Position of the Management Board of Alior Bank S.A. on the Demerger ofBank BPH S.A.

The Management Board of Alior Bank S.A. ("Alior Bank") encloses herewitha written position of the Management Board of Alior Bank adopted on July26, 2016, regarding the demerger of Bank BPH S.A. ("Bank BPH") to beconducted by demerging the core business of Bank BPH into Alior Banku,in the manner set forth in Article 529 § 1 Item 4 of the CommercialCompanies Code.