Alior Bank S.A. — M&A Activity 2016

Jul 28, 2016

Satisfaction of the condition provided for in the Share Purchase andDemerger Agreement of Bank BPH S.A.

The Management Board of Alior Bank S.A. ("Alior Bank"), in reference toAlior Bank's current report No. 14/2016 dated 1 April 2016 on theexecution of a share purchase and demerger agreement regarding theacquisition of the demerged business of Bank BPH S.A. ("Bank BPH") withGE Investments Poland sp. z o.o., DRB Holdings B.V. and SelectiveAmerican Financial Enterprises, LLC (the "Share Purchase and DemergerAgreement"), hereby gives notice of receiving on 28 July 2016 the lastinterpretation of the tax law (tax ruling) related to the demerger ofBank BPH. As a result, the condition provided for in the Share Purchaseand Demerger Agreement has been satisfied with respect to the need toobtain all tax rulings related to the demerger of Bank BPH as specifiedin the Share Purchase and Demerger Agreement.