Bank BPH : Information on the resolution adopted by the extraordinary general meeting of Alior Bank S.A. regarding the demerger of Bank BPH S.A.

Information on the resolution adopted by the extraordinary general meeting of Alior Bank S.A. regarding the demerger of Bank BPH S.A.

29 July 2016

The Management Board of Bank BPH S.A. ('Bank BPH'), further to Bank BPH's current report No. 10/2016 dated 1 April 2016, No. 12/2016 dated 30 April 2016, No. 24/2016 dated 25 June 2016, No. 26/2016 dated 30 June 2016, No. 28/2016 dated 19 July 2016 and No. 29/2016 dated 25 July 2016 hereby announces that today, it became aware that the extraordinary general meeting of Alior Bank S.A. on 29 July 2016 adopted resolution regarding the demerger of Bank BPH to be effected by way of the transfer of an organised part of the enterprise of Bank BPH connected with the pursuit of Bank BPH's business other than its mortgage business to Alior Bank S.A. in accordance with the procedure described in Article 529 § 1 Item 4 of the Commercial Companies Code (the 'Demerger').

The adoption of the above-mentioned resolution is one of the requirements for the Demerger set out in section 3.3 of the Demerger plan.

Legal basis: Art. 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.