Bank Polska Kasa Opieki S.A. announced that on November 29, 2019 Mr. Michal Krupinski resigned from the position of the President of the Management Board of the Bank and from the composition of the Management Board of the Bank with immediate effect. On November 29, 2019 the company announced appointment of Mr. Marek Lusztyn, the current Vice President of the Management Board of the Bank supervising the activities of the Risk Management Division, as the President of the Management Board of the Bank, subject to obtaining consent of the Polish Financial Supervision Authority and upon obtaining such consent. Until the above condition is met, on which the appointment of Mr. Marek Lusztyn as the President of the Management Board of the Bank depends, the Supervisory Board of the Bank entrusted Mr. Marek Lusztyn with managing the work of the Management Board of the Bank.