Banku Handlowego w Warszawie S.A.

Transaction in Own Shares • Feb 19, 2024

CurrentReport No. 5/2024

Subject: Informationon treasury shares buy-back transactions

Legal basis: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).

The Management Board ofBank Handlowy w Warszawie S.A. ("Bank") announces that theBank has received a notification from the Brokerage Department of BankHandlowy ("DMBH") indicating that in implementing theBank's Treasury Shares buy-back program adopted by its ExtraordinaryGeneral Meeting on December 16, 2022 (as announced by the Bank in itsCurrent Report No. 34/2022 dated December 16, 2022 and No. 27/2023 datedDecember 29, 2023) between February 15, 2024 and February 16, 2024, DMBHpurchased the following shares for the account of the Bank:

1)_#160;_#160;_#160;_#160;Thetreasury shares were purchased on the basis of Resolution No. 5/2022 ofthe Bank's Extraordinary General Meeting dated December 16, 2022,authorizing the Management Board to purchase the Bank's treasury sharesand create a capital reserve for the Bank's treasury shares buy-backprogram in connection with the implementation of: (i) a share-basedincentive plan for persons whose professional activities have a materialimpact on the Bank's risk profile, and (ii) a share-based incentive planfor selected Bank employees other than persons whose professionalactivities have a material impact on the Bank's risk profile.

2)_#160;_#160;_#160;_#160;BetweenFebruary 15, 2024 and February 16, 2024 DMBH purchased a total of 10,430shares for the account of the Bank. The total value of the transactionswas PLN 1,079,378.80 (one million, seventy nine thousand three hundredseventy eight Polish zloty, eighty).

3)_#160;_#160;_#160;_#160;Theaverage unit purchase price was PLN 103.48790029 (one hundred threePolish zloty, forty-nine) per share.

4)_#160;_#160;_#160;_#160;Theshares acquired in the transactions referred in item (2) above have thenominal value of PLN 4.00 (four) each, represent 0.007983% of the Bank'sshare capital and 0.007983% of the total number of votes at the Bank'sGeneral Meeting.5)_#160;_#160;_#160;_#160;Thepurpose of the treasury 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;_#160;_#160;Onthe date of publication this Current Report, the Bank has acquired atotal of 12_#160;816 treasury shares under the treasury shares buy-backprogram, representing 0.009809% of the Bank's share capital and 2,386 ofvotes at its General Meeting, which represents 0.009809% % of the totalnumber of votes at the Bank's General Meeting.

Details regarding thetreasury shares buy-back transactions discussed in this Current Reportare provided in an attachment hereto.