Banku Handlowego w Warszawie S.A.

Capital/Financing Update • Dec 23, 2022

Current Report No. 35/2022

Subject: Letter from theBank Guarantee Fund regarding the minimum requirement for own funds andeligible liabilities (MREL) for Capital Group of Bank Handlowy wWarszawie S.A.

Legal basis:Art. 17 of the Regulation (EU) No 596/2014 of the European Parliamentand of the Council of 16 April 2014 on market abuse (MAR).

The Management Board of Bank Handlowy w WarszawieS.A. ("the Bank"), announces that on December 23, 2022 the Bank receiveda letter from the Bank Guarantee Fund ("BFG") on the minimum requirementfor own funds and eligible liabilities ("MREL").

The MREL TREA requirement for the Bank on aconsolidated data has been set at the level of 15.36%, which should bemet by own funds and eligible liabilities meeting the subordinationrequirement at the level of 15.36% TREA by 31 December 2023.

The MREL TEM requirement for the Bank on aconsolidated data has been set at the level of 5.91% TEM and should bemet by own funds and eligible liabilities meeting the subordinationrequirement at the level 5.89% TEM by 31 December 2023.

In addition, the BFG has set the path to reach thetarget MREL requirement as of 31 December 2022:

_#183;_#160;_#160;_#160;_#160;_#160;_#160;MREL TREA mid-term requirement: 11.68%

_#183;_#160;_#160;_#160;_#160;_#160;_#160;MREL TREA subordinated interimrequirement: 11.68%

_#183;_#160;_#160;_#160;_#160;_#160;_#160;MREL TEM mid-term requirement: 4.46%

_#183;_#160;_#160;_#160;_#160;_#160;_#160;MREL TEM subordinated interimrequirement: 4.45%