Bank Pekao S.A. — Capital/Financing Update 2016

Aug 12, 2016

UNOFFICIAL TRANSLATION12.08.2016 - Current Report 20/2016:Receipt of the information on the issuance by the Polish FinancialStability Committee of an opinion regarding the identification of OtherSystemically Important Institutions ("O-SIIs") and theimposition of the O-SIIs capital buffer on themLegal basis:Article17 sec. 1 of Regulation (EU) No 596/2014 of the European Parliament andof the Council of 16 April 2014 on market abuse (market abuseregulation) and repealing Directive 2003/6/EC of the European Parliamentand of the Council and Commission Directives 2003/124/EC, 2003/125/ECand 2004/72/ECThe Management Board of Bank Polska Kasa OpiekiS.A. ("Bank") hereby informs that it has received information that thePolish Financial Stability Committee, acting pursuant to Art. 39 of theAct on the macro prudential supervision of the financial system andcrisis management in the financial sector ("Act on the macro prudentialsupervision") issued at the request of Polish Financial SupervisionAuthority ("KNF"), the opinion regarding the identification of OtherSystemically Important Institutions (O-SIIs) and imposition of theO-SIIs capital buffer requirement on them.The Bank is a party tothe administrative procedure conducted by the KNF regarding theidentification of the Bank as an other systemically importantinstitution and the imposition on the Bank (on a consolidated basis andindividual basis) of a requirement to hold an O-SIIs capital buffer,established pursuant to Art. 38 of the Act on the macro prudentialsupervision - equivalent to 0.75% of the total amount of the riskexposure calculated in accordance with Art. 92 (3) of Regulation (EU)No. 575/2013 575/2013 of the European Parliament and of the Council of26 June 2013 on prudential requirements for credit institutions andinvestment companies amending Regulation (EU) No 648/2012.Theidentification of Other Systemically Important Institutions (O-SIIs) andthe imposition of the O-SIIs capital buffer on them will take place inaccordance with Art. 39 of the Act on the macro prudential supervision,by way of an administrative decision of the KNF. Until of publication ofthis report the Bank has not received a decision of the KNF .TheBank will inform in separate report about the decision of KNF issued inthe proceedings on identifying the Bank as an other systemicallyimportant institution and the imposition on Bank of the level of theO-SIIs capital buffer.