Banku Handlowego w Warszawie S.A.

Report Publication Announcement • May 21, 2024

Report Content Current Report No. 18/2024

Re: Opinion of the Supervisory Board on themotion of the Management Board concerning the distribution of net profitfor the year 2023

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).

With reference to the current report No. 12/2024 ofMay 7, 2024, the Management Board of Bank Handlowy w Warszawie S.A.(_quot;the Bank_quot;) informs that on May 21, 2024, the Supervisory Board of BankHandlowy w Warszawie S.A. adopted a resolution and gave a positiveopinion on the submission to the Annual General Meeting of Shareholdersof the motion of the Management Board on the distribution of net profitfor 2023 in the amount of PLN 2,255,190,345.46 as follows:

1)_#160;_#160;_#160;dividend: PLN1,450,321,560.00

2)_#160;_#160;_#160;reserve capital: PLN804,868,785.46

At the same time, the Supervisory Board consideredand endorsed the motion of the Management Board concerning the dividenddate to be June 27, 2024 (the dividend day) and the dividend paymentdate to be July 4, 2024 (the dividend payment date).

With reference to current report no. 27/2023regarding obtaining the permission from the Polish Financial SupervisionAuthority to buy-back own shares and the commencement of the buy-backprocess by the Bank, the final amount for dividend payment, and thus forthe reserve capital, will depend on the number of own shares held by theBank on the dividend date.

In line with current reports No. 17/2023 and 20/2023,the part of net profit of 2023 in the amount of PLN 800 million wasrecognized in the Bank's Tier 1 capital.

The proposal of the Management Board along with theopinion of the Supervisory Board will be submitted to the Annual GeneralMeeting of Shareholders for approval by resolution.