PKO Bank Polski S.A.

Audit Report / Information • May 9, 2024

This document is a free translation of the Polish original. Terminology current in Anglo-Saxon countries has been used where practicable for the purposes of this translation in order to aid understanding. The binding Polish original should be referred to in matters of interpretation.

Independent Auditor's Report on Review of Condensed Consolidated Interim Financial Statements

To the Shareholders and Supervisory Board of PKO Bank Polski S.A.

Introduction

We have reviewed the accompanying condensed consolidated interim financial statements of the PKO Bank Polski S.A. Group (the "Group"), whose parent entity is PKO Bank Polski S.A. (the "Parent Entity"), which comprise:

• the consolidated statement of financial position as at 31 March 2024,

and, for the three-month period ended 31 March 2024:

• the consolidated statement of profit or loss;
• the consolidated statement of comprehensive income;
• the consolidated statement of changes in equity;
• the consolidated statement of cash flows;

and

• information and explanatory notes, comprising material accounting policies and other explanatory information (the "condensed consolidated interim financial statements").

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

ul. Inflancka 4A, 00-189 Warsaw, Poland tel. +48 (22) 528 11 00, fax +48 (22) 528 10 09, kpmg@kpmg.pl

KPMG Audyt Spółka z ograniczoną odpowiedzialnością sp.k., a Polish limited partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.

Company registered at the District Court for the capital city of Warsaw in Warsaw, 12th Commercial Division of the National Business Register.

KRS 0000339379 NIP: 527-26-15-362 REGON: 142078130

KPMG Audyt Spółka z ograniczoną odpowiedzialnością sp.k.

Scope of Review

We conducted our review in accordance with the International Standard on Review Engagements 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity as adopted by the resolution of the National Council of Statutory Auditors as the National Standard on Review 2410. 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 Auditing 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 condensed consolidated interim financial statements as at 31 March 2024 are not prepared, in all material respects, in accordance with IAS 34 Interim Financial Reporting, as adopted by the European Union.

Other Matter

We draw attention to the fact that we have not audited or reviewed the consolidated statement of profit or loss, consolidated statements of comprehensive income, changes in equity and cash flows for the three-month period ended 31 March 2023, or any of the related notes and, accordingly, we express no assurance thereon.

On behalf of audit firm KPMG Audyt Spółka z ograniczoną odpowiedzialnością sp.k. Registration No. 3546

Signed on the Polish original Signed on the Polish original Katarzyna Łącka-Dziekan Tadeusz de Ville Key Statutory Auditor Proxy Registration No. 13131

Warsaw, 8 May 2024