2025-10-14 Report No. 23/2025: Conclusion of a subordinated loanagreement.

The Bank Management Board of ING Bank Śląski S.A. ("Bank") hereby givenotice that on 14 October 2025 the Bank has concluded with ING Bank N.V.with the registered office in Amsterdam a subordinated loan agreement("Loan").

The Loan amount totals EUR 250 million (in words: two hundred and fiftymillion euro). The equivalent of the Loan as at the average rate of theNational Bank of Poland on 14 October 2025 is approximately PLN 1,066million (in words: one billion and sixty-six million zloty). Thetransaction date will be 15 October 2025.

The Loan was granted for 10 years. The Bank has the right to an earlyredemption of the Loan after the lapse of 5 years, provided the relevantapproval of the Polish Financial Supervision Authority ("PFSA") has beenobtained.

Loan interest will be paid quarterly at the 3M EURIBOR rate plus margin.The financial terms and conditions of the Loan were set on an arm'slength basis.

The Bank will apply to the PFSA for approval of Loan amount recognitionunder Tier II capital. The Bank will communicate the fact of obtainingthe PFSA's approval in a separate report.

ING Bank N.V. is the parent company, holding 75% of shares and votes atthe Bank General Meeting.

Legal grounds: Article 17 section 1 of Regulation of the EuropeanParliament and of the Council (EU)

No. 596/2014 16 April 2014 (MAR).