CurrentReport no. 27/2022Subject:Information on the change of the function held in the Management Boardof Bank Handlowy w Warszawie S.A.

Legalbasis:§ 5 point 5) of the Ordinance of the Minister of Finance dated March 29,2018 on current and periodic information published by issuers ofsecurities and the conditions for regarding as equivalent theinformation required by the law of a non-member state (Official Journalof 2018, item 757).

BankHandlowy w Warszawie S.A. ("the Bank") announces that on September 29,2022, the Supervisory Board of the Bank decided to change the functionperformed by Ms. Katarzyna Majewska in the Management Board of BankHandlowy w Warszawie S.A. from a Member of the Management Board to theVice President of the Management Board. As part of the internal divisionof powers in the Bank's Management Board, Ms. Katarzyna Majewska will bethe Vice President of the Management Board responsible for operationsand technology.

Informationon the education, qualifications, and description of the professionalcareer of Ms. Katarzyna Majewska along with information about thepositions she previously occupied were indicated in the current reportNo. 38/2021 of December 3, 2021, on the appointment of Ms. KatarzynaMajewska to the Management Board of the Bank.

Ms.Katarzyna Majewska does not perform any business activity outside theBank, and therefore she does not perform any activity competitive toBank Handlowy w Warszawie S.A., she does not participate in acompetitive company as a partner in a civil company, partnership, orjoint stock company, neither does she participate in a competitive legalperson as a member of its governing body.