Bank Pekao S.A.

Notice of Dividend Amount • Feb 21, 2024

UNOFFICIAL TRANSLATION21.02.2024 - Report 2/2024: Letter fromthe Polish Financial Supervision Authority regarding dividend policy andrecommendations for Bank Polska Kasa Opieki S.A.BankPolska Kasa Opieki S.A. (the "Bank") hereby informs that on21 February 2024, it received an individual recommendation of the PolishFinancial Supervision Authority (the "PFSA") regarding theBank's dividend policy. As at 31 December 2023, in terms of the basiccriteria set out in the PFSA's position of 14 December 2023 on thedividend policy for 2024, and taking into account the quality of theBank's loan portfolio, measured by the share of non-performingreceivables in the total portfolio of receivables from the non-financialsector, including debt instruments, Bank met the requirements qualifyingfor the payment of dividend up to 50% from the Bank's profit generatedin the period from 1 January 2023 to 31 December 2023.ThePFSA recommended the Bank not pay a dividend from profit earned in theperiod from 1 January to 31 December 2023 in the amount higher than 50%,with the maximum payout amount not exceeding the amount of annual profitdiminished by profit earned in 2023 already included in own funds.Inaccordance with the PFSA's decision of 23 August 2023, the Bank includedin its own funds a part of the Bank's net profit for the first half of2023 in the amount of PLN 808,755,262.19.In addition, thePFSA recommended the Bank not to take other actions, in particular thoseoutside the scope of current business and operating activities, whichcould result in a reduction of the own funds, including possibledividend payments from undistributed profit from previous years andshare buybacks, without prior consultation with the supervisoryauthority.On 7 February 2024 Bank received a letter from thePFSA in which PFSA indicated that it does not raise any objections tothe possibility of paying, in 2024, the undistributed profit for 2019 inthe amount of PLN 1,685,057,618.28 in the form of a dividend, as Bankinformed in current report no. 1/2024 of 7 February 2024.Legalbasis: Art. 17 of (1) MAR - inside information