Banku Handlowego w Warszawie S.A.

Report Publication Announcement • Jun 14, 2021

Current Report No. 23/2021

Re: Information on the proposed distribution ofnet profit for 2020 and undistributed profit for 2019

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

On June 14, 2021, the Management Board of BankHandlowy w Warszawie S.A. ("Bank") adopted a resolution on the proposeddistribution of net profit for the year 2020 and undistributed netprofit for the year 2019.

The Management Board of the Bank recommended to theAnnual General Meeting in 2021 to distribute the profit for 2020 in theamount of PLN 158,085,123.29 and undistributed profit for 2019 in theamount of PLN 478,802,436.53 by allocating an appropriate part to thedividend payment, provided that until September 10, 2021 (inclusive),the Polish Financial Supervision Authority will allow the distributionof profit in one of the following ways:

a)a)Whole Profit Distribution Condition;

b)b)75% Profit Distribution Condition - ifthe Whole Profit Distribution Condition fail to be fulfilled,

c)c)50% Profit Distribution Condition - ifthe 75% Profit Distribution Condition fail to be fulfilled,d)Ifthe 50% Profit Distribution Condition fail to be fulfilled, the netprofit for 2020 and the undistributed profit for 2019 will remain fullyundistributed;

If the Polish Financial Supervision Authorityapproves the payment of the dividend, the Management Board of the Bankproposed to set the dividend date for September 15, 2021 (the dividendday) and the date of dividend payment for September 22, 2021 (thedividend payment date).

The above proposal of the Management Board will besubmitted to the Supervisory Board for consideration and assessment andthen to the General Meeting so that the resolution can be adopted.

Drafts of resolutions of the General Meeting on thedistribution of net profit for 2020 and undistributed profit for 2019are attached to this report.