PricewaterhouseCoopers Polska spółka z ograniczoną odpowiedzialnością Audyt sp. k. , ul. Polna 11, 00-633 Warsaw, Poland, T: +48 (22) 746 4000,

www.pwc.pl

PricewaterhouseCoopers Polska spółka z ograniczoną odpowiedzialnością Audyt sp. k. is entered into the National Court Register maintained by the District Court for the Capital City of Warsaw, under KRS number 0000750050, NIP 526-021-02-28. The seat of the Company is in Warsaw at Polna 11.

TRANSLATORS’ EXPLANATORY NOTE The English content of this report is a free translation of the statutory auditor’s report of the below-mentioned Polish Company. In Poland statutory accounts as well as the auditor’s report should be prepared and presented in Polish language and in accordance with Polish legislation, and the accounting principles and practices generally adopted in Poland. The accompanying translation has not been reclassified or adjusted in any way to conform to the accounting principles generally accepted in countries other than Poland, but certain terminology current in Anglo-Saxon countries has been adopted to the extent practicable. In the event of any discrepancies in interpreting the terminology, the Polish language version is binding.

Independent Statutory Auditor’s Report

To the General Shareholders’ Meeting and the Supervisory Board of Bank Polska Kasa Opieki S.A.

Report on the audit of separate financial statements

Our opinion

In our opinion, the accompanying annual separate financial statements:

• give a true and fair view of the separate financial position of Bank Polska Kasa Opieki S.A. (the “Bank”) as at 31 December 2024 and the Bank’s separate financial performance and the separate cash flows for the year then ended in accordance with the applicable International Financial Reporting Standards as adopted by the European Union and the adopted accounting policies;

• comply in terms of form and content with the laws applicable to the Bank and the Bank’s Articles of Association;

• have been prepared on the basis of properly maintained books of accounts in accordance with the provisions of Chapter 2 of the Accounting Act of 29 September 1994 (the “Accounting Act”).

Our opinion is consistent with our additional report to the Audit Committee of the Bank issued on the date of this report.

What we have audited

We have audited the annual separate financial statements of Bank Polska Kasa Opieki S.A. which comprise:

• the separate statement of financial position as at 31 December 2024;

and the following prepared for the financial year then ended:

• the separate statement of profit or loss and other comprehensive income;

• the separate statement of changes in equity;

• the separate cash flow statement, and

• the notes to separate financial statements, comprising material accounting policy information and other explanatory information.

Basis for opinion

We conducted our audit in accordance with the National Standards on Auditing as adopted by the resolutions of the National Board of Statutory Auditors and the resolution of the Council of the Polish Agency for Audit Oversight (“NSA”) and pursuant to the Act of 11 May 2017 on Statutory Auditors, Audit Firms and Public Oversight (the “Act on Statutory Auditors”) and the Regulation (EU) No. 537/2014 of 16 April 2014 on specific requirements regarding the statutory audit of public interest entities (the “EU Regulation”). Our responsibilities under NSA are further described in the Auditor’s responsibilities for the audit of the separate financial statements section.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Independence

We are independent of the Bank in accordance with “the Handbook of the International code of ethics for professional accountants (including International independence standards) (“Code of ethics”) as adopted by resolution of the National Board of Statutory Auditors and other ethical requirements that are relevant to our audit of the separate financial statements in Poland. We have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of ethics. During the audit, the key statutory auditor and the audit firm remained independent of the Bank in accordance with the independence requirements set out in the Act on Statutory Auditors and in the EU Regulation.

Our audit approach

Overview

• The overall materiality threshold adopted for our audit was set at PLN 405 million, which represents 5% of the profit before tax.

• All material items included in the separate financial statements were subject to our audit procedures.

• Estimation of the expected credit losses in the portfolio of loans and advances to customers

• Legal risk of mortgage loans in CHF

Materiality

Group scoping

Key audit matters

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As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the separate financial statements. In particular, we considered where the Bank’s Management Board made subjective judgements; for example, in respect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits we also addressed the risk of management override of internal controls, including among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud.

We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the separate financial statements as a whole, taking into account the structure of the Bank, the accounting processes and controls, and the industry in which the Bank operates.

Materiality

The scope of our audit was influenced by our application of materiality. An audit is designed to obtain reasonable assurance whether the separate financial statements are free from material misstatement. Misstatements may arise due to fraud or error. They are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the separate financial statements.

Based on our professional judgement, we determined certain quantitative thresholds for materiality, including the overall materiality for the separate financial statements as a whole , as set out in the table below. These, together with qualitative considerations, helped us to determine the scope of our audit and the nature, timing and extent of our audit procedures and to evaluate the effect of misstatements, if any, both individually and in aggregate on the separate financial statements as a whole.

Overall materiality

PLN 405 million

How we determined it

Approx. 5% of profit before tax

Rationale for the materiality benchmark applied

We chose profit before tax as the benchmark because, in our view, it is the benchmark against which the performance of the Bank is most commonly measured by users, and is a generally accepted benchmark. We chose 5% because, based on our professional judgment, it falls within the range of acceptable quantitative materiality thresholds.

We agreed with the Audit Committee of the Bank that we would report to them misstatements of the separate financial statements identified during our audit above PLN 20,3 million, as well as misstatements below that amount that, in our view, warranted reporting for qualitative reasons.

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Key audit matters

Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the separate financial statements of the current period. They include the most significant identified risks of material misstatements, including the identified risks of material misstatement resulting from fraud. These matters were addressed in the context of our audit of the separate financial statements as a whole, and in forming our opinion thereon. We do not provide a separate opinion on these matters.

Key audit matter

How our audit addressed the key audit matter

Estimation of the expected credit losses in the portfolio of loans and advances to customers

In accordance with International Financial Reporting Standard 9 Financial Instruments (“IFRS 9”), the Management Board is required to determine the value of expected credit losses (“ECL”) that may occur over a 12-month period or in a lifetime horizon of a financial asset, depending on the classification of individual assets into risk categories (“Stages”), taking into account the impact of future macroeconomic conditions on the level of credit risk provisions.

The Bank's credit portfolio includes exposures for which the level of expected credit losses is estimated:

• individually for individually significant credit exposures and

• using the portfolio method using statistical models, for each of the homogeneous portfolios identified by the Bank.

Expected credit losses as at 31 December 2024 amounted to PLN 5,286 million in the portfolio of loans and advances to customers with a gross value of PLN 158,628 million. Estimating the level of the allowance for expected credit losses requires the application of a significant judgment with respect to the identification of impaired loans and significant increases in credit risk, the assessment of the customer’s credit quality, the value of collateral, and expected recoveries.

Management monitors the performance of the models by comparing the results estimated by the models to actual credit losses (backtesting procedures) to ensure that the level of the

As part of our procedures, we gained an understanding of the internal control policies and procedures relating to the recognition and calculation of expected credit losses, and we verified the effectiveness of selected key controls implemented by the Bank, in particular:

• procedures for entering customer data used for the calculation of expected credit losses;

• procedures for the timely and complete identification of significant increases in credit risk (Stage 2) and impairment (Stage 3).

We also assessed whether the methodology used by the Bank to estimate allowances for expected losses is consistent with the requirements of IFRS 9. In particular, we assessed the Bank’s approach to applying the significant increases in credit risk identification criteria, the definition of default, the probability of default (“PD”) parameters, the loss given default (“LGD”) and taking into account forecasted macroeconomic information when calculating expected credit losses.

For individually immaterial loans and advances that are assessed for impairment on a portfolio basis, we performed, in particular, the following procedures:

• assessment of the Bank’s assumptions and expert adjustments used in the model;

• critical analysis of key judgments and assumptions, including macroeconomic scenarios and assumed probabilities of individual scenarios;

• independent tests of credit risk parameters;

• sample-based verification of the assignment of exposures to the appropriate Stages.

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allowance for expected credit losses on loans and advances to customers is appropriate.

The Bank uses large amounts of data in its expected credit loss models, and therefore the completeness and reliability of data can significantly impact the accuracy of the calculation of the allowance for expected credit losses. We considered the estimation of the allowance for expected credit losses for the loan and advances portfolio to be a key audit matter due to:

• the significant judgment applied by Management in modeling future scenarios and forecasting macroeconomic variables, and in assuming the likelihood of each scenario occurring;

• the high degree of uncertainty associated with the estimation of the allowance for expected credit losses;

• the complexity of the audit procedures and audit evidence obtained due to the level of complexity of the calculations and the amount of data used to estimate the allowance for expected credit losses.

Note 9 Net allowance for expected credit losses, Note 19 Loans and advances to customers, Note 42.2. Risk management and fair value – Credit risk in the separate financial statements contain detailed information on the methods and models used and the level of expected credit losses in the portfolio of loans and advances to customers.

We engaged our internal credit risk modelling specialists to perform the above procedures.

As part of the work on exposures analysed individually, we performed the following procedures:

• we applied our professional judgment in selecting the sample, taking into account various risk criteria;

• for selected loans and advances, we checked the classification into Stages as at the balance sheet date;

• for selected impaired loans and advances (Stage 3), we tested the assumptions used in calculating impairment losses, in particular the anticipated scenarios and their assigned probabilities, and the dates and amounts of expected cash flows, including cash flows from repayments and realisation of collateral.

In addition, we performed the following procedures:

• reconciled selected input data used to determine default parameters and estimate expected credit losses;

• recalculated expected credit losses on a sample of credit exposures;

• we performed analytical procedures in the scope of credit portfolio coverage with expected credit losses and their changes during the audited year and transfer of exposures between baskets;

• we performed an analysis of events after the balance sheet date in terms of the potential need to make adjustments to the estimates of expected losses at the balance sheet date;

• we analyzed the results of the sensitivity analysis conducted by the Management Board of the level of allowances for expected credit losses as a result of deterioration or improvement in risk parameters.

We also assessed the adequacy and completeness of disclosures in the separate financial statements in accordance with the applicable accounting standards.

Legal risk of mortgage loans in CHF

As at the balance sheet date, the Bank had a portfolio of mortgage loans denominated and

As part of our audit, we assessed whether the accounting approach applied by the Bank is consistent with IFRS 9 and IAS 37. Due to the change in the accounting policy regarding the

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indexed to CHF in the total gross amount of PLN 1,245 million before taking into account the reduction of contractual cash flows due to legal risk.

As described in Note 42.3 Risk management and fair value – Legal risk related to foreign currency mortgage loans in CHF of the separate financial statements, the loan agreements on the basis of which these loans were granted contain clauses challenged by customers in court on charges of abusiveness. At present, a negative trend for banks is observed in relation to court judgments, which affects both the increase in the estimated probability of unfavorable decisions in disputes for banks and the increase in expected future court cases.

As described in Note 42.3, since 2 October 2023, the Bank has been entering into voluntary settlements with customers. Settlements with customers result in the setting of a new debt balance, expressed in PLN and calculated as the amount of the loan paid by the Bank, increased by contractual interest accrued at a fixed interest rate of 2% per annum and reduced by all repayments made by the borrower until the settlement was concluded.

As at the balance sheet date, the Bank estimated the costs to cover legal risk, both for the active portfolio and for loans repaid before the balance sheet date. In the separate financial statements, the Bank recognized the estimate of these costs, for active loans based on point B5.4.6 of IFRS 9 by adjusting the gross carrying amount of the portfolio by reducing contractual cash flows from mortgage loans in CHF, and in the case where the estimated loss from legal risk exceeds the gross carrying amount of the loan for repaid loans, as well as in relation to costs related to a potential loss of a legal dispute, including statutory interest, by recognizing a provision in accordance with International Accounting Standard 37 Provisions, Contingent Liabilities and Contingent Assets (“IAS 37”). The estimated level of reduction of the gross carrying amount of the active portfolio as at 31 December 2024 amounted to PLN 1,050 million, while the level of provisions created amounted to PLN 1,135 million.

recognition of legal risk, we began our work by understanding and assessing the changes in the methodology for estimating losses on legal risk of CHF mortgage loans.

We focused on assessing the Bank’s approach to estimating the costs of legal risk of CHF mortgage loans, as well as the scope of disclosures included in the separate financial statements.

Our procedures were mainly focused on critically assessing the methodology and individual assumptions adopted by the Management Board that have a significant impact on the level of reduction of the gross carrying amount of the portfolio and recognised provisions.

In particular, we carried out the procedures listed below:

• we assessed the design and implementation of monitoring and internal controls as part of legal risk management and in the process of estimating the reduction of the gross carrying amount of the portfolio and recognised provisions;

• we conducted discussions with the Management Board and specialists, including the Bank’s lawyers, on the adopted assumptions taking into account historical observations;

• we analysed the documentation and legal opinions as well as historical data concerning previous court judgments for the purposes of estimating the probability of losing court disputes;

• we analysed the methodology documentation;

• we analysed the results of the backtesting of the methodology for estimating the costs of legal risk of mortgage loans in CHF;

• credibility procedures:

o we verified on a sample the restatements in connection with the change in the methodology for recognising the impact of legal risk;

o we analysed the results of the settlement programme conducted;

o we verified the assumptions adopted by the Bank regarding the expected resolutions of court cases, together with the estimation of the probability of these resolutions based on the current line of

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The costs of legal risk of CHF mortgage loans were estimated using a statistical method, taking into account the forecast of future disputes, the probability of losing the cases and the financial effects of current and future cases in the time horizon in which the Bank is exposed to such risk and taking into account the settlement program.

Estimates of the costs of legal risk of CHF mortgage loans are complex and require a significant judgment, in particular with respect to the assumptions regarding:

• the forecasted number of future lawsuits for both active and repaid loans, due to the significant historical variability of the number of lawsuits received and the uncertainty as to the willingness of customers to file a lawsuit in the future;

• the financial effects of the resolutions of current and future lawsuits;

• the forecasted duration of lawsuits, which is the basis for estimating the level of statutory interest.

Due to the change in accounting policy regarding the recognition of the impact of legal risk resulting from court proceedings, the significant impact on the Bank's result, the complexity and uncertainty of the assumptions adopted to estimate the costs of legal risk of CHF mortgage loans, we considered this area to be a key audit matter.

Note 42.3 Risk management and fair value – Legal risk related to CHF mortgage loans, Note 19 Loans and credits loans granted to customers contain detailed information on the assumptions used to calculate the adjustment to the gross carrying amount of the CHF mortgage loan portfolio and the provisions made, as well as the possible alternative outcomes presented in the sensitivity analysis of the estimate.

court case law;

o we verified the method of calculating the value of potential losses under the scenario assumed by the Bank of losing court cases (cancellation);

o we verified the data entered into the statistic model used to estimate the probability of future lawsuits in relation to active loans and repaid loans;

o we verified the assumptions for estimating the provisions for statutory interest;

o we checked the correctness and completeness of the data constituting the basis for the calculations performed in the Bank's methodology (by applying detailed testing regarding the completeness and correctness of the input data to the model);

o we confirmed on a sample, the mathematical correctness of the model calculations;

o we verified on a sample the correctness of the settlement of the concluded settlements and final;

o we analyzed the methodology for determining the impact of CHF loans on future tax liabilities and the calculation of the deferred tax asset.

We also assessed the adequacy and completeness of the disclosures in the separate financial statements in accordance with the applicable accounting standards, including disclosures regarding the restatement of comparative data.

Responsibility of the Management of the Bank for the separate financial statements

The Management Board of the Bank is responsible for the preparation, based on the properly maintained books of accounts of the annual separate financial statements that give a true and fair view of the Bank financial position and results of operations, in accordance with International Financial Reporting Standards as adopted by the European Union, the adopted accounting policies, the applicable laws and Bank’s Articles of Association, and for such internal control as the Bank’s

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Management Board determines is necessary to enable the preparation of separate financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the separate financial statements, the Bank’s Management Board is responsible for assessing the Bank’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Bank’s Management Board either intends to liquidate the Bank or to cease operations, or has no realistic alternative but to do so.

The Bank’s Management Board and members of the Supervisory Board are obliged to ensure that the separate financial statements comply with the requirements specified in the Accounting Act. Members of the Supervisory Board are responsible for overseeing the financial reporting process.

Auditor’s responsibility for the audit of the separate financial statements

Our objectives are to obtain reasonable assurance about whether the separate financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the NSA will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence economic decisions of users taken on the basis of these separate financial statements.

The scope of the audit does not include an assurance on the Bank’s future profitability nor the efficiency and effectiveness of conducting its affairs by the Bank’s Management Board, now or in future.

As part of an audit in accordance with NSA, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

• identify and assess the risks of material misstatement of the separate financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control;

• obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Bank’s internal control;

• evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Bank’s Management Board;

• conclude on the appropriateness of the Bank’s Management Board’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Bank’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the separate financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Bank to cease to continue as a going concern;

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• evaluate the overall presentation, structure and content of the separate financial statements, including the disclosures, and whether the separate financial statements represent the underlying transactions and events in a manner that achieves fair presentation;

We communicate with the Audit Committee of the Bank regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide the Audit Committee of the Bank with a statement that we have complied with relevant ethical requirements regarding independence, and communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, actions taken to eliminate threats or safeguards applied.

From the matters communicated to the Audit Committee of the Bank, we determine those matters that were of most significance in the audit of the separate financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Other information

Other information comprise:

• a Report on the operations of the Bank Pekao S.A. Group for the financial year ended 31 December 2024 prepared togerther with the report on the operations of Bank Pekao S.A. (“the Report on the operations”) and the corporate governance statement which is a separate part of the Report on the operations,

• other documents comprising the Annual Report for the financial year ended 31 December 2024 (“the Annual Report”),

(together “Other Information”) .

Other information does not include the financial statements and our auditor’s report thereon.

Responsibility of the Management and Supervisory Board of the Bank

The Management Board of the Bank is responsible for the preparation of the Other Information in accordance with the law.

The Bank’s Management Board and the members of the Supervisory Board are obliged to ensure that the Report on the operations including its separate part complies with the requirements of the Accounting Act.

Statutory auditor’s responsibility

Our opinion on the separate financial statements does not cover the Other Information.

In connection with our audit of the separate financial statements, our responsibility under NSA is to read the Other Information and, in doing so, consider whether the Other Information is materially inconsistent with the information in the separate financial statements, our knowledge obtained in our

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audit, or otherwise appears to be materially misstated. If, based on the work performed, we identified a material misstatement in the Other Information, we are obliged to inform about it in our audit report.

In accordance with the requirements of the Act on the Statutory Auditors, we are also obliged to issue an opinion on whether the Report on the operations, to the extent not related to sustainability reporting, has been prepared in accordance with the law, is consistent with information included in annual separate financial statements and to issue a statement as to whether, in the light of the knowledge about the Bank and its environment obtained during the audit, any material misstatements have been identified in the Report on the operations to the extent not related to sustainability reporting, and an indication of what any such material misstatement is.

Moreover, we are obliged to issue an opinion on whether the Bank provided the required information in its corporate governance statement .

In addition, we are required to audit the financial information included in item 8 of the Report on the operations in accordance with the scope described in this audit report and the requirements of the act of 29 August 1997 on the banking law (“the Banking Law”).

Statement on the Other information

We declare, based on the knowledge of the Bank and its environment obtained during our audit, that we have not identified any material misstatements in the Report on the operations, to the extent not related to sustainability reporting, and in the remaining Other information.

The Report on the operations, to the extent related to sustainability reporting, for the financial year ended 31 December 2024 was the subject of a separate limited assurance engagement, from which a report was issued on 26 February 2025, containing unmodified opinion.

As part of our procedures under the NSA, we also have not identified any material misstatements in the Report on the operations, to the extent related to sustainability reporting.

Opinion on the Report on the operations to the extent not related to sustainability reporting

Based on the work we carried out during our audit, in our opinion, the Report on the operations, to the extent not related to sustainability reporting:

• has been prepared in accordance with the requirements of Article 49 of the Accounting Act and para. 70 of the Regulation of the Minister of Finance dated 29 March 2018 on current and periodical information submitted by issuers of securities and conditions for considering as equivalent the information required under the legislation of a non-Member State (“Regulation on current information”) and Article 111a(1–2) of the Banking Law;

• is consistent with the information in the separate financial statements.

Opinion on the corporate governance statement

In our opinion, in its corporate governance statement, the Bank included information set out in para. 70.6 (5) of the Regulation on current information. In addition, in our opinion, information specified in paragraph 70.6 (5)(c)–(f), (h) and (i) of the said Regulation included in the corporate governance statement are consistent with the applicable provisions of the law and with information included in the separate financial statements.

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Report on other legal and regulatory requirements

Information on compliance with prudential regulations

The Management Board of the Bank is responsible for complying with the applicable prudential regulations set out in separate legislation, and in particular, for correct determination of the capital ratios.

The capital ratios as at 31 December 2024 have been presented in Note 42.8 of the separate financial statements and include core Tier 1 capital ratio, Tier 1 capital ratio and the total capital ratio.

We are obliged to inform in our report on the audit of the separate financial statements whether the Bank has complied with the applicable prudential regulations set out in separate legislation, and in particular, whether the Bank has correctly determined its capital ratios. For the purposes of the said information, the following legal acts are understood as separate legislation: Regulation (EU) no. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012, as amended (“CRR”), the Banking Law and the Act of 5 August 2015 on macro-prudential supervision over the financial system and on crisis management in the financial system (“the Act on macro-prudential supervision”).

It is not the purpose of an audit of the separate financial statements to present an opinion on compliance with the applicable prudential regulations specified in the separate legislation specified above, and in particular, on the correct determination of the capital ratios, and therefore, we do not express such an opinion.

Based on the work performed by us, we inform you that we have not identified:

• any cases of non-compliance by the Bank with the applicable prudential regulations set out in separate legislation referred to above, in the period from 1 January to 31 December 2024;

• any irregularities in the determination by the Bank of the capital ratios as at 31 December 2024 in accordance with the separate legislation referred to above;

which would have a material impact on the separate financial statements.

Statement on the provision of non-audit services

To the best of our knowledge and belief, we declare that the non-audit services prohibited under Article 5(1) of the EU regulation and Article 136 of the Act on Statutory Auditors were not provided and the non-audit services that we provided to the Bank and its controlled entities within the European Union are in accordance with the applicable laws and regulations in Poland.

The non-audit services which we have provided to the Bank and its controlled entities within the European Union during the period from the beginning of the audited period to the date of issuing this report are disclosed in the Report on the Bank’s operations.

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Appointment

We have been appointed to audit the annual separate financial statements of the Bank by the Resolution of the Supervisory Board of the Bank of 7 November 2023. The separate financial statements of the Bank were audited by us for the first time.

The Key Statutory Auditor responsible for the audit on behalf of PricewaterhouseCoopers Polska spółka z ograniczoną odpowiedzialnością Audyt sp.k., a company entered on the list of audit firms with the number 144., is Agnieszka Accordi.

Original report is signed in Polish language

Agnieszka Accordi

Key Statutory Auditor

No. in the registry 11665

Warsaw, 26 February 2025