Currentreport no. 41/2024

Subject:Adoption of the 2025-2027 Strategy of the Bank Handlowy w Warszawie S.A.Group

Legalbasis:Art.17 of the Regulation (EU) No 596/2014 of the European Parliament and ofthe Council of 16 April 2014 on market abuse (MAR).

Asthe period covered by the 2022-2024 Strategy is finished, Bank Handlowyw Warszawie S.A. ("the Bank") informs that on December 5, 2024 theSupervisory Board approved the 2025-2027 Bank Handlowy w Warszawie S.A.Group Strategy ("the Strategy").

Dueto the ongoing Consumer Banking exit process and the fact that no finaldecisions was made on the date of the Strategy adoption, the Strategyassumes operation of the Bank in two business segments - InstitutionalBanking and Consumer Banking.

TheBank's 2025-2027 growth Strategy assumes development of businessactivity and achieving following financial goals:

_#183;_#160;_#160;_#160;_#160;_#160;_#160;-Return on equity(ROE) _gt;15% in each year covered by the Strategy

_#183;_#160;_#160;_#160;_#160;_#160;_#160;-Maintaining costdiscipline (C/I ratio _lt; 45%)

_#183;_#160;_#160;_#160;_#160;_#160;_#160;-Institutional Banking_#160;clients' assetscompound annual growth rate at the level of 7%

_#183;_#160;_#160;_#160;_#160;_#160;_#160;-Continuation ofdividend payment of minimum 75% of net profit, subject to regulatoryapprovals

Strategyassumes development of the business activity on the basis of competitiveadvantages of the Institutional Banking such as leveraging globalnetwork (among others implementation of modern payment solutions meetingneeds of Digital Native clients, dynamic growth in the area of tradefinance and working capital linked solutions). The Bank will pay specialattention to fast growth in the Commercial Bank segment driven by thedevelopment of offer for clients conducting international operations.Additionally, the Bank will be focused on initiatives that reflectcountry priorities i.e. energy transformation and increased investmentsin defense resulting from geopolitical situation. The Bank will supportcompanies in pursuing more sustainable business model and participate inclient transactions in the area of investment banking._#160;Acquisitionof new clients especially in Global Network Banking and Commercial Banksegments is considered as another crucial element of the Strategy. Whatis more, the Bank plans to maintain market leader position in GlobalNetwork Banking segment.

Inthe Consumer Banking, the Bank will continue to provide the bestcustomer service and products. The Bank will focus on maintaining valueand profitability of this segment.

Atthe same time, sustainable strategy is an integral part of the Bank'sStrategy. In this area the Bank will focus on supporting clients intheir sustainable transformation (i.a. through granting of PLN 2 Bnfinancing classified as sustainable), improving ESG risk managementprocesses as well as continued transformation of the Bank's ownoperations.