Resolution on the issue of series 1N mortgage covered bonds andpublication of the final terms and conditions of the issue of series 1Ncovered bonds

Legal basis: Article 17(1) of Regulation (EU) No 596/2014 of theEuropean Parliament and of the Council of 16 April 2014 on market abuse(market abuse regulation) and repealing Directive 2003/ 6/EC of theEuropean Parliament and of the Council and Commission Directives2003/124/EC, 2003/125/EC and 2004/72/EC

Report content:

The Management Board of PKO Bank Hipoteczny S.A. (the 'Issuer')announces that on 15 September 2025 it adopted Resolution No. 114/2025on the issue of up to 1,000,000 series 1N mortgage bonds with a nominalvalue of PLN 1,000 and a total nominal value of up to PLN 1,000,000,000,with the possibility of increasing the issue size to 1,200,000 and thetotal nominal value to PLN 1,200,000,000 ('Covered Bonds'). The CoveredBonds will be issued as part of a domestic programme for the issue ofmortgage covered bonds with a total nominal value of issued andoutstanding covered bonds of up to PLN 10,000,000,000.

The start date for accepting subscriptions for the Covered Bonds is 1October 2025, and the planned end date for the subscription period is 21October 2025. (with the possibility of shortening the subscriptionperiod in accordance with the rules described in the Issuer's baseprospectus approved by the Polish Financial Supervision Authority on 29August 2025 (the 'Prospectus') and the final terms and conditions of theCovered Bonds (the 'Final Terms')). The planned date of issue of theCovered Bonds is 27 October 2025.

The Final Terms, together with a summary of the Prospectus, are attachedto this current report and were published on the Issuer's websitehttps://www.pkobh.pl/listy-zastawne/emisja-listow-zastawnych/w on 16September 2025.