Statements of Bank Polska Kasa Opieki Spółka Akcyjna regarding § 8 sec. 4 of the corporate governance rules for supervised institutions

The Management Board of Bank Pekao S.A. (hereinafter "the Bank"), informs that, in accordance with § 8 sec. 4 of the Corporate Governance Rules for Supervised Institutions issued by the Financial Supervision Authority (KNF) on 22 July 2014, striving to facilitate the participation of all shareholders in the Bank General Meetings through ensuring, among others, the possibility of electronic active participation in those General Meetings, performed the analysis concerning possibility of participation in the Ordinary General Meeting of the Bank for the year 2018 by using electronic communication means.

Taking into account the lack of possibility for the Bank to ensure the technical conditions necessary to identify the shareholders correctly and to ensure the appropriate level of security of electronic communication during the Ordinary General Meeting of the Bank for the year 2018, the Management Board of the Bank has resolved not to allow participation in this General Meeting with the use of electronic communication means, consisting of:

1) two-way on-line communication where shareholders may speak during the General Meeting while being in a place different than the place of the General Meeting;
2) voting in person or by proxy before or during the General Meeting.

At the same time, the Management Board of the Bank informs that the debates of the Ordinary General Meeting for the year 2018 shall be broadcasted on the Internet in the real time.
Should the necessary technical conditions be met in the future, the Management Board, when convening the General Meetings, shall make a decision concerning participation in the General Meeting with the use of electronic communication means also in the range indicated in points 1 and 2 above.

The Management Board of Bank Pekao S.A. (hereinafter "the Bank"), informs that, in accordance with § 8 sec. 4 of the Corporate Governance Rules for Supervised Institutions issued by the Financial Supervision Authority (KNF) on 22 July 2014, striving to facilitate the participation of all shareholders in the Bank General Meetings through ensuring, among others, the possibility of electronic active participation in those General Meetings, performed the analysis concerning possibility of participation in the Ordinary General Meeting of the Bank for the year 2017 by using electronic communication means.

Taking into account the lack of possibility for the Bank to ensure the technical conditions necessary to identify the shareholders correctly and to ensure the appropriate level of security of electronic communication during the Ordinary General Meeting of the Bank for the year 2017, the Management Board of the Bank has resolved not to allow participation in this General Meeting with the use of electronic communication means, consisting of:

1) two-way on-line communication where shareholders may speak during the General Meeting while being in a place different than the place of the General Meeting;
2) voting in person or by proxy before or during the General Meeting.

At the same time, the Management Board of the Bank informs that the debates of the Ordinary General Meeting for the year 2017 shall be broadcasted on the Internet in the real time.
Should the necessary technical conditions be met in the future, the Management Board, when convening the General Meetings, shall make a decision concerning participation in the General Meeting with the use of electronic communication means also in the range indicated in points 1 and 2 above.