Bank Pekao S.A.

Capital/Financing Update • Nov 24, 2023

UNOFFICIAL TRANSLATION24.11.2023 - Report 28/2023: Admissionto trading on the Luxembourg Stock Exchange of Senior Non-PreferredEurobond with a total nominal value of EUR 500,000,000Withreference to current report no. 27/2023 of 16 November 2023, Bank PolskaKasa Opieki S.A. (_quot;Bank_quot;) announces that on 23 November 2023, four-yearSenior Non-Preferred eurobonds issued under the Euro Medium Term NoteProgramme (_quot;EMTN Programme_quot;) were admitted to trading on the regulatedmarket of the Luxembourg Stock Exchange.The Bank provides thefollowing information as required by § 17(1) of the Regulation of theMinister of Finance of 29 March 2018 on current and periodic informationprovided by issuers of securities and the conditions for recognising asequivalent the information required by the laws of a non-member state:a)the date of admission of eurobonds to trading and the date of firstlisting: 23 November 2023,b) the number of eurobonds admitted totrading: 5,000 bonds,c) the series of eurobonds admitted to trading:1.In addition, the Bank provides the following information on theeurobonds:a) total nominal value: EUR 500,000,000, being equivalentto PLN 2,182,900,000 at the mid exchange rate of the National Bank ofPoland as at 23 November 2023,b) coupon: (i) for a period of threeyears from the date of issue, fixed at 5.500% per annum, payableannually, (ii) for the fourth year, variable, based on EURIBOR 3M plus amargin of 2.4%, payable every three months,c) issue date: 23November 2023,d) eurobonds redemption date: 23 November 2027,e)optional early redemption date at the issuer's request: 23 November 2026,f)eurobond nominal value: EUR 100,000 being equivalent to PLN 436,580 atthe mid exchange rate of the National Bank of Poland as at 23 November2023,g) ISIN code: XS2724428193.The rating agency S_amp;P GlobalRatings Europe Limited has assigned a rating of BBB to the issued seriesof bonds.Eurobonds are governed by English law, subject to thestatus of the eurobonds, waiver of set-off and the clause relating toacknowledgement of a decision of the compulsory restructuring authorityas to a bail-in or conversion of the instrument, which are governed byPolish law.Legal basis: § 17 of the Regulation of the Ministerof Finance of 29 March 2018 on current and periodic information providedby issuers of securities and the conditions for recognising asequivalent the information required by the laws of a non-member state.