Bank Polska Kasa Opieki S.A. (the "Bank"), hereby informs that the Bank's Management Board of 18 June 2024 adopted resolution regarding the early redemption of series SP1 senior preferred bonds of the Bank (the "series SP1 SP Bonds"), in accordance with the series SP1 SP Bonds Issue Terms and Conditions. The early redemption will take place on the Early Redemption Date falling on 28 July 2024 (“Early Redemption Date”) and will cover all the series SP1 SP Bonds issued, i.e. 1,500 series SP1 SP Bonds at their nominal value, for the total amount of PLN 750,000,000. On the Early Redemption Date, the Bank will pay the Bondholders an amount equal to the sum of the nominal value of the series SP1 SP Bonds and the amount of interest accrued from the start date of the Interest Period (inclusive) to the Redemption Date (exclusive) (“Redemption Amount”). The Redemption Amount will be paid to the Bondholders who will hold the series SP1 SP Bonds on the date of determining the right to the interest, i.e. 24 July 2024.

The series SP1 SP Bonds will be redeemed through and in accordance with the regulations of the Central Securities Depository of Poland (KDPW).

Moreover, the Bank's Management Board of 18 June 2024 adopted resolution expressing consent to the issue of senior preferred bonds with a planned total nominal value not exceeding PLN 500,000,000 (in words: five hundred thousand zlotys) (the “Bonds”). The final total nominal value of the Bonds may be increased by the Management Board of the Bank in case of significant investor interest expressed in the course of book-building process. The Bonds will constitute eligible liabilities of the Bank within the meaning of Article 97a (1) pt. 2) of the Act on the Bank Guarantee Fund, Deposit Guarantee System and Forced Restructuring of 10 June 2016.

The nominal value of one Bond will be PLN 500,000 (in words: five hundred thousand zlotys). The Bonds will be unsecured. The detailed terms of the issue and the exact size of the issue of Bonds will be determined at a later date, about which the Bank will inform in a separate current report, taking into account inter alia results of the book-building process among investors and the situation on the bond market.

The Bonds may be issued in one or more series. The offer of Bonds will be carried out exclusively on the territory of Poland. The Bonds will be offered in a manner which shall not trigger the obligation to draw up a prospectus, because the Bonds will be issued in accordance with Article 33 point 1) of the Act of 15 January 2015 on bonds, and proposals for the purchase of Bonds will be addressed solely to qualified investors only within the meaning of art. 2 letter e of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market and repealing Directive 2003/71/EC.

The considered time of the commencement of Bonds issue process is June 2024, subject to the reservation that it depends on the situation on the bond market.

Legal basis: Article 17.1 of MAR – inside information