CurrentReport No. 40/2024

Subject: Informationon own shares buy-back transactions

Legalbasis:Article 5 of Regulation (EU) No. 596/2014 of the European Parliament andof the Council of 16 April 2014 on market abuse (Market AbuseRegulation) and repealing Directive 2003/6/EC of the European Parliamentand of the Council and Commission Directives 2003/124/EC, 2003/125/ECand 2004/72/EC and Article 2(2) and (3) of Commission DelegatedRegulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU)No. 596/2014 of the European Parliament and of the Council with regardto regulatory technical standards on conditions applicable to buy-backprograms and stabilization measures (Delegated Regulation 2016/1052).

TheManagement Board of Bank Handlowy w Warszawie S.A. ("Bank")announces that the Bank has received a notification from the BrokerageDepartment of Bank Handlowy ("DMBH") indicating that inimplementing the Bank's Own Shares buy-back program adopted by itsExtraordinary General Meeting on December 16, 2022 (as announced by theBank in its Current Report No. 34/2022 dated December 16, 2022 and No.27/2023 dated December 29, 2023) between November 25, 2024 and November29, 2024, DMBH purchased the following shares for the account of theBank:

1)_#160;_#160;_#160;_#160;The own shares werepurchased on the basis of Resolution No. 5/2022 of the Bank'sExtraordinary General Meeting dated December 16, 2022, authorizing theManagement Board to purchase the Bank's own shares and create a capitalreserve for the Bank's own shares buy-back program in connection withthe implementation of: (i) a share-based incentive plan for personswhose professional activities have a material impact on the Bank's riskprofile, and (ii) a share-based incentive plan for selected Bankemployees other than persons whose professional activities have amaterial impact on the Bank's risk profile.2)_#160;_#160;_#160;_#160;Between November 25,2024 and November 29, 2024 DMBH purchased a total of 35,468 shares forthe account of the Bank. The total value of the transactions was PLN3,083,683.50 (three million eighty three thousand six hundred eightythree Polish zloty, 50/100).

3)_#160;_#160;_#160;_#160;The average unitpurchase price was PLN 86.94269482 (eighty six Polish zloty, 94/100) pershare.

4)_#160;_#160;_#160;_#160;The shares acquiredin the transactions referred in item (2) above have the nominal value ofPLN 4.00 (four) each, represent0.0271453%ofthe Bank's share capital and 0.0271453% of the total number of votes atthe Bank's General Meeting.

5)_#160;_#160;_#160;_#160;The purpose of theown shares buy-back is to transfer them to eligible persons under theincentive plans announced by the Bank in its Current Report No. 29/2022of 7 November 2022 and No. 30/2022 of 14 November 2022 and No. 27/2023of 29 December 2023.

6)_#160;_#160;_#160;_#160;On the date ofpublication this Current Report, the Bank has acquired a total of266,374 own shares under the own shares buy-back program,representing0,2038687%of the Bank's sharecapital and 266,374 of votes at its General Meeting, which represents0,2038687% of the total number of votes at the Bank's General Meeting.