Bank Pekao S.A.

Capital/Financing Update • Nov 16, 2023

UNOFFICIAL TRANSLATION16.11.2023 - Report 27/2023: Completionof subscription of green Senior Non-Preferred series ESN1 Eurobonds witha total nominal value of 500,000,000 EUR to be issued under EMTNProgrammeBank Polska Kasa Opieki S.A. (_quot;Bank_quot;)announces that on 16 November 2023 it closed the subscription of greenSenior Non-Preferred Eurobonds with a total nominal value of 500,000,000EUR due November 2027 (_quot;Eurobonds_quot;). The Eurobonds will beissued by the Bank under its medium-term eurobond issuance programme (_quot;EMTNProgramme_quot;), about the establishment of which the Bank informed inthe current report No. 24/2023, and, pursuant to the base prospectusapproved by the Commission de Surveillance du Secteur Financier inLuxembourg on 13 November 2023. The Eurobonds are expected to beadmitted to trading on the Regulated Market of the Luxembourg StockExchange and the Warsaw Stock Exchange and listed on the Official Listof the Luxembourg Stock Exchange.The Bank also publishes thefollowing information regarding the Eurobonds:1. subscription startdate: 16 November 20232. subscription end date: 16 November 20233.date of allotment of Eurobonds: 16 November 20234.number of Eurobonds covered by the subscription: 500,000 (with a totalnominal value of 500,000,000 EUR)5. the reduction rate of theEurobonds allocated in one tranche was 66,77%6. number of Eurobondssubscribed: 1.504.642 (with a total nominal value of 1,504,642,000 EUR)7.number of Eurobonds allocated under the subscription: 500,000 (with atotal nominal value of 500,000,000 EUR)8. price of acquisition ofEurobonds: 99.680% of the nominal value9. margin determining theinterest rate for the Eurobonds: 240 basis points10. the Eurobondswill be issued for a period of 4 years with an option for earlyredemption by the Bank three years after issue (4NC3)11. number ofpersons who subscribed for the Eurobonds: 13112. number of personsto whom the Eurobonds were allotted under the subscription: 11013.name(s) of the underwriters who subscribed for the Eurobonds in theperformance of the underwriting agreements, with an indication of thenumber of securities which they subscribed for, together with the actualunit price per security, being the issue price, after deduction of theconsideration for subscribing the security, acquired by the underwriter,in the performance of the underwriting agreement: not applicable14.the value of the subscription, understood as the product of the numberof Eurobonds issued and the issue price: 498,400,000 EUR15. the Bankwill make the information regarding the amount of the total costs thathave been included in the costs of the issuance publicly available in aseparate current report once all payments related to the issue have beenreceived and accepted16. the Bank will make the informationregarding the average cost of carrying out the subscription per unit ofEurobonds subscribed publicly available in a separate current reportonce all issue payments have been received and accepted17. theEurobonds will be paid for by transfer to the Bank's account.Theanticipated issue date of the Eurobonds is 23 November 2023.Legalbasis: §16.1 of the Ordinance of the Minister of Finance of 29 March2018 on current and periodic information provided by issuers ofsecurities and conditions for recognising as equivalent informationrequired by the laws of a non-member state.