Legal basis:

Article 17(1) of the MAR

Contents of the report:

The Management Board of PKO Bank Polski Spółka Akcyjna (the 'Bank') hereby informs that on April 19th 2018 the Bank unilaterally terminated the guarantee agreement providing an unfunded credit protection to a portfolio of selected corporate exposures of the Bank, and announced by the Bank in its current report No. 51/2017 (the 'Guarantee').

The Guarantee was unilaterally terminated by the Bank without giving a cause, pursuant to the provisions of the Guarantee Agreement and in accordance with its terms.

Pursuant to the Guarantee Agreement, as a consequence of its unilateral termination by the Bank, the Guarantee will expire on April 24th 2018.

In addition, the Management Board informs that the expected impact of the termination of the guarantee agreement on the TCR at the Group level will amount to approx. -0.38 p.p.

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PKO Bank Polski SA published this content on 19 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 19 April 2018 14:46:07 UTC