Bank Pekao S.A.

Capital/Financing Update • Dec 14, 2023

UNOFFICIAL TRANSLATION14.12.2023 - Report 29/2023:Recommendation from the Polish Financial Supervision Authority on thelevel of an additional capital requirement (P2G) imposed on Bank PolskaKasa Opieki Spółka AkcyjnaBank Polska KasaOpieki Spółka Akcyjna (the "Bank") informs thaton 14th December 2023 Bank received a recommendation from the PolishFinancial Supervision Authority ("PFSA") in which the PFSArecommended the Bank to limit the risk occurring in the Bank'soperations by maintaining own funds to cover the additional capitaladd-on in order to absorb potential losses resulting from the occurrenceof stress conditions (P2G) at the level of 0.50 p.p. on standalone basisand 0.49 p.p. on consolidated basis above the value of each own fundsrequirements described in the article 92(1) letter a-c of the regulation(EU) No. 575/2013 of the European Parliament and of the Council onprudential requirements for credit institutions increased by theadditional own funds requirement referred to in Article 138(2)(2) of theBanking Law and by the combined buffer requirement referred to inArticle 55(4) of the Act on macro prudential oversight. The additionalcapital requirement should be made up of Tier 1 funds only.Legalbasis: Art. 17 (1) MAR - confidential information