PFSA’s request to the Bank’s General Shareholders’ Meeting and notice of initiation of administrative proceedings by the PFSA

Getin Noble Bank S.A. ("Bank") hereby informs that today i.e. on 25 September 2020, it received from the Polish Financial Supervision Authority (“PFSA”) a request to the Bank’s General Shareholders’ Meeting to dismiss a Member of the Bank's Supervisory Board, Mr Leszek Czarnecki, Chairman of the Bank's Supervisory Board (“Request”), in connection with failure to meet the requirements set forth in Article 22aa of the Banking Law Act of 29 August 1997 (“Act”).

In the justification of the request, the PFSA referred to the information at its disposal concerning the ongoing investigation into the offering of bonds of GetBack S.A. via Idea Bank S.A., in which the competent Prosecutor decided to present charges to Mr Leszek Czarnecki, as the Chairman of the Supervisory Board of Idea Bank S.A.

In view of the situation, the PFSA concluded that there were grounds for submitting the Request to the Bank due to failure by the Chairman of the Bank's Supervisory Board to comply with the requirements relating to the guaranty of proper performance of duties entrusted to him, as well as honesty, integrity and independence of mind in the performance of his duties.

At the same time, the Bank informs that today, i.e. on 25 September 2020, it also received from the PFSA a notice of initiation of administrative proceedings on the suspension of Mr Leszek Czarnecki, Chairman of the Bank’s Supervisory Board, from his duties of a Member of the Bank’s Supervisory Board, until the Bank’s General Shareholders’ Meeting adopts a resolution regarding the Request, as referred to in Article 22d section 2 in conjunction with Article 22aa section 1 of the Act.

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