The Management Board of PKO Bank Polski S.A. ("the Bank") informed that on 14 January 2021 it received the position of Polish Financial Supervision Authority ("PFSA") regarding the individual recommendation for the Bank in which the PFSA recommends: the suspension of payment of dividends in the first half of 2021(including undistributed profit from previous years); and not to take, in the first half of 2021, without prior consultation with the supervisory authority, any other activities beyond the scope of current business and operating activities, which may result in a reduction of the capital base, including buybacks of own shares. PFSA expects submission of the position of the Bank's Management Boardand the Supervisory Board, regarding the received recommendation.