Bank Ochrony Srodowiska S A : CR 36/2020 Appointment of Vice President of Bank Ochrony Środowiska S.A. Management Board

Current Report 36/2020 Appointment of Vice President of Bank Ochrony Środowiska S.A. Management Board - publicised on 6 Nov. 2020.

In accordance with Par. 5 Section 5 of the Finance Minister's Ordinance of 29 March 2018 on current and periodic information presented by issuers of securities and on the terms of acceptance as equivalent of information required by the laws of a non-member state (Journal of Laws of 2018 item 757), the Management Board of Bank Ochrony Środowiska S.A. domiciled in Warsaw ("Bank") hereby informs that the Bank Supervisory Board, at its meeting of 6 November 2020 adopted a resolution on:

1. the appointment of Mr Wojciech Hann to the position of Vice President of Bank Ochrony Środowiska S.A. Management Board - for a definite period of time, i.e. from the effective date of the Supervisory Board's resolution on the appointment of the President of Bank Ochrony Środowiska S.A. Management Board, in connection of the necessity to obtain the approval of the Financial Supervision Authority (KNF) for the appointment of Mr Wojciech Hann to the position of BOŚ S.A. Management Board President;
2. entrusting Mr Wojciech Hann with the management of operations of Bank Ochrony Środowiska S.A. Management Board - for a definite period of time, i.e. until the effective date of the Supervisory Board's resolution on the appointment of Bank
   Ochrony Środowiska S.A. Management Board President;
3. application filed with the Financial Supervision Authority (KNF) for the approval of the appointment of Mr Wojciech Hann to the position of President of Bank
   Ochrony Środowiska S.A. Management Board.

This Resolution shall come into force on 9 November 2020.

The date of 9 November 2020 was the end date of the proceedings to appoint Bank Ochrony Środowiska S.A. Management Board President", which ended the period of delegating a Supervisory Board Member, Mr Emil Ślązak, to act as Management Board President.

Mr Wojciech Hann fulfils the requirements set forth in art. 22aa of the Banking Act of 29 August 1997.

Mr Wojciech Hann declared he:

• is not performing any activities competitive towards the operations of the Bank,
• is not involved in any competitive company as a partner in a civil law partnership, commercial partnership, joint-stock company;
• is not involved in any legal entity as a member of that entity's authorities,
• is not recorded in the Register of Insolvent Debtors, maintained under the Act on National Court Register of 20 August 1997.

Resumé:

Wojciech Hann graduated from the theoretical physics faculty at the University of Wrocław and MBA (finance) studies at the University of Rochester (USA). He has over

25 years of experience in investment banking and company financing. Mr Hann was involved as advisor in more than fifty transactions, primarily within the energy sector, but also within the banking, machine-building, construction, food, IT, petrochemical and multiple other sectors, both in Poland and Eastern Europe as well as in Turkey.

Between 2016 and 2019 Wojciech Hann was a Member of the Management Board of Bank Gospodarstwa Krajowego, supervising the Sales and Products Area. In 2016 he was also managing director of the capital markets department in Ipopema Securities. Prior to that, for 9 years, as a Partner in Deloitte, Mr Hann was in charge of creating and executing projects involving advisory on mergers and takeovers in Central Europe's energy sector. Between 1998 and 2007 Wojciech Hann worked in UniCredit Markets & Investment Banking / CA IB in Warsaw, and after that in Vienna, where, among others, he was director of Energy&Utilities department. Mr Hann was also part of Ernst&Young Team in Warsaw.

Legal basis

Art. 56 section 1 item 2 of the Act on public offer and terms of introducing financial instruments into organised turnover system and on public companies of 29 July 2005 and Par. 5 Section 5 in relation to Par. 10 of the Finance Minister's Ordinance of 29 March 2018 on current and periodic information presented by issuers of securities and on the terms of acceptance as equivalent of information required by the laws of a non- member state.