Bank Ochrony Srodowiska S A : CR 40/2020 Delegation of Supervisory Board Member to temporarily perform duties of Bank Ochrony Środowiska S.A. Management Board Member

Current Report 40/2020 Delegation of Supervisory Board Member to temporarily perform duties of Bank Ochrony Środowiska S.A. Management Board Member- publicised on 16 Dec. 2020.

In accordance with Par. 5 (5) of the Finance Minister's Regulation 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 Supervisory Board, at its meeting of 16 December 2020, delegated, effective from 21 December 2020, Ms Marzena Koczut, a Member of the Supervisory Board, to temporarily perform the duties of Bank Ochrony Środowiska S.A. Management Board Member until the completion of qualification proceedings regarding the position of Bank Ochrony Środowiska S.A. Management Board Member, though not later than until 21 March 2021.

Ms Marzena Koczut fulfils the requirements set forth in art. 22aa of the Banking Act of 29 August 1997.

According to a presented declaration, Ms Marzena Koczut:

• is not performing any activities competitive towards the operations of the BOŚ S.A.,
• is not involved in any competitive company as a partner in a civil law partnership or other partnership;
• is not involved in any authority of a capital company or any other legal entity competitive towards the operations of the Bank,
• is not recorded in the Register of Insolvent Debtors, maintained under the Act on National Court Register.

Ms Marzena Koczut is a graduate of Canadian Executive Master of Business Administration - CEMBA studies conducted by SGH Warsaw School of Economics in cooperation with Université du Québec à Montréal (UQAM) and is a holder of a Bachelor of Commerce diploma with an honorary mention, specialisation in Finance and Accounting, of the McGill University of Montreal, Canada.

In addition to her professional work, Marzena Koczut has fulfilled multiple training programs, including: leadership, strategic management, corporate governance, marketing, capital markets, training program for candidates for supervisory board members. She as well holds PRINCE2 certificate.

Ms Marzena Koczut is a manager with over 20 years of experience in management in various market circumstances in Poland, Central European countries and in North America. She ran projects to implement changes in companies and organisations and conducted complex restructuring processes, including optimisation and operational and cost efficiency improvement, managed interdisciplinary and international teams. Ms Koczut was ranked on the list of Top 200 most influential women - ranking of Institute of Innovative Economy (IIG) - "Women in Finance" (2015).

Having graduated from McGill University and completed a one-year internship in Toronto Dominion Bank, for over a dozen years Marzena Koczut worked in a Canadian financial institution supporting economic competitiveness Export Development Canada

(EDC), initially as Financial Analyst, later as Financial Director, Regional Director, and finally as Head of EDC Representation in Central Europe. In 2005 Marzena Koczut opened EDC Representation in Central Europe and was in charge of developing business operations in all sectors and managing an international team and operations in 6 countries: PL, SK, CZ, HU, SI, AT.

From 2010, as Vice president of Management Board of PKO BP BANKOWY Powszechne Towarzystwo Emerytalne S.A. Polska was in charge of managing sales and back-office areas. Ms Koczut's role was, among other things, to convert the Company, optimise its internal processes, shape and implement a development strategy.

Marzena Koczut successfully completed market's first takeover of Open Pension Fund (OFE Polsat taken over by PKO BP BANKOWY PTE).

Between 2016 and 2019 Ms Marzena Koczut, as Management Board President of LOTOS Lab Sp. z o.o., among others, directly managed the strategy, development and innovation division. She implemented major changes to the Company structure and ntroduced a new organisational culture. Ms Koczut prepared the Company for the role of an executor of GK LOTOS innovation strategy.

Since 2020 Ms Marzena Koczut has been Advisor to the Minister of Climate and Expert of the National Fund for Environment Protection and Water Management for financial funds and instruments regarding support of Climate Transformation programs, including: development of a private capital mobilization strategy and new financial solutions to optimise utilisation of existing funds and funds dedicated to climate transformation.

From November 2019, Supervisory Board Member, Member of Audit Committee of Polski Gaz Towarzystwo Ubezpieczeń Wzajemnych na Życie (life insurance company).

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.