Information on the Bank's ratings

Getin Noble Bank S.A. (the “Bank”) informs that on 19 October 2021 the Fitch Ratings agency (“the Agency”) published the information on the Bank's ratings.

The Agency confirmed that the following ratings have been maintained at their current levels:

• Long-Term Issuer Default Rating (IDR) at the level of: CCC
• Ntional Long-Term Rating at the level of: B (pol)
• Short-Term Issuer Default Rating (IDR) at the level of: C
• National Short-Term Rating at the level of: B (pol)
• Support Rating at the level of: "5"
• Support Rating Floor at the level of: “No Floor”

The outlook for National Long-Term Rating was specified as negative.

At the same time, the Agency informed about the reduction of the Bank's:

• individual Viability Rating (VR) from the level: ccc to cc

The Agency informed about the removal of the Bank's ratings from the watch list with negative indication (the so-called Rating Watch Negative). The Bank informed about the entry in the said list in the current report No 5/2021 of 23 February 2021.

The Agency's decision to change the rating is a consequence of the announcement by the Bank of a decrease in its Tier 1 capital ratio below the threshold referred to in Article 92(1)(b) of 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.

The Bank points out that the incident of violating the level of the ratio, which became the basis for the said decision of the Agency, was mainly due to external factors, independent of the Bank's operating activity, i.e. in the evident appreciation of the Swiss franc exchange rate observed for a long time and unfavourable changes in market valuations of treasury securities held by the Bank.

The Bank emphasises that it monitors the current economic situation on an ongoing basis and makes decisions aimed to adapt, in the best possible way, its functioning to the constantly changing environment and to ensure the security and safety of all of its stakeholders, in particular its clients. The Bank takes active measures to adapt, in the best possible way, its functioning to the constantly changing environment and warrants that it is implementing all measures necessary to improve capital ratios.

The Bank informed about the above in the current report No 22/2021 of 12 October 2021.

Legal basis: Article 17(1) of Regulation No 596/2014 of the European Parliament and of the Council of 16 April 2014 (MAR Regulation).