PKO Bank Polski S.A.

Share Issue/Capital Change • Jun 25, 2025

Report Content Report No. 4/2025

Date: 25-06-2025

Subject: End of subscription for the covered bonds with the aggregateprincipal amount of EUR 500,000,000 under the International Covered BondIssuance Programme of PKO Bank Hipoteczny S.A.

Legal basis:

Art. 56.1(2) of the Act on Public Offer - current and periodicinformation; §17 point 1 of the Ordinance of the Minister of Finance of6 June 2025 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.

Content of the report:

In connection with the end of the subscription for series 16 coveredbonds issued under the International Covered Bond Issuance Programme(EMTN) based on the Base Prospectus approved on 6 June 2025 by theCommission de Surveillance du Secteur Financier in Luxembourg, and theintention to have the covered bonds admitted to trading on the regulatedmarket in Luxembourg, the Management Board of PKO Bank Hipoteczny S.A.with its registered office in Warsaw (the "Bank"), hereby announces thefollowing information:

1) start and end dates of the subscription: opening date: 17 June 2025,ending date: 17 June 2025.

2) the date of allotment of securities: 17 June 2025.

3) the number of securities covered by the subscription: 5,000.

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 40,95%.

5) the number of securities subscribed for in the subscription: 12,209units.

6) the number of securities allotted in the subscription: 5,000 units.

7) the subscription price of the securities: 99.581% of the principalamount, i.e., EUR 99,581for each covered bond.

8) the number of persons who have subscribed for the securities in thesubscription in particular tranches: 55.

9) the number of persons to whom the securities were allotted in thesubscription in particular tranches: 51.

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: EUR500,000,000 (in words: five hundred million euros).

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 have beenmade by wire transfer to the Bank's account.