ALIOR BANK : Signing of the Letter of Intent with Bank Polska Kasa Opieki S.A. on commencement of preliminary discussions on cooperation

Company: Alior Bank S.A. Current report No.: 62/2017 Date: October 24th, 2017

With reference to the current report no. 61/2017 of 24 October 2017 regarding adoption of a decision on analyzing business combination opportunities, the Management Board of Alior Bank S.A., acting under Art. 17.1 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse ("Market Abuse Regulation", "MAR") hereby informs that on 23 October 2017, Alior Bank S.A. and Bank Polska Kasa Opieki S.A. (the "Parties") signed a letter of intent regarding their wish to enter into preliminary discussions concerning potential cooperation strategies that they could develop in order to bring additional value to their shareholders and clients, which could lead to preliminary discussions and analysis, including potential and upon applicable authorisations, exchange of information, concerning the feasibility of cooperation through various potential arrangements ("Letter of Intent").

The Management Board of Alior Bank S.A. underlines that for the time being, no decisions regarding the choice of the potential co-operation scenario as well as its terms and conditions were made. The work performed so far is not conclusive for the Management Board of Alior Bank S.A. to recommend any potential co-operation scenario.