Banku Handlowego w Warszawie S.A.

Notice of Dividend Amount • Jul 2, 2021

Legal basis:Article 17 (1) of the Regulation (EU) No 596/2014 of the EuropeanParliament and of the Council of 16 April 2014 on market abuse (marketabuse regulation).

The Management Board of BankHandlowy w Warszawie S.A. ("Bank") announces that on June 1, 2021 theBank received a letter from the Polish Financial Supervision Authority("PFSA") regarding the dividend policy of commercial banks for thesecond half of 2021, providing for the conditions to be satisfied bybanks for dividend payout in the amount of up to 50%, 75% and 100% ofnet profit respectively. The conditions are in line with the assumptionspublished in the PFSA's statement of June 24, 2021 concerning theposition of the supervisory authority regarding the dividend policyassumptions for commercial banks in the second half of 2021.

In its letter the PFSA alsonotified the Bank about the value of the ST parameter describing theBank's sensitivity to an adverse macroeconomic scenario. For the Bankthe difference between the total capital ratio ("TCR") in the base casescenario and the TCR in the shock scenario at the end of the forecastperiod (2021), including supervisory adjustments, amounted to 4.40 p.p.The PFSA stated that the Bank's sensitivity is identical for both thepayout from up to 75% and 100% of net profit.

Furthermore, the PFSA stated thattheir stance on the dividend policy applied only to the payout from the2020 profit and that they would present an additional stance on theretained earnings (including the 2019 profit) at the 2021 yearend alongwith the 2022 dividend policy.

The PFSA also communicated thatthe Bank would receive individual recommendations concerning bothdividend payout and other measures which could entail capital basereduction.