Bank BPH : The Polish Financial Supervision Authority decisions related to Bank BPH demerger

The Polish Financial Supervision Authority decisions related to Bank BPH demerger

5 August 2016

The management board of Bank BPH S.A. ('Bank BPH'), further to Bank BPH's current report No. 10/2016 dated 1 April 2016, current report No. 12/2016 dated 30 April 2016, current report No. 24/2016 dated 25 June 2016, current report No. 26/2016 dated 30 June 2016, current report No. 28/2016 dated 19 July 2016, current report No. 29/2016 dated 25 July 2016 and current report No. 31/2016 dated 29 July 2016, hereby announces that on 5 August 2016, Bank BPH received a decision issued by the Polish Financial Supervision Authority (the 'PFSA') dated 4 August 2016 in accordance with Art. 34 sect. 2 of the Polish Banking Law approving the amendments to the Articles of Association of Bank BPH in connection with the intended demerger of Bank BPH in accordance with the procedure stipulated in Article 529 § 1 Section 4 of the Commercial Companies Code (the 'Demerger') regarding the amendments to the Articles of Association of Bank BPH related to the decrease of the share capital of Bank BPH related to the Demerger.

The receipt by Bank BPH of the above-mentioned decision of the PFSA together with the receipt of the decision of the PFSA referred to in current report No. 29/2016 dated 25 July 2016 constitutes the fulfilment of the last of the conditions for the Demerger as set out in section 3.2 of the Demerger plan.

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