Banku Handlowego w Warszawie S.A.

Report Publication Announcement • Jul 21, 2021

Current Report no. 30/2021

Subject: Individualrecommendation of the Polish Financial Supervision Authority regardingthe dividend

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 July 20, 2021 theBank received an individual recommendation of the Polish FinancialSupervision Authority relating to the Bank's dividend policy in thesecond half of 2021 (the "PFSARecommendation"). In accordance with the PFSARecommendation, the Bank, as at 31 March 2021 (Bank's quarterly data onown funds) and as at 31 May 2021 (the Bank's monthly data on thereceivables portfolio), in terms of the basic criteria of the dividendpolicy, met the requirements qualifying for the payment of up to 100% ofthe dividend from the Bank's profit generated in the period from 1January 2020 to 31 December 2020. Additionally, the Polish FinancialSupervision Authority recommended the Bank not taking, prior toconsultation with PFSA, any actions beyond the scope of current businessand operational activities that may result in lowering the capital baseincluding possible dividend payments from undistributed profit fromprevious years (i.e. from 2019 and earlier) and buyouts of own shares.

In connection with the above,with reference to Resolution No. 29/2021 of the Ordinary General Meetingof the Bank of June 17, 2021 on the distribution of net profit for 2020,about which the Bank informed with the current report No. 27/2021 ofJune 17, 2021, on July 20, 2021 the Management Board of the Bank adopteda resolution confirming the fulfillment of the Whole Profit DistributionCondition for 2020.

Due to the fulfillment of theWhole Profit Distribution Condition for 2020, the Management Board ofthe Bank informs that the Bank's net profit for 2020 in the amount ofPLN 158,085,123.29. will be distributed as follows:

1) dividend for shareholders: PLN156,791,520.00, which means that the dividend per share amounts to PLN1.20; and

2) allocation to the reservecapital: PLN 1,293,603.29.

Pursuant to point V of resolution29/2021 of the Ordinary General Meeting of June 17, 2021, the dividenddate was set for September 15, 2021 (dividend date) and the dividendpayment date was set for September 22, 2021 (dividend payment date).