Powszechna Kasa Oszczednosci Bk Plski : Current Report No. 21/2017 – Submission of the draft resolutions to the agenda of the Annual General Meeting of PKO Bank Polski S.A. convened for 22 June 2017

Legal basis:

Paragraph 38.1.5 of the Ordinance of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and on conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state

The report:

The Management Board of PKO Bank Polski S.A. ('Bank') informs that the Bank received from the State Treasury represented by the Ministry of Development and Finance ('State Treasury'), as a shareholder representing more than 5% of the Bank's share capital, a draft of resolutions to the agenda of the Bank's Annual General Meeting convened for 22 June 2017 related to:

• the point 10 of the agenda concerning adoption resolutions on changes of the Supervisory Board,
• the point No. 11 of the agenda concerning adoption a resolution on amendments to the Articles of Association of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna,

submitted pursuant to art. 401 § 4 of the Commercial Companies Code.

Draft resolutions of the Annual General Meeting, submitted by the State Treasury as a shareholder, constitutes the annex to this report.

The amendments to the Bank's Articles of Association, mentioned in point 2 above presented by the State Treasury require the authorization of the Polish Financial Supervision Authority.