Conclusion of Annex No. 2 to the Order Agreement for the periodicgranting of a guarantee of unfunded credit protection and Annex No. 2 tothe framework Agreement for periodic counter-guarantee

With reference to the current report No. 29/2023 of October 26, 2023,the Management Board of Alior Bank S.A. (_quot;Bank_quot;), acting pursuant toArticle 17 (1) of Regulation (EU) No 596/2014 of April 16, 2014, onmarket abuse and repealing Directive 2003/6/EC of the EuropeanParliament and of the Council and Commission Directives 2003/124/EC,2003/125/EC and 2004/72/EC (_quot;MAR_quot;), informs that on October 26, 2023,Annex No. 2 to the Order Agreement for periodic granting of a guaranteeof unfunded credit protection (,,Guarantee Agreement") was concludedbetween the Bank and Powszechny Zakład Ubezpieczeń Spółka Akcyjna (_quot;PZUS.A._quot;). Moreover, on October 26, 2023, Annex No. 2 to the frameworkAgreement for periodic counter-guarantee (_quot;Counter-guarantee Agreement_quot;)between PZU S.A. and its counterparty (_quot;Counterparty_quot;) was concluded,which defines the rules of granting by the Counterparty at the requestof PZU S.A. counter-guarantees issued for the benefit of the Bank.

The Guarantee Agreement specifies the rules for granting by PZU S.A.within the limit of exposure, at the request and on behalf of the Bankof unfunded credit protection insurance guarantees.

The exposure limit under the Guarantee Agreement amounts to a maximum ofPLN 4 billion (four billion zlotys). The limit is valid for a period of3 years and is renewable, which means that the expiry of the guaranteerenews the limit for the _quot;released_quot; amount less the amount of possibledisbursements from the guarantee.

The amount of remuneration for granting guarantees under the GuaranteeAgreement will be influenced, among others, by the amortization of theportfolio. In addition, the remuneration may include a premium for acounter-guarantee, which PZU S.A. may order from its Counterparty on thebasis of the Counter-Guarantee Agreement.

At the moment, it is not possible to provide the amount of remunerationfor the guarantee provided under the Guarantee Agreement, as it willdepend on the amount of the guarantee sum and the quality of theportfolio secured by the guarantee. The issue of each guarantee will bepreceded by the Bank's application and the assessment and valuation ofthe portfolio submitted for the guarantee.

Detailed information about the individual guarantees issued by PZU S.A.under the Guarantee Agreement will be provided by Alior Bank S.A. to thepublic in separate current reports.

To secure the payment of the remuneration for the guarantee grantedunder the Guarantee Agreement, the Bank will submit a declaration on thevoluntary submission to execution in the form of a notarial deed.

The maximum period of validity of guarantees issued under the GuaranteeAgreement is 5 years and is extended by the period for submittingclaims. The Bank's deducible in receivables due from debt claims is 10%of the value of the portfolio covered by a given guarantee.

The Guarantee Agreement includes contractual penalties that may be dueto PZU S.A. from the Bank in the event of breach of certain obligationsof the Bank under the Guarantee Agreement. The total maximum amount ofcontractual penalties may not exceed PLN 3 million (three millionzlotys). The Guarantee Agreement does not exclude the possibility ofseeking damages exceeding the sum of contractual penalties.

Under the annexed Counter-guarantee Agreement, which defines the rulesfor granting by the Counterparty at the request of PZU S.A.counter-guarantees issued for the benefit of the Bank, the availablecounter-guarantee limit is PLN 3.2 billion (three billion two hundredmillion zlotys). The available limit will be reduced each time asubsequent counter-guarantee is granted by the guarantee amountindicated in this counter-guarantee, whereas the availablecounter-guarantee limit will be renewable, which means that the expiryof the counter-guarantee will cause the limit to be renewed.