Current Report no. 20/2023

Date: 30-06-2023

Subject:

Appointment of the Members of PKO Bank Hipoteczny S.A. Management Board

Legal basis:

Art. 56 par. 1 pt. 2 of the Act on Public Offering - current andperiodic information

According to the paragraph 5.5 of the Regulation of the Minister ofFinance dated 29 March 2018 on current and periodic informationpublished by issuers of securities and on the conditions under whichsuch information may be recognized as being equivalent to informationrequired by the regulations of law of a state which is not a memberstate, with reference to the current report no. 13/2023 dated 19 May2023 regarding the appointment of the Members of the Management Board ofPKO Bank Hipoteczny S.A., the Management Board of PKO Bank HipotecznyS.A. (_quot;the Bank_quot;) announces that the Annual General Meeting of the Bankapproving the financial statements for the financial year endingDecember 31, 2022 was held on 30 June 2023

In view of the above, the appointment of:

1. Mrs. Katarzyna Kurkowska-Szczechowicz for the position of thePresident of the Bank's Management Board,

2. Mr. Piotr Jaworski for the position of the Vice - President of theBank's Management Board,

3. Mr. Piotr Kochanek for the position of the Vice - President of theBank's Management Board supervising the management of significant risksin the Bank's operations,

4. Mr. Stanisław Skoczylas for the position of the Vice - President ofthe Bank's Management Board,

5. Mrs. Katarzyna Surdy for the position of the Vice - President of theBank's Management Board,

to a new joint term of the Bank's Management Board will commence on 1July 2023.