Current Report 10/2021 Estimated costs of CHF loan conversion- publicised on

19 March 2021, at 14:57

The Management Board of Bank Ochrony Środowiska S.A. domiciled in Warsaw hereby informs that on 19 March 2021 it carried out an estimated analysis of costs regarding the currency conversion of mortgage loans denominated in or indexed to a foreign currency under terms and conditions proposed by Chair of the Financial Supervision Authority (KNF).

The total cost of concluding the settlements has been estimated at the level of 400m PLN and comprises additional costs of covering legal risks posed by potential lawsuits of clients who will not accept the Bank's proposal.

The decision on whether the Bank joins the settlement program proposed by the Chair of the KNF shall be made by the shareholders at the Extraordinary General Meeting to be held on 30 March 2021.

Legal basis:

Art. 17 section 1 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 (MAR).

KLAUZULA POUFNOSCI: BOŚ Wewnętrzne

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BOS - Banku Ochrony Srodowiska SA published this content on 19 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 April 2021 09:51:04 UTC.