Bank Pekao S.A.

Board/Management Information • Feb 22, 2024

Supervisory Board's assessment of the financial statements for 2023 Supervisory Board’s Assessment of “Consolidated financial statements of Bank Pekao S.A. Group for the year ended on 31 December 2023, “Separate financial statements of Bank Pekao S.A. for the year ended on 31 December 2023” and “Report on the activities of Bank Pekao S.A. Group for the year 2023 (prepared together with the Report on the activities of Bank Pekao S.A.)” The Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna (“Supervisory Board”), acting in accordance with Article 382 § 3 p. 1) of the Commercial Companies Code and performing its statutory duties, positively assessed : 1) “Consolidated Financial Statements of Bank Pekao S.A. Group for the year ended on 31 December 2023” (“consolidated financial statements”), 2) “Separate Financial Statements of Bank Pekao S.A. for the year ended on 31 December 2023” (“separate financial statements”), 3) “Report on the activities of Bank Pekao S.A. Group for the year 2023 (prepared together with the Report on the activities of Bank Pekao S.A.)” (“report on the activities of the Group”), in terms of their consistency with the books, documents and the factual state. The Supervisory Board's assessment was preceded by: 1) analysis of the content of the consolidated and separate financial statements and the report on the activities of the Group, 2) the Supervisory Board becoming acquainted with the reports on the audit of the consolidated and the separate financial statements prepared by the auditing firm KPMG Audyt Spółka z ograniczoną odpowiedzialnością spółka komandytowa in relation to the above documents, 3) analysis of the additional report of the auditing firm KPMG Audyt Spółka z ograniczoną odpowiedzialnością spółka komandytowa for the Audit Committee of the Supervisory Board and meetings with the auditing firm KPMG Audyt Spółka z ograniczoną odpowiedzialnością spółka komandytowa, as well as the positive recommendation presented on 21 February 2024 by the Audit Committee of the Supervisory Board. The reports on the audit express an opinion stating that the documents examined: 1) present a fair and clear picture of the financial standing of the Bank Polska Kasa Opieki Spółka Akcyjna (“Bank”) and the Group as at 31 December 2023, as well as the financial results of operations and cash flows for the financial year ended on that day in accordance with the International Financial Reporting Standards approved by the European Union and adopted accounting principles (policy), 2) comply, in all material respects, as to form and content with the applicable laws and the Bank's statute, 3) have been prepared, in all material respects, on the basis of correctly maintained accounting books in accordance with the provisions of Chapter 2 of the Accounting Act of 29 September 1994. On this basis, the Supervisory Board recognizes that the consolidated financial statements, the separate financial statements and the report on the activities of the Group have been properly prepared in terms of substance and form, are consistent with the books and documents as well as with the facts and accurately reflect the state of financial results and the operations of the Bank and the Group in the financial year 2023. Date of the assessment: 21 February 2024