BANK POLSKA KASA OPIEKI SA High Bank's ratings affirmed by Standard and Poor'sthanks to strong capital and market position

Management Board of Bank Polska Kasa Opieki Spółka Akcyjna ("Bank")informs that on 22nd of December 2014 rating agency Standard & Poor's Ratings Services ("Standard & Poor's") confirmed Bank's ratings at unchanged levels.

In the result Bank's ratings are as follows:

long-term credit rating: 'BBB+'

short-term rating: 'A-2'

outlook: 'stable'

stand-alone rating: 'bbb+'

In rationale Standard & Poor's among others indicated Bank's "strong"business position, "adequate" risk and liquidity position and "average" funding.

The stable outlook of Bank's ratings reflects Standard and Poor's isconvinced that Bank's business and

financial profiles will remain unchanged over the next 18-24 months.

Review and confirmation of the rating was conducted within review ofratings of the Unicredit Group banks following downgrade of Italy's rating.

Legal basis: Section 5 subsection 1 clause 26 Finance Minister'sOrdinance of 19 February 2009 re. current and periodic reports published by the issuers of securities and the rules of equal treatment of the information required by the laws of non-member states.

More information on page: biznes.pap.pl

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