Current Report No. 14/2025

Re: Opinion of the Supervisory Board on themotion of the Management Board concerning the distribution of net profitfor the year 2024 and allocation of undistributed net profits fromprevious years

Legal basis:Art. 17of the Regulation (EU) No 596/2014 of the European Parliament and of theCouncil of 16 April 2014 on market abuse (MAR).

With reference to the current report No. 10/2025 ofMay 19, 2025, the Management Board of Bank Handlowy w Warszawie S.A.("the Bank") informs that on May 29, 2025, the Supervisory Board of BankHandlowy w Warszawie S.A. adopted a resolution and gave a positiveopinion on the submission to the Annual General Meeting of Shareholdersof the motion of the Management Board on the distribution of net profitfor 2024 in the amount of PLN 1,791,978,477.05 as follows:

1)dividend: PLN1,342,776,931.65 which means that the dividend per share amounts to PLN10.29,

2)leave net profit inthe amount of PLN 449,201,545.40 undivided.

At the same time, the Supervisory Board consideredand endorsed the motion of the Management Board concerning the dividenddate to be July 7, 2025 (the dividend day) and the dividend payment dateto be July 14, 2025 (the dividend payment date).

The dividend amount per share was calculated bydividing the dividend amount for shareholders by the total number ofshares in the Bank reduced by the number of treasury shares held by theBank. As a result, 130,493,385 shares participate in the dividenddistribution.

At the same time the Supervisory Board of BankHandlowy w Warszawie S.A. adopted a resolution and gave a positiveopinion on the submission to the Annual General Meeting of Shareholdersof the motion of the Management Board on the allocation of the entireundistributed net profit of the Bank from previous years in the amountof PLN 1,091,283,635.71 which consists of:

1) undistributedprofit generated in 2018 in the amount of PLN 163,279,653.78

2) undistributedprofit generated in 2019 in the amount of PLN 478,802,436.53

3) undistributedprofit generated in 2024 in the amount of PLN 449,201,545.40

to the dividend capital provided that it isestablished by the General Meeting of Shareholders.

The proposal of the Management Board along with theopinion of the Supervisory Board will be submitted to the Annual GeneralMeeting of Shareholders for approval by resolution.