Getin Noble Bank S.A. ("Bank") hereby reports that on 23 October 2015, the Management Board of the Bank received a recommendation from the Polish Financial Supervision Authority("PFSA") concerning the amount of an additional shareholders' equity requirement.

PFSA recommends maintaining the Bank's equity to cover the additional capital requirement at 2,03 p.p. in order to hedge mortgage FX loan risk, which should be composed in at least 75% of Tier1 (equivalent of 1.52 p.p.)

It means that the minimum capital ratios of the Bank, taking into account the additional capital requirement recommended by the PFSA are:
T1=9+1.52=10.52 %
TCR=12+2.03=14.03 %

The above mentioned recommendation should be complied with by the Bank from the date of receipt until further notice, i.e. until the PFSA determines, based on the analysis and supervisory assessment, that the risks associated with mortgage FX loans, being the reason for imposing the additional capital requirement on the Bank, has significantly changed.

PFSA recommends develop by the Bank an action plan aimed at achieving required levels of capital ratio no later than by state at the end of June 2016, with regard to new levels of capital ratio applicable from 1 January 2016.

Legal basis: Article 56.1.1. of the Act of 29 July 2005 on Public Offering and the Conditions of Introduction of Financial Instrument to an Organized Trading System and on Public Companies.