Announcement 2/2015 Resignation of the Bank's Management Board Member

9 February 2015

Bank BPH announces that today (9th February 2015) Mr. Wilfred Mathias Seidel will resign his position as Management Board Member of Bank BPH S.A. Deputy President of the Management Board responsible for the Risk Management Division effective from 31st March 2015.

Mr. Seidel has accepted a new role as Leader of the Credit Review function for GE Capital International based in London. This is a global controllership role with specific oversight of underwriting practices in all of GE Capital International financial services businesses. His new role is based in London which enables Mr. Seidel and his family to return to their home country.

As this move has been planned for some time we are pleased to announce the appointment of Mr. Pawel Bandurski as Acting Chief Risk Officer effective from April 1st 2015. Mr. Bandurski has been with the Bank since 2003 and is currently responsible for Retail and Micro SME Risk Management. The Bank will commence the formal process of appointment of the Management Board member responsible for Risk Management.

distributed by