Bank Pekao S.A. — Major Shareholding Notification 2019

Sep 8, 2019

BlackRock, Inc. notification on exceeding the threshold of 5% of thevoting rights in the BankBank Polska Kasa Opieki SpółkaAkcyjna (the "Bank") hereby informs that on September 5,2019 it received a notification from BlackRock, Inc. regarding theexceeding of the threshold of 5% of total number of votes in the Bank,taking into account also securities lending and contracts for difference(CFD) (the "Notification").The followinginformation has been included in the Notification:1. The dateand type of the event that leads to a change in the shareholding towhich the notification relates:September 4, 2019 -acquisition of shares.2. The current number of shares heldand the proportion of the Banks's share capital represented by thoseshares, as well as the number of votes attached to those shares andtheir percentage share in the total number of votes:Afterthe change in the shareholding the subsidiaries of BlackRock, Inc holds11,506,440 shares and votes in the Bank, representing 4.38% of the sharecapital of the Bank and the total number votes in the Bank respectively.3.Subsidiaries of the shareholder that makes the notification, which holdthe Banks's shares or other instruments referred to in items 4 and 5below:BlackRock Japan Co., Ltd.; BlackRock InvestmentManagement, LLC; BlackRock Investment Management (UK) Limited; BlackRockInvestment Management (Australia) Limited; BlackRock InternationalLimited; BlackRock Institutional Trust Company, National Association;BlackRock Fund Advisors; BlackRock Financial Management, Inc.; BlackRockAsset Management North Asia Limited; BlackRock Asset ManagementDeutschland AG; BlackRock Asset Management Canada Limited; BlackRockAdvisors, LLC; BlackRock Advisors (UK) Limited; BlackRock (Singapore)Limited; BlackRock (Netherlands) B.V.Information regarding thechain of control over the abovementioned entities by Black Rock, Inc.has been presented in the attachment to this report.4. Thenumber of votes from shares, calculated pursuant to Article 69b.2 of thePolish Act on Public Offering, the Conditions Governing the Introductionof Financial Instruments to Organized Trading, and on Public Companies(the "Act on Public Offering"), to whose acquisition they are entitledor obliged as a holder of financial instruments referred to in Article69b.1 (1) of the Act on Public Offering, as well as financialinstruments referred to in Article 69b.1 (2) of the Act on PublicOffering which are not exercised solely by cash settlement, the type andthe name of those financial instruments, the date of their expiration,and about the date or time limit within which the acquisition of shareswill or may occur:1,199,501 votes from shares, representing0.46% of the share capital of the Bank and the total number of votes inthe Bank, related to securities lending. According to the Notificationthere is no date of expiration of the abovementioned instruments and noexercise or conversion period.5. The number of votes fromshares, calculated pursuant to Article 69b.3 of the Act on PublicOffering, to which the financial instruments referred to in Article69b.1 (2) of the Act on Public Offering refer directly or indirectly,the type and the name of these financial instruments, and about the dateof their expiration653,685 votes from shares representing0.25% of the share capital of the Bank and the total number of votes inthe Bank, related to contracts for difference (CFD) with cashsettlement. According to the Notification there is no date of expirationof the abovementioned instruments and no exercise or conversion period.6.The total number of votes as indicated pursuant to items (2), (4), and(5) and its percentage share in the general number of votes.13,359,626votes from shares, representing 5.09% of the share capital of the Bankand the total number of votes in the Bank.Legal basis: art. 70point 1 of the Act of July 29th, 2005 on Public Offering, ConditionsGoverning the Introduction of Financial Instruments to OrganizedTrading, and Public Companies (consolidated text: Journal of Laws of2018, item 512)