Report No. 20/2024

Date: 03-09-2024

Subject: Update of current report No 13/2024 of 27 June 2024 - summaryof the costs of the issue of covered bonds with the value of PLN 500 000000.00 under the International Covered Bond Programme of PKO BankHipoteczny S.A.

Legal basis: Art. 56.1.2 Act on public offer; § 16 of the Ordinance ofthe Minister of Finance of 29 March 2018 on current and periodicinformation provided by issuers of securities and on conditions underwhich information required by legal regulations of a non-member statemay be recognized (current report).

Content:

In addition to the current report No 13/2024 of 27 June 2024, in thescope of item 12 and 13, the Management Board of PKO Bank HipotecznyS.A. with its registered office in Warsaw provides information about:

1) The total costs which were included in the issuance costs dividedinto the following categories:

a) costs of preparing and conducting the offer: PLN 837 894.34,

b) costs of remuneration of the underwriters (within the meaning of art.4 sec. 12) and 13)

of the Polish Act dated 29 July 2005 on the public offering andconditions of introduction of the financial instruments into theorganized trading system and on public companies): N/A,

c) costs of prospectus and supplement preparation including advisorycosts: the cost applies to all offers of covered bonds carried out underthe Programme and is not allocated to individual issues,

d) costs of promotion: PLN 0.

Total expenses mentioned above paid for subscriptions of bonds amountedto PLN 837 894.34 gross (VAT included).

Methods of settling costs in accounting books and the manner of theirrecognition in the issuer's financial statements: costs included in thecosts of issue of a given series of covered bonds are included in thevaluation at the amortized cost of the financial instrument and then aresettled in the maturity period of the given issue in interest costsusing an effective interest rate.

2) The average cost of subscription per one subscribed covered bond: PLN837.89.

The costs were rounded to two decimal places.