Powszechny Zaklad Ubezpieczen : Purchase of bonds issued by Polski Fundusz Rozwoju S.A. and backed by the State Treasury of the Republic of Poland

Date of preparation:	5 June 2020
Issuer's abbreviated name:	PZU SA
Current Report No. 24/2020
Subject:	Purchase of bonds issued by Polski Fundusz Rozwoju S.A. and
	backed by the State Treasury of the Republic of Poland
Legal basis:	Article 17(1) of MAR - inside information

Body of the report:

In reference to current report no. 21/2020 of 28 May 2020 concerning the resolutions adopted by the Management Board and Supervisory Board of Powszechny Zakład Ubezpieczeń na Życie Spółka Akcyjna ("PZU Życie SA"), a subsidiary of Powszechny Zakład Ubezpieczeń Spółka Akcyjna ("PZU SA") concerning the purchase of bonds issued by Polski Fundusz Rozwoju S.A. and backed by the State Treasury of the Republic of Poland, acting pursuant to Art. 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 ("Market Abuse Regulation"), the Management Board of PZU SA hereby reports that on 5 June 2020 PZU Życie SA purchased 2,000 bonds with a nominal value of PLN 1,000,000 each, issued by Polski Fundusz Rozwoju S.A. and backed by the State Treasury of the Republic of Poland for a total amount of PLN 1,993,408,760 (say: one billion nine hundred ninety-three million four hundred eight thousand seven hundred sixty zloty) with a yield of 2.04% per annum and a redemption date of 5 March 2030.

PZU Życie SA purchased these bonds for portfolios that are not held for trading.

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