Information on factors affecting the performance of the Bank and the Group

Getin Noble Bank S.A. (the “Bank”, “Issuer”) informs that during the preparation of the financial statements for 2018, the following factors, having jointly significant impact on consolidated and separate financial performance and equity of the Issuer, have been identified:

1. Recognition of capital investment write-downs in subsidiaries and associated entities and shares in their profit/loss, which will reduce the Issuer’s gross financial result for Q4 2018 by PLN 72 million.
2. In view of the ongoing merger process between the Issuer and Idea Bank S.A., write-down of an asset due to deferred income tax in the amount of PLN 98 million relating to unused tax losses of the Issuer from previous years (the amount of the dissolved asset will reduce the net financial result of the Issuer) and cessation of recognition of the asset due to deferred income tax as regards the negative valuation of the block of shares held in Idea Bank S.A. (impact on reduction of equity by PLN 27 million).
3. In connection with currently observed market practices as regards deferring the cost of selling bank accounts and savings products contracts and interpretations to the applicable IASs/IFRSs, change of the method of recognising the cost incurred on sale of bank accounts and savings products, as a result of which the Issuer’s equity will be reduced by PLN 32 million as at 31.12.2018.

The above financial data are estimates and are still subject to final verification by the auditor. Until the end of the audit, the financial statements for 2018 may be changed.

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