The Management Board of PKO Bank Polski S.A. (the "Bank") informs thatthe Bank's Supervisory Board dismissed Mr. Rafal Kozlowski from the Bank's Management Board. At the same time, the Supervisory Board decided to appoint Mr. Bartosz Drabikowski to the Bank's Management Board as its Vice President for the current joint term of office of the Bank's Management Board, which started as of 3 July 2020. In 2015-2016, he was a Member of the Board of Directors of Visa Europeand a Member of the Risk, Audit and Finance Committee. In 2006-2008, he was a member of the Management Board of Krajowa Izba Rozliczeniowa SA (National Clearing House) responsible for finance, new products in the area of electronic payments, security and risk management.