PKO Bank Polski with a new Management Board for a new term

Until then, he will act as Vice-President of the management board managing the work of the Management Board. The Supervisory Board also appointed Krzysztof Dresler and Ludmiła Falak-Cyniak as vice-presidents of the Management Board of the Bank. The appointment was made as part of the qualification procedure for the positions of President and Vice-Presidents of the Management Board announced on 14 February 2024. In addition, the Supervisory Board also appointed Piotr Mazur to the Management Board as a Vice President of the Management Board. The term of office of the newly appointed Management Board will last three years (2024 - 2026).

Maciej Cieślukowski and Marek Radzikowski will remain the Members of the Management Board, as Members of the Supervisory Board delegated to temporarily act as members of the Management Board, until the qualification procedure for the remaining positions on the Management Board is completed.

– A total of two hundred candidates, both from outside and inside the organization, entered the open qualification to select the President and Vice-Presidents of the Management Board of PKO Bank Polski. The qualification procedure is being conducted in a professional, transparent manner and in accordance with the highest business standards. I am convinced that today's appointment will strengthen the position of PKO Bank Polski and make its development more dynamic. This is the expectation of both the Supervisory Board and millions of customers of the largest bank in the country

– said Katarzyna Zimnicka-Jankowska, the President of the Supervisory Board of PKO Bank Polski.

Szymon Midera, until the relevant approvals have been obtained, will act as Vice-President of the management board managing the work of the Management Board. Krzysztof Dresler, as Vice-President of the Management Board in charge of the finance and accounting area, and Ludmiła Falak-Cyniak, as the new Vice-President of the Management Board, will oversee corporate banking area. Piotr Mazur as Vice-President of the Management Board will be in charge of the risk management area.

The term of office of the new Management Board will begin on 26 March 2024, with the exception of Ludmila Falak-Cyniak, who will take up the position of Vice-President of the Management Board from 1 July 2024.

See the attached bio notes of the members of the Management Board of PKO Bank Polski.

***

PKO Bank Polski is the undisputed leader of the Polish banking sector, and the value of its assets is PLN 502 billion. The net profit of the PKO Bank Polski Group in 2023 exceeded PLN 5.5 billion. The company serves 11.9 million customers. It is the basic provider of financial services for all customer segments, achieving the highest shares in the deposits, loans and individual investment funds market. Thanks to the development of digital tools, including the IKO application, which has been activated by customers nearly 7.8 million times, PKO Bank Polski is the most mobile bank in Poland.