PKO Bank Polski S.A.

Capital/Financing Update • Mar 18, 2024

Report Content Report No. 8/2024

Date: 18-03-2024

Subject: End of subscription for the covered bonds with the aggregateprincipal amount of PLN 1,000,000,000 under the International CoveredBond Issuance Programme of PKO Bank Hipoteczny S.A.

Legal basis:

Art. 56.1(2) of the Act on Public Offer - current and periodicinformation; §16 of the Ordinance of the Minister of Finance of 29 March2018 on current and periodic information provided by issuers ofsecurities and on conditions under which information required by legalregulations of a non-member state may be recognized (current report).

Content:

In connection with the end of the subscription for series 12 coveredbonds issued under the International Covered Bond Issuance Programme forthe European market (EMTN) based on the Base Prospectus approved on 14June 2023 by the Commission de Surveillance du Secteur Financier, assupplemented by the first supplement dated 4 October 2023 and the secondsupplement dated 8 March 2024, and the intention to have the coveredbonds admitted to trading on the regulated market in Luxembourg andWarsaw, the Management Board of PKO Bank Hipoteczny S.A. with itsregistered office in Warsaw (the "Bank_quot;) hereby announces the followinginformation:

1) start and end dates of the subscription: opening date: 15 March 2024,ending date: 15 March 2024.

2) the date of allotment of securities: 15 March 2024.

3) the number of securities covered by the subscription: 2,000.

4) reduction rate in specific tranches if at least in one of thetranches the number of allotted bonds was lower than the number ofsubscribed securities: the covered bonds are to be issued in one tranchewith the reduction rate of 31.3%.

5) the number of securities subscribed for in the subscription: 3,473units.

6) the number of securities allotted in the subscription: 2,000 units.

7) the subscription price of the securities: 100% of the principalamount, i.e., PLN 500,000 for each covered bond.

8) the number of persons who have subscribed for the securities in thesubscription in particular tranches: 17.

9) the number of persons to whom the securities were allotted in thesubscription in particular tranches: 16.

10) the names of the underwriters who have subscribed for securities inexecution of the underwriting agreements, with an indication of thenumber of securities which they have subscribed for, together with theactual price per unit of the security, being the issue price, afterdeducting the consideration for subscribing for a unit of the security,in execution of the underwriting agreement, purchased by theunderwriter: N/A.

11) the aggregate principal amount of the subscription, i.e., theproduct of the number of securities offered and the issue price: PLN1,000,000,000 (in words: one billion zlotys).

12) the total costs which were recognized as the issuance costs: theBank will disclose such information in an updated current report afterit has received and accepted all the invoices connected with theissuance.

13) the average cost of subscription per one security: the Bank willdisclose such information in an updated current report after it hasreceived and accepted all the invoices connected with the issuance.

14) the method of payment for taken up securities: the payment will bemade by wire transfer to the Bank's account.