ALIOR BANK : Settlement of the issue of K series and K1 series bonds

Company: Alior Bank S.A. Current report No.: 60/2017 Date: October 20th, 2017

In reference to the current report No. 54/2017 concerning the resolution of the Management Board of Alior Bank S.A. on the issue of the K series and K1 series bonds, the Management Board of Alior Bank S.A. (the "Bank", the "Issuer") hereby announces that the issuance of the K series subordinated bonds and K1 series subordinated bonds was completed and settled on October 20th, 2017.

1. The following Bonds were issued:

   • 400,000 (four hundred thousand) K series subordinated bearer bonds without a documentary form of the nominal value of PLN 1,000 (one thousand Polish zlotys) each and the total nominal value not higher than PLN 400,000,000 (four hundred million Polish zlotys) ("K Series Bonds");

   • 200,000 (two hundred thousand) K1 series subordinated bearer nonds without a documentary form of the nominal value of PLN 1,000 _one thousand Polish zlotys) each and the total nominal value not higher than PLN 200,000,000 (two hundred million Polish zlotys) ("K1 Series Bonds").

2. The K Series Bonds and K1 Series Bonds redemption date will be October 20th, 2025.

3. The K Series Bonds and K1 Series Bonds were registered in the KDPW system and properly paid by all the investors for whom the allotment was made.

4. The issue of the K Series and K1 Series Bonds was carried out pursuant to Art. 33 (2) of the Bonds Act.