PKO Bank Polski S.A.

Capital/Financing Update • Dec 14, 2023

Report No. 24/2023 - Polish Financial Supervision Authority'srecommendation on the level of an additional capital requirement (P2G)imposed on PKO Bank Polski S.A.Legal basis:Article 17.1 MARRegulationthe Report:The Management Board of PKO Bank PolskiS.A. ("Bank") informs that on the 14 of December 2023 it received arecommendation from the Polish Financial Supervision Authority ("PFSA")to limit the risk occurring in the Bank's operations by maintaining ownfunds to cover the additional capital add-on in order to absorbpotential losses resulting from the occurrence of stress conditions(P2G). It was set at 0.48 p.p. at the standalone basis (the levelrecommended by the PFSA in 2022 was 0.72 p.p.) and 0.42 p.p. atconsolidated one (the level recommended by the PFSA in 2022 was 0.66p.p.) above the level of total capital ratio described in the article 92item 1 letter c of the regulation (EU) No. 575/2013 of the EuropeanParliament and of the Council on prudential requirements for creditinstitutions increased by the additional own funds requirement referredto in Article 138(2)(2) of the Banking Law and by the combined bufferrequirement referred to in Article 55(4) of the Act on macro prudentialoversight.The additional capital requirement should be made upof Tier 1 funds only.The PFSA's decision is the result of theBank's supervisory assessment process, in which the Bank's sensitivityto the possible materialization of stress scenarios affecting the levelof own funds and risk exposure was assessed as low.