Currentreport No. 21/2023

Subject:Notification of change in the holdings in the Bank's share capital andin the total number of votes made by entities from Citi group ofcompanies

Legalbasis:Article70(1) of the Act on Public Offering, Conditions Governing theIntroduction of Financial Instruments to Organized Trading, and PublicCompanies

TheManagement Board of Bank Handlowy w Warszawie S.A. ("Bank") herebydiscloses the notification receivedon16 November 2023 from entities from Citi group of companiesunderArticle 69(1) of the Act on Public Offering, Conditions Governing theIntroduction of Financial Instruments to Organized Trading, and PublicCompanies ("Notification").

Inaccordance with the information provided in the Notification, on 15November 2023 a change was made in the shareholding structure of theBank as a result of the transfer by Citibank Overseas InvestmentCorporation of 97,994,700 shares of the Bank, representing 75% of theshare capital of the Bank and authorizing to 97,994,700 votes at thegeneral meeting of shareholders of the Bank, which represent 75% of thetotal number of votes at the general meeting of shareholders of theBank, to Citibank Europe PLC ("Transaction").

WithinCiti group of companies, the company being the majority shareholder ofthe Bank changed from Citibank Overseas Investment Corporation withregistered office in the USA to Citibank Europe PLC with registeredoffice in Ireland in order to fulfil the statutory obligation underwhich domestic banks belonging to a group from a third country, i.e.from outside the European Union and in the case of the Bank - the UnitedStates, an EU intermediate parent undertaking (IPU) with its registeredoffice in the European Union.Theother information about the Transaction is provided in the Notification.

Thetranslation of the Notification into Polish, prepared by the Bank, isattached to the Polish language version of this report. The Notificationin English received by the Bank is an attachment to the English languageversion of this report.