ING Bank Slaski S.A. — Audit Report / Information 2016

Aug 3, 2016

KPMGAudyt Spółka z ograniczoną odpowiedzialnością sp.k. ul. Inflancka 4A 00-189 Warszawa Poland

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INDEPENDENT AUDITORS' REPORT ON REVIEW OF THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD FROM 1 JANUARY 2016 TO 30 JUNE 2016

To the Shareholders of ING Bank Śląski S.A.

Introduction

We have reviewed the accompanying 30 June 2016 interim condensed consolidated financial statements of ING Bank Śląski S.A. Capital Group, with its parent company's registered office in Katowice, ul. Sokolska 34 ("the interim condensed consolidated financial statements"), which comprise:

• The interim condensed consolidated statement offinancial position as at 30 June 2016,
• The interim condensed consolidated income statements for the three-month period and sixmonth periods ended 30 June 2016,
• The interim condensed consolidated statements of comprehensive income for the three-month period and six-month period ended 30 June 2016,
• The interim condensed consolidated statement of changes in equity for the six- month period ended 30 June 2016,
• The interim condensed consolidated statement of cash flows for the six-month period ended 30 June 2016, and
• Notes to the interim consolidated financial statements.

Management of the parent company is responsible for the preparation and presentation of these interim condensed consolidated interim financial statements in accordance with the IAS 34 Interim Financial Reporting as adopted by the European Union. Our responsibility is to express a conclusion on these interim condensed consolidated interim financial statements, based on aur review.

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Scope of Review

We conducted our review in accordance with the International Standard on Review Engagements 2410 Review o/Interim Financial lnformation Performed by the Independent Auditor o/the Entity as adopted by the National Council of Certified Auditors as the National Standard on Assurance 241 O. A review of interim financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with National Standards on Assurance or International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed standalone interim financial statements as at 30 June 2016 are not prepared, in all materiał respects, in accordance with IAS 34 Interim Financial Reporting as adopted by the European Union.

On behalf of KPMG Audyt Spółka z ograniczoną odpowiedzialnością sp.k. registration number 3546 ul. Inflancka 4A, 00-189 Warsaw

Signed on the Polish original

Ewa Józwik Key Certified Auditor Registration No. 11154 Signed on the Polish original

Stacy Ligas Management Board Member ofKPMG Audyt Sp. z o.o. General Partner of KPMG Audyt Spółka z ograniczoną odpowiedzialnością sp. k.

2 August 2016