Currentreport 11/2025

Subject:Disclosure of delayed inside information regarding the commencement ofnegotiations for the disinvestment of the retail business of BankHandlowy w Warszawie S.A.

Legalbasis:Article 17(4) in connection with Article 17(1) of MAR - disclosure ofdelayed inside information

Asthe conditions for the delayed disclosure of inside information haveexpired, the Management Board of Bank Handlowy w Warszawie S.A., actingon the basis of Article 17 (1) and (4) and Article 7 of the Regulation(EU) No. 596/2014 of the European Parliament and of the Council onmarket abuse and repealing Directive 2003/6/EC of the EuropeanParliament and of the Council and Commission Directives 2003/124/EC,2003/125/EC and 2004/72/EC ("MAR"), hereby discloses insideinformation delayed on 31stJanuary 2025 pursuant to Article17 (4) MAR.

Contentof the inside information delayed on 31stJanuary 2025:

"BankHandlowy w Warszawie S.A. (the "Bank") announces that on 31stJanuary 2025, the Management Board of the Bank decided to commencenegotiations with Cerberus Global Investments B.V. and VeloBank S.A.regarding the divestment of the Bank's business division comprising theRetail Business of the Bank (the "Bank's Retail Business").

Thecommencement of the aforementioned negotiations does not imply that thetransaction for the divestment of the Bank's Retail Business("Transaction") will be implemented, in particular, the Bank'sauthorities have not made any binding decisions regarding theimplementation of such Transaction.

TheBank will inform about the conclusion of a possible transactionagreement in a separate current report."