Bank BPH : Entry into force of the conditional resignations of the President and the members of the Management Board of Bank BPH S.A. and of the appointments of the President and members of the Management Board of BPH S.A.

Entry into force of the conditional resignations of the President and the members of the Management Board of Bank BPH S.A. and of the appointments of the President and members of the Management Board of BPH S.A.

4 November 2016

The Management Board of Bank BPH S.A. ('Bank BPH'), further to current reports of Bank BPH: (i) No. 33/2016 regarding the conditional resignation of the President of the Management Board of Bank BPH and of certain members of the Management Board of Bank BPH and the conditional appointment of a new President of the Management Board of Bank BPH S.A.; (ii) No. 41/2016 on the conditional appointment of members of the Management Board of Bank BPH S.A.; and (iii) No. 43/2016 regarding the approval by the PFSA (the KNF) of the appointment of Grzegorz Jurczyk to the position of President of the Management Board of Bank BPH, hereby announces that on 4 November 2016, in connection with the entry into the Register of Business Entities of the increase of the share capital of Alior Bank S.A. associated with the demerger of Bank BPH in accordance with Art. 529 § 1 (4) at seq. of the Commercial Companies Code, the resignations of the following members of the Management Board of Bank BPH entered into force: Richard Gaskin (acting as President of the Management Board of Bank BPH), Grażyna Utrata, Andras Bende, Mariusz Kostera, Mariusz Bondarczuk and Krzysztof Nowaczewski (acting as Vice-presidents of the Management Board of Bank BPH).

At the same time, the Management Board of Bank BPH would like to state that on 4 November 2016, in connection with the entry into the Register of Business Entities of the increase of the share capital of Alior Bank S.A. associated with the demerger of Bank BPH in accordance with Art. 529 § 1 (4) at seq. of the Commercial Companies Code, the following appointments entered into force: the appointment of Grzegorz Jurczyk, acting at present as Vice-president of the Management Board of Bank BPH, to the position of President of the Management Board of Bank BPH and the appointment of Monika Godzińska, acting at present as Managing Director in the Accounting and Reporting Department of Bank BPH, and the appointment of Małgorzata Romaniuk, acting at present as the Managing Director responsible for the Transformation of the Business Model of Bank BPH, to the positions of Vice-presidents of the Management Board of Bank BPH.

In light of the above, from 4 November 2016, the composition of the Management Board of Bank BPH is as follows:

a) Grzegorz Jurczyk - President of the Management Board;
b) Paweł Bandurski - Vice-president of the Management Board;
c) Monika Godzińska - Vice-president of the Management Board; and
d) Małgorzata Romaniuk - Vice-president of the Management Board.

Legal basis: §5 (1) (21) and (22) of the Regulation of the Minister of Finance dated 19 February 2009 on current and interim information provided by the issuers of securities and on the conditions for recognising as equivalent the information required under by the laws of a non-member state.