Alior Bank S.A.

Management Reports • Feb 6, 2023

Adoption of the Strategy of Alior Bank S.A. Capital Group for 2023-2024

Management Board of Alior Bank S.A. ("Alior Bank", "Bank") does herebyinform that on 6 February 2023 the Management Board of the Bank adoptedand the Supervisory Board of the Bank approved the Strategy of AliorBank S.A. Capital Group for 2023-2024 entitled "Your Bank of everydaylife, your Bank for the future" ("Strategy").

The Bank assumes a long-term prospect of development, and therefore, ithas adopted an open strategic perspective. In order to maintain highflexibility amid the conditions of high market volatility, the Bank ispresenting a two-year operationalisation.

Strategic goals of Alior Bank:

- Universal Bank focused on building a digital core relationship withthe customer,

- maintaining the leading position in financing purchases by providing anew form of payment, namely Alior Pay,

- growth of a balanced loan portfolio with a diversified businesscustomer base, including but not limited to in the area of SMEs, as wellas support for the energy transformation,

- further development of the digital relationship with businesscustomers through introducing a new product platform, enablingmulti-channel customer service using automated remote processes,

- being the leader in the use of technology with an improved ITproduction model supported by the competence and commitment of employees,

- effective data monetisation in all areas of operations.

The strategic action directions are reflected in three pillars:

I. Higher Culture of Mobility:

1. innovative Alior Pay ecosystem and leader in financing purchases,

2. main digital relationship and multi-channel offer for individualcustomers,

3. inclusive and modern mobile application.

II. Supporting entrepreneurship:

1. convenient electronic banking and remote service,

2. credit process distinguished by speed and understanding of thebusiness customer.

III. Modern Bank:

1. organisational effectiveness through agile technologies, competences,and organisational culture,

2. stability through risk and capital management,

3. responsible Alior Bank (ESG area).

Key success metrics for the Strategy "Your Bank of everyday life, yourBank for the future":

- Tier 1 over 13.5%

- TCR over 15.0%

- ROE over 13.0%

- CoR less than 1.6%

- NPL less than 10.0%

- C/I less than 45.0%

- NPS over 45

- Employee engagement over 65%

- Achieving the ability to pay dividends

Detailed assumptions and goals of the Strategy are included in thepresentation attached to this current report.

At the same time, the Bank does hereby inform that the goals andassumptions of the Strategy do not constitute a forecast or estimate ofresults (including financial results). In contrast, they refer only tothe intended directions of the Bank's operations in 2023-2024, whichrely on the current knowledge and predictions of the Bank's ManagementBoard, as well as they are burdened with a number of known and unknownrisks, uncertainties and factors that may affect the actual results,level of activity or achievements of the Bank.

The Bank will not publish updates, modifications, or revisions ofinformation, data, or statements contained in this report or theattached presentation, nor will it publish information about any changein the Strategy or intentions of the Bank or about the occurrence offacts or events that affect the Strategy or intentions of the Bank,unless such a reporting obligation stems from applicable law.