Date of preparation:

2021-04-07

Issuer's abbreviated name:

PZU SA

Current Report No. 5/2021

Subject:

Extension of the engagement to review and audit financial

statements

Legal basis:

Article 17(1) of MAR - inside information

Body of the report:

In reference to Current Report no. 23/2020 of 28 May 2020, the Management Board of Powszechny Zakład Ubezpieczeń Spółka Akcyjna ("PZU SA", "Company"), acting pursuant to Article 17(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, hereby reports that on 7 April 2021 the Company's Supervisory Board adopted a resolution to exercise the available option and extend the engagement for KPMG Audyt Spółka z ograniczoną odpowiedzialnością spółka komandytowa to review and audit standalone financial statements of PZU SA and consolidated financial statements of the PZU SA Group until 2023.

KPMG Audyt Spółka z ograniczoną odpowiedzialnością spółka komandytowa ("KPMG Audyt") with its registered office in Warsaw at ul. Inflancka 4A is entered by the National Chamber of Statutory Auditors in the list of audit firms under no. 3546.

The PZU SA Supervisory Board in a resolution agreed to the exercise of the option and for extension until 2023 of the engagement for KPMG Audyt for the review and audit of the standalone financial statements of PZU SA and the consolidated financial statements of the PZU SA Group, providing in particular for the performance of:

  1. audit of the annual financial statements of PZU SA and the annual consolidated financial statements of the PZU SA Group,
  2. review of the interim standalone financial statements of PZU SA and the interim consolidated financial statements of the PZU SA Group,
  3. audit of the annual solvency and financial condition report of PZU SA and the consolidated annual solvency and financial condition report of the PZU SA Group.

The above-mentioned audits and reviews will concern the financial year ended 31 December 2023.

To enable performance of the work described above, relevant annexes to the previously signed agreements will be concluded.

The existing cooperation with KPMG Audyt, pertaining to the audit of the annual standalone financial statements of PZU SA and the annual consolidated financial statements of the PZU Group, the review of the interim standalone financial statements of PZU SA and the interim consolidated financial statements of the PZU Group as well as audits of the annual solvency and financial condition reports of PZU SA and the annual consolidated solvency and financial condition reports of the PZU Group, has continued without interruption since 2014.

Legal basis: Article 17(1) of the Market Abuse Regulation - inside information.

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Disclaimer

PZU - Powszechny Zaklad Ubezpieczen SA published this content on 07 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 April 2021 13:23:03 UTC.