Banku Handlowego w Warszawie S.A.

Transaction in Own Shares • May 20, 2024

Report Content CurrentReport No. 16/2024

Subject:Correction of the current report no. 16/2024

Legalbasis:§ 15 point 2) of the Ordinance of the Minister of Finance dated March29, 2018 on current and periodic information published by issuers ofsecurities and the conditions for regarding as equivalent theinformation required by the law of a non-member state (Official Journalof 2018, item 757).

BankHandlowy w Warszawie S.A. (the _quot;Bank_quot;) hereby submits a correction ofthe current report no. 16/2024 of 20 May 2024 on information on ownshares buy-back transactions.

Thecorrection of the current report consists in adding attachmentcontaining details of the own shares buy-back transactions.

Inview of the above, the content of the corrected report is as follows:

"Legalbasis:Article 5 of Regulation (EU) No. 596/2014 of the European Parliament andof the Council of 16 April 2014 on market abuse (Market AbuseRegulation) and repealing Directive 2003/6/EC of the European Parliamentand of the Council and Commission Directives 2003/124/EC, 2003/125/ECand 2004/72/EC and Article 2(2) and (3) of Commission DelegatedRegulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU)No. 596/2014 of the European Parliament and of the Council with regardto regulatory technical standards on conditions applicable to buy-backprograms and stabilization measures (Delegated Regulation 2016/1052).

TheManagement Board of Bank Handlowy w Warszawie S.A. ("Bank")announces that the Bank has received a notification from the BrokerageDepartment of Bank Handlowy ("DMBH") indicating that inimplementing the Bank's Own Shares buy-back program adopted by itsExtraordinary General Meeting on December 16, 2022 (as announced by theBank in its Current Report No. 34/2022 dated December 16, 2022 and No.27/2023 dated December 29, 2023) between May 13, 2024 and May 17, 2024,DMBH purchased the following shares for the account of the Bank:

1)_#160;_#160;Theown shares were purchased on the basis of Resolution No. 5/2022 of theBank's Extraordinary General Meeting dated December 16, 2022,authorizing the Management Board to purchase the Bank's own shares andcreate a capital reserve for the Bank's own shares buy-back program inconnection with the implementation of: (i) a share-based incentive planfor persons whose professional activities have a material impact on theBank's risk profile, and (ii) a share-based incentive plan for selectedBank employees other than persons whose professional activities have amaterial impact on the Bank's risk profile.

2)_#160;_#160;BetweenMay 13, 2024 and May 17, 2024 DMBH purchased a total of 35,553 sharesfor the account of the Bank. The total value of the transactions was PLN3,827,205 (three million eight hundred twenty seven thousand two hundredfive Polish zloty).

3)_#160;_#160;Theaverage unit purchase price was PLN 107.64787782 (one hundred sevenPolish zloty, sixty five) per share.

4)_#160;_#160;Theshares acquired in the transactions referred in item (2) above have thenominal value of PLN 4.00 (four) each, represent 0.0272104% of theBank's share capital and 0.0272104% of the total number of votes at theBank's General Meeting.

5)_#160;_#160;Thepurpose of the own shares buy-back is to transfer them to eligiblepersons under the incentive plans announced by the Bank in its CurrentReport No. 29/2022 of 7 November 2022 and No. 30/2022 of 14 November2022 and No. 27/2023 of 29 December 2023.

6)_#160;_#160;Onthe date of publication this Current Report, the Bank has acquired atotal of109,153 own shares under the ownshares buy-back program, representing 0.0835400% of the Bank's sharecapital and 109,153 of votes at its General Meeting, which represents0.0835400% of the total number of votes at the Bank's General Meeting.

Detailsregarding the own shares buy-back transactions discussed in this CurrentReport are provided in an attachment hereto."