Powszechny Zaklad Ubezpiecze? Spólka Akcyjna : Management Board report on the activity of the PZU Group and PZU SA 2024

Warsaw, 26 March 2025 Management Board of Powszechny Zakład Ubezpieczeń Spółka Akcyjna

Motion to the PZU SA Ordinary Shareholder Meeting

regarding: the approval of the Management Board's report on the activity of the PZU Group and PZU SA for the accounting year ended 31 December 2024.

Content of the motion: We request that the PZU SA Ordinary Shareholder Meeting approve the Management Board's report on the activity of the PZU Group and PZU SA for the financial year ended 31 December 2024.

Reasons: The subject of the Ordinary Shareholder Meeting should be the consideration and approval of the Management Board's report on the Company's operations and the Management Board's report on the Group's operations. In addition, the Management Board's report on the Company's activity and the Management Board's report on the activity of the Group are subject to approval by the Ordinary Shareholder Meeting no later than within 6 months of the balance sheet date (pursuant to Article 395 § 1 and § 2(1) of the Commercial Company Code, in conjunction with Article 55(2a) of the Accounting Act of 29 September 1994 (as amended) and § 10(1) and § 18(1) of the Articles of Association of PZU SA). In the case of the annual report and the consolidated annual report, the reports of the management board or the managing person on the issuer's activities and on the activities of the group may be prepared in the form of a single document (in accordance with Article 55(2a) of the Accounting Act and § 71(8) of the Regulation of the Minister of Finance of 29 March 2018 on current and periodic information provided by securities issuers and on conditions under which information required by the legislation of a non-Member State). The parent company of a large group is required to present in a separate section of the report on the activity of the group with the information necessary to understand the group's impact on sustainability issues and to understand how sustainability issues affect the group's development, performance and position (according to Article 63x(1) of the Accounting Act). The PZU SA Management Board by Resolution No. UZ/54/2025 of 26 March 2025 approved, and the Supervisory Board of PZU SA by Resolution No. URN/38/2024 of 26 March 2025 positively evaluated the Management Board's report on the activity of the PZU Group and PZU SA for the financial year ended 31 December 2024, and recommended its approval to the PZU SA Ordinary Shareholder Meeting.

Present on behalf of the PZU SA Management Board: /Maciej Fedyna/ /Tomasz Kulik/

Attachment: 1) draft resolution of the PZU SA Shareholding Meeting on the approval of the Management Board's report on the activity of the PZU Group and PZU SA for the financial year ended 31 December 2024 with justifications.

Draft

RESOLUTION NO. …./2025 ADOPTED BY THE ORDINARY SHAREHOLDER MEETING OF POWSZECHNY ZAKŁAD UBEZPIECZEŃ SPÓŁKA AKCYJNA on 25 June 2025 on the approval of the Management Board's report on the activity of the PZU Group and PZU SA for the accounting year ended 31 December 2024.

Pursuant to Article 395 § 2(1) of the Commercial Company Code, in conjunction with Article 55(2a) and Article 63x(1) of the Accounting Act of 29 September 1994 (as amended) and § 18(1) of the Articles of Association of PZU SA, the PZU SA Ordinary Shareholder Meeting hereby resolves as follows:

§ 1

The Ordinary Shareholder Meeting of PZU SA approves the Management Board's report on the activity of the PZU Group and PZU SA for the financial year ended 31 December 2024, including sustainability reporting for the same period.

§ 2

The Resolution comes into force when adopted.

Chairman

of the PZU SA Ordinary Shareholder Meeting

REASONS for the draft resolution on the approval of the Management Board's report on the activity of the PZU Group and PZU SA for the accounting year ended 31 December 2024.

Pursuant to Article 395 § 2(1) of the Commercial Company Code, the subject of the Ordinary Shareholder Meeting should be the consideration and approval of the Management Board's report on the Company's activity and the Management Board's report on the Group's activity. In addition, pursuant to Article 395 § 1 and § 2(1) of the Commercial Company Code, in conjunction with Article 55(2a) et seq. of the Accounting Act of 29 September 1994 and § 10(1) and § 18(1) of the Articles of Association of PZU SA, the Management Board's report on the Company's activity and the Management Board's report on the Company's activity is subject to approval by the Ordinary Shareholder Meeting no later than 6 months after the balance sheet date.

The detailed reasons are contained in the motion of the PZU SA Management Board submitted to the Ordinary Shareholder Meeting of PZU SA on the approval of the Management Board's report on the activity of the PZU Group and PZU SA for the financial year ended 31 December 2024. The Supervisory Board of PZU SA positively PZU SA assessed the above report and recommended that the PZU SA Ordinary Shareholder Meeting approve it.

Annual Report 2024

Management Board's report on the activity of the PZU Group and PZU

SA for the accounting year ended 31 December 2024 pzu.pl

INSURANCE | HEALTH | INVESTMENTS | BANKING

Legend of iconographics used in the report

insurance banking

health policy

investments innovations

[IIRC]

International Integrated Reporting Council

[ESRS x-xx]

European Sustainability Reporting Standards

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