Current Report No. 6/2024

Subject:Individual recommendation of the Polish Financial Supervision Authorityregarding the dividend policy and recommendations for the Bank

Legal basis:Article 17 (1) of Regulation (EU) No 596/2014 of the European Parliamentand of the Council of 16 April 2014 (MAR).

The Management Board of BankHandlowy w Warszawie S.A. (_quot;Bank_quot;) hereby announces that on February 23,2024 it received a letter from the Polish Financial SupervisionAuthority (_quot;PFSA_quot;) with an individual dividend recommendation for theBank. The PFSA confirmed that the Bank fulfils the criteria for thepayment of dividend up to 75% of the profit for 2023, however themaximum payout amount cannot exceed the amount of annual net profitreduced by the profit earned in 2023 and already included in own funds.

The Bank retained the amount ofPLN 800 million from the net profit for the first half of 2023 andincluded it in Common Equity Tier 1 capital at the individual andconsolidated level.

The PFSA also recommended notundertaking, without prior consultationwiththe supervisory authority, any actions outside the scope of the currentbusiness and operating activities, which could result in a reduction ofthe Bank's own funds, including possible dividend payments fromundistributed profit from previous years as well as share buybacks andbuyouts.