Alior Bank S.A.

Capital/Financing Update • May 17, 2024

Report Content Confirmation of the rating and improvement of the rating outlook ofAlior Bank S.A. by Standard _amp; Poor's Global Ratings

The Management Board of Alior Bank S.A. (the _quot;Bank_quot;) informs that on May17, 2024, the Standard _amp; Poor's Global Ratings rating agency (_quot;S_amp;P_quot;,_quot;Agency_quot;) informed the Bank about the confirmation of the Bank'slong-term and short-term rating at the current level and about theimprovement of the Bank's rating outlook from _quot;Stable_quot; to _quot;Positive_quot;.

The Bank's rating as at the date of publication of this report is asfollows:

• Long-Term Issuer Credit Rating of 'BB+' with a positive outlook,

• Short-Term Issuer Credit Rating of _#8216;B',

• Resolution Counterparty Rating of BBB/A-2.

The Agency indicated that the change in the outlook is related to theimprovement of the structure of the Bank's loan portfolio, tightening oflending standards and active reduction of the share of non-performingloans. In addition, the Agency emphasized the Bank's high ability togenerate capital on its own, which will support the possibility ofdistributing profits to shareholders and facilitate further growth oflending.

The S_amp;P ratings definitions are available on the Agency's website, underthe link www.spglobal.com, where rating scales and methodologies arealso published.