's Management Board at a laterdate, taking into account the results of the book building process.