Raport

Independent Statutory Auditor’s Report on the Audit

of Annual Consolidated Financial Statements of

BNP Paribas Bank Polska S.A. Capital Group

for the financial year ended

31 December 2020

Mazars Audyt Sp. z o.o.

ul. Piękna 18

00-549 Warsaw

Mazars Audyt Sp. z o.o.

Sąd Rejonowy dla m. st. Warszawy, XII Wydział Gospodarczy KRS nr 0000086577, kapitał zakładowy: 1 268 000,00 PLN,

NIP: 5260215409, REGON: 011110970

INDEPENDENT STATUTORY AUDITOR’S REPORT

ON THE AUDIT OF ANNUAL CONSOLIDATED FINANCIAL

STATEMENTS

Translation of the document originally issued in Polish

To the General Meeting and the Supervisory Board of BNP Paribas Bank Polska S.A.

Report on the Audit of Annual Consolidated Financial Statements

Opinion

We have audited the annual consolidated financial statements of the group, the parent of

which is BNP Paribas Bank Polska S.A. (“the Parent”) (“Group”), which comprise the

consolidated statement of financial position as at 31 December 2020, the consolidated income

statement, consolidated statement of comprehensive income, the consolidated statement of

changes in equity, the consolidated statement of cash flows for the financial year from 1

January to 31 December 2020 and notes, comprising a summary of significant accounting

policies and other explanatory notes (“the consolidated financial statements”).

In our opinion, the accompanying consolidated financial statements:

• give a true and fair view of the Group’s property and financial position as at

31 December 2020, and of its consolidated financial performance and its consolidated

cash flows for the financial year then ended in accordance with the applicable

International Financial Reporting Standards as adopted by the European Union and

the adopted accounting principles (policy);

• comply with the legislation applicable to the Group and with the provisions of the

Parent’s Articles of Association as to the form and content;

This opinion is consistent with the additional report to the Audit Committee that we issued

on 26 February 2021.

Mazars Audyt Sp. z o.o. 3

Basis for Opinion:

We conducted our audit in accordance with National Standards on Auditing as per

International Standards on Auditing adopted by resolution no. 3430/52a/2019 of the National

Council of Statutory Auditors of 21 March 2019 regarding national standards on auditing and

other documents (as amended) (National Standards on Auditing “NSA”), as well as according

to the Act on Statutory Auditors, Audit Firms and Public Supervision of 11 May 2017 (“the Act

on Statutory Auditors” - Journal of Laws of 2020, item 1415) and Regulation (EU) No 537/2014

of 16 April 2014 on specific requirements regarding statutory audit of public-interest entities

(“EU Regulation” - Official Journal of the European Union L 158 of 27 May 2014 p. 77 as

amended). Our responsibility under those standards has been further described in “Statutory

Auditor’s Responsibilities for the Audit of the Financial Statements” section of our report.

We are independent of the Group Companies in accordance with the International Code of

Ethics for Professional Accountants (including International Independence Standards) issued

by the International Ethics Standards Board for Accountants (“the IESBA Code”), adopted by

resolution of the National Council of Statutory Auditors No. 3431/52a/2019 of 25 March 2019

on the principles of professional ethics for statutory auditors and other ethical requirements

which are applicable to the audit of financial statements in Poland. We have fulfilled our other

ethical responsibilities in accordance with these requirements and the IESBA Code. During

the audit the key statutory auditor and the audit firm remained independent of the Group

Companies in accordance with the independence requirements specified in the Act on

Statutory Auditors and EU Regulation.

We believe that the audit evidence that we have obtained is sufficient and appropriate to

provide a basis for our audit opinion.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most

significance in the audit of the consolidated financial statements of the current period. These

include the most significant assessed risks of material misstatement, including the assessed

risks of material misstatement due to fraud. These matters were addressed in the context of

our audit of the consolidated financial statements as a whole and in forming our opinion

thereon, and we summarized our responses to these risks, and, where deemed appropriate,

presented the most important observations related to these risks. We do not provide a

separate opinion on these matters.

Key audit matter

How the matter was addressed

in our audit

Allowance for expected credit losses on

loans and advances to customers

In accordance with International Financial

Reporting Standard 9 Financial Instruments

("IFRS 9"), the Parent Company's

management should determine the amount

We critically reviewed the design and

implementation of the credit risk

assessment and expected credit loss

estimation process and evaluated the

controls in these processes.

Mazars Audyt Sp. z o.o. 4

of expected credit losses that may occur

during a 12-month period or the remaining

life of a financial asset, depending on the

classification of individual assets into risk

categories ("stages", "phases") taking into

account the impact of future

macroeconomic conditions on the level of

expected credit losses.

Determining the amount and timing of the

recognition of expected credit losses

requires the use of significant judgment and

significant and complex estimates, including

primarily with respect to the credit risk

parameters in the expected credit loss

calculation models.

The estimate of the allowance for expected

credit losses takes into account the issue of

the impact of the global COVID-19

pandemic. This estimate required the

Parent Company's management to apply

additional assumptions and expert

adjustments to account for the uncertainty

associated with the current and future

macroeconomic environment and to reflect

risk factors not included in the Group's

models.

Note 3.a Impairment of financial assets,

Note 21 Loans and advances to customers

measured at amortised cost and Note 56.2

Credit risk provide details of the methods

and models used and the level of allowance

for expected credit losses in the portfolio of

loans and advances to customers.

We performed a reconciliation of the loans

and advances to customers basis to the

accounting records to confirm the

completeness of the recognition of loans

and advances to customers underlying the

allowance for expected credit losses and

the value of the allowance.

We assessed the Group's impairment

methodology for compliance with the

requirements of IFRS 9, in particular with

respect to the application of the criteria for

identifying a significant increase in credit

risk, the definition of default, the credit risk

parameters adopted and the consideration

of the impact of future macroeconomic

conditions on the level of expected credit

losses.

For the portfolio of loans and advances to

customers assessed using the collective

method:

• we analyzed the methodology used for

calculation of allowances for expected

credit losses for exposures evaluated

using the collective method, including

adequacy of risk parameters used by

the Group,

• we verified the calculation of write-

downs for expected credit losses for

selected exposures,

• we assessed the verification of models

on the basis of historical data (back-

tests).

For the portfolio of loans and advances to

customers assessed on an individual basis:

• we conducted an analysis of the

correctness of the impairment

identification process and classification

into stages,

• on a selected sample of significant

credit exposures, we reviewed

documents related to the borrower's

financial situation and verified the

correctness of assignment to the

appropriate stage,

• we assessed the correctness of the

estimation of write-downs for the

selected sample of exposures with

identified evidence of impairment as

regards the correctness of collateral

values and assumptions concerning

Mazars Audyt Sp. z o.o. 5

other cash flows.

With respect to the impact of Pandemic

COVID-19 on expected credit losses on

loans and advances to customers, our

procedures covered:

• inclusion in the selected sample of

material credit exposures of industries

with increased risk due to a pandemic,

• analysis of estimated impact of future

macroeconomic conditions and other

expert adjustments,

• analysis of the credit base including

borrowers who benefited from moratoria

as at year-end.

We assessed the quality and verified the

accuracy of the disclosures regarding the

allowance for expected credit losses in the

consolidated financial statements.

Provisions for risk associated with the

foreign currency mortgage loan portfolio

The estimation of risk provisions related to

the foreign currency mortgage loan portfolio

is complex and requires a significant degree

of judgment in determining and quantifying

the possible scenarios, as well as with

respect to the assumptions made regarding

the number of lawsuits expected to be filed,

the likelihood of their resolution in court and

the amount of loss in the event that the

Group loses a lawsuit.

The Group's estimates in this regard are

based on historical observations indicating

significant uncertainty as to the number of

lawsuits that will be filed in court in the

future, as well as the lack of a consistent

line of decisions in existing court rulings.

In addition, as described in Note 54

Litigation, when estimating the scenarios

and their probabilities of realisation, the

Parent Company's Management Board did

not take into account the potential effects of

the resolution of the Civil Chamber of the

Supreme Court, whose session is

scheduled for 25 March 2021, due to the

During our audit, we performed the

procedures described below.

We performed a critical analysis of the

design and implementation of the process

for calculating litigation provisions and

contingent liabilities and assessed the

controls in these processes.

We reviewed the list of legal cases to which

the Group is a party and the lawyers'

assessment of their resolution. We reviewed

the independent confirmations received

from the law firms representing the Group.

We verified the methodology for estimating

provisions for litigation related to foreign

currency loans, including an analysis of the

correctness of the input data and the

calculation of the provision estimates, an

analysis of the reasonableness and

reasonableness of the assumptions made.

We analyzed the register of customer

complaints, with particular emphasis on

issues related to foreign currency mortgage

loans.

Mazars Audyt Sp. z o.o. 6

impossibility of predicting the shape of the

Supreme Court's decision on particular

issues.

In addition, since, as described in Note 54

Litigation, the Parent Company's

Management Board has not made any

decisions regarding potential out-of-court

settlements, including settlements with

customers, this has not been taken into

account in the scenarios used to estimate

the level of provisions as at 31 December

2020.

Note 3 Estimates and Note 55 Litigation

provide details of the assumptions used to

calculate the provisions for the foreign

currency mortgage portfolio and the

possible alternative outcomes presented as

part of the sensitivity analysis of the

estimate.

We reviewed correspondence, reports and

analyses addressed to the Group by

regulatory authorities.

We assessed the quality and verified the

accuracy of the disclosures relating to

litigation provisions and contingent liabilities

in the consolidated financial statements.

Other Matters

The Group’s consolidated financial statements for the year ended 31 December 2019 have

been audited by a statutory auditor acting on behalf of another audit firm. This auditor

expressed an unqualified opinion on these financial statements on 2 March 2020.

Responsibilities of the Management Board and Supervisory Board of the Parent

for the Consolidated Financial Statements

The Parent’s Management Board is responsible for preparing the consolidated financial

statements that give a true and fair view of the Group’s property and financial position and its

financial performance in accordance with International Financial Reporting Standards as

adopted by the European Union and adopted accounting principles (policy), as well as with

the relevant legislation and with the provisions of the Parent’s Articles of Association. The

Parent’s Management Board is also responsible for such internal control as the Management

Board determines is necessary to enable the preparation of consolidated financial statements

that are free of material misstatement, whether due to fraud or error.

When preparing the consolidated financial statements, the Parent’s Management Board is

responsible for assessing the Group’s ability to continue as a going concern, as well as for

disclosing, if applicable, matters related to going concern and for adopting the going concern

assumption as an accounting basis, unless the Management Board either intends to liquidate

the Group or to cease operations, or has no realistic alternative but to do so.

Mazars Audyt Sp. z o.o. 7

The Parent’s Management Board and members of the Supervisory Board are obliged to

ensure that the consolidated financial statements meet the requirements set out in the

Accounting Act of 29 September 1994 (“Accounting Act” – Journal of Laws of 2021, item 217).

Members of the Supervisory Board of the Parent are responsible for supervising the financial

reporting process.

Statutory Auditor’s Responsibilities for the Audit of the Consolidated Financial

Statements

Our objectives are to obtain reasonable assurance about whether the consolidated financial

statements as a whole are free from material misstatement, whether due to fraud or error, and

to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of

assurance but is not a guarantee that an audit conducted in accordance with the National

Standards on Auditing will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in

the aggregate, they could reasonably be expected to influence the economic decisions of

users taken on the basis of these consolidated financial statements.

The scope of audit does not include assurance as to the future profitability of the audited Group

and effectiveness or efficiency of running its affairs by the Parent’s Management Board at

present or in the future.

According to National Standards on Auditing, we exercise professional judgement and

maintain professional scepticism throughout the audit, as well as:

• we identify and assess risks of material misstatement of consolidated financial

statements, whether due to fraud or error, we design and perform audit procedures

responsive to those risks and we obtain audit evidence which is sufficient and

appropriate to provide a basis for our audit opinion. The risk of not detecting a material

misstatement resulting from fraud is higher than for one resulting from error, as fraud

may involve collusion, forgery, intentional omissions, misrepresentations, or the

override of internal control;

• we obtain an understanding of internal control relevant to the audit in order to design

audit procedures that are appropriate in the circumstances, but not for the purpose of

expressing an opinion on the effectiveness of the internal control in the Group;

• we evaluate the appropriateness of the accounting principles (policy) used and the

reasonableness of the accounting estimates and related disclosures made by the

Management Board of the Parent;

• we conclude on the appropriateness of the Parent’s Management Board’s use of the

going concern basis of accounting and, based on the audit evidence obtained, as to

whether a material uncertainty exists related to events or conditions that may cast

significant doubt on the Group’s ability to continue as a going concern. If we conclude

that a material uncertainty exists, we are required to draw attention in our auditor’s

report to the related disclosures in the consolidated financial statements or, if such

disclosures are inadequate, to modify our opinion. Our conclusions are based on the

audit evidence obtained up to the date of our auditor’s report. However, future events

or conditions may cause the Group to cease to continue as a going concern;

Mazars Audyt Sp. z o.o. 8

• we evaluate the overall presentation, structure and content of the consolidated

financial statements, including the disclosures, and whether the consolidated financial

statements represent the underlying transactions and events in a manner that

achieves fair presentation.

• we obtain sufficient appropriate audit evidence regarding the financial information of

the entities or business activities within the Group to express an opinion on the

consolidated financial statements. We are responsible for the direction, supervision

and performance of the Group audit and we remain solely responsible for the auditor’s

opinion on our audit.

We communicate to the Supervisory Board of the Parent information regarding, among other

matters, the planned scope and timing of the audit and significant audit findings, including any

significant deficiencies in internal control that we identify during our audit.

We make a representation to the Supervisory Board of the Parent that we have complied with

relevant ethical requirements pertaining to independence and that we will communicate all

relationships and other matters that could reasonably be considered to pose a threat to our

independence, and, where applicable, the safeguards applied.

Among matters communicated to the Supervisory Board of the Parent we have determined

matters that were of most significance in our audit of the consolidated financial statements of

the current period and therefore we have determined them to be key audit matters. We

describe those matters in our auditor’s report unless law or regulation preclude their public

disclosure or when, in exceptional circumstances, we decide that a given matter should not

be presented in our report as the adverse consequences of such communication would

reasonably be expected to outweigh the public interest benefits of communicating about the

matter.

Other Information, including the Report on the Activities

Other information includes the report on the Group’s Activities for the year ended 31 December

2020 (“Report on the Activities”) together with corporate governance statement which is a

separate part of this report and separate report on non-financial information referred to in

Article 55 (2c) of the Accounting Act, which is part of the document entitled "CSR and

Sustainability Report presenting non-financial information of BNP Paribas Bank Polska S.A.

and BNP Paribas Bank Polska S.A. Group in 2020" (jointly referred to as “Other Information”).

The Report on the Activities of the BNP Paribas Bank Polska S.A. Group and of the Bank for

2020 pursuant to Article 55 para. 2a of the Accounting Act has been prepared jointly.

Responsibility of the Management Board and Supervisory Board of the Parent

The Parent’s Management Board is responsible for preparing Other Information in accordance

with the applicable regulations.

Mazars Audyt Sp. z o.o. 9

The Management Board of the Parent and members of the Supervisory Board of the Parent

are obliged to ensure that the Group Management Report along with separate part meets the

requirements set out in the Accounting Act.

Statutory Auditor’s Responsibility

Our opinion on the audit of the consolidated financial statements does not cover Other

Information. Our responsibility regarding the audit of the consolidated financial statements is

to get acquainted with Other Information and to consider whether it is not significantly

incoherent with the consolidated financial statements or with our knowledge obtained during

the audit or whether Other Information seems to be significantly misstated in other manner. If,

based on work performed, we consider that there are material misstatements in Other

Information, we are obliged to inform about it in our audit report. In accordance with the Act

on Statutory Auditors, our responsibility is also to give an opinion whether the Group

Management Report has been prepared in accordance with applicable regulations and

whether it complies with information contained in the consolidated financial statements. In

addition, in accordance with requirements of Article 111a (3) of the Act of 29 August 1997

Banking Law (Journal of Laws of 2020, item 1896 as amended) (“Banking Law”), our

responsibility is to audit information specified in Article 111a (2) of the Banking Law contained

in the Management Report. Moreover, we are obliged to communicate whether the Group

prepared a separate report on non-financial information and issue an opinion whether the

Group included the required information in the corporate governance statement.

Opinion on the Report on the Activities

Based on the work performed during the audit, in our opinion, the Report on the Activities:

• has been prepared in accordance with Article 49 of the Accounting Act and paragraph

71 of the Regulation of the Minister of Finance of 29 March 2018 on current and

periodic information provided by issuers of securities and on conditions under which

information required by legal regulations of a third country may be recognised as

equivalent (“Regulation on current information” – Journal of Laws of 2018, item 757 as

amended) and Article 111a (1-2) of the Banking Law,

• is in line with information contained in the consolidated financial statements.

Moreover, according to our knowledge of the Group and its environment obtained during the

audit, we declare that we have not identified any material misstatement in the Report on the

Activities.

Opinion on corporate governance statement

In our opinion, in its corporate governance statement the Group included information specified

in paragraph 70 (6) item 5 of the Regulation on the current information. Moreover, information

indicated in points c-f, h and i of paragraph 70 (6) item 5 of this Regulation included in the

corporate governance statement complies with the relevant regulations and information

included in the consolidated financial statements.

Mazars Audyt Sp. z o.o. 10

Information on non-financial information

In accordance with the requirements of the Act on Statutory Auditors we confirm that the Group

included in the Report on the Activities information on preparing a separate report on non-

financial information referred to in Article 55 (2c) of the Accounting Act and that the Group

prepared such separate report.

We have not performed any assurance work concerning the separate report on non-financial

information and we do not express any assurance about it.

Report on Other Legal and Regulatory Requirements

Opinion on whether the consolidated financial statements prepared in the single

electronic reporting format comply with the requirements of the Regulation on

Technical Standards for Single Electronic Reporting Format Specifications

Subject of the service

At the request of the Board of Directors of the Parent Company, we have performed an

attestation service providing reasonable assurance to express an opinion on whether the

consolidated financial statements prepared for the fiscal year ended December 31, 2020 in a

single electronic reporting format ("ESEF consolidated financial statements") have been

prepared in accordance with the requirements of Commission Delegated Regulation (EU)

2019/815 of December 17, 2018 supplementing Directive 2004/109/EC of the European

Parliament and of the Council with regard to regulatory technical standards concerning the

specifications of a single electronic reporting format ("ESEF Regulation”).

Identification of criteria

The ESEF Regulation provides that consolidated financial statements of issuers prepared in

accordance with International Financial Reporting Standards shall be prepared in XHTML

format and tagged with IFRS taxonomy using Extensible Business Reporting Language

("XBRL"). The requirements of the ESEF Regulation are, in our opinion, appropriate criteria

for our opinion.

Responsibility of the Management Board and Supervisory Board of the Parent

Company

Management of the Parent Company is responsible for preparing the consolidated financial

statements in ESEF format as required by the ESEF Regulation. This responsibility includes

selecting and applying the appropriate XBRL tags using the taxonomy specified in the ESEF

Regulation. This responsibility also includes designing, implementing and maintaining a

system of internal control that ensures the preparation of consolidated financial statements

that are free from material non-compliance with the requirements of the ESEF Regulation.

The members of the Parent Company's Supervisory Board are responsible for overseeing

the financial reporting process, which includes the preparation of financial statements in

Mazars Audyt Sp. z o.o. 11

accordance with the ESEF Regulation.

Auditor's Responsibility

Our objective was to express an opinion, on the basis of the assurance service performed,

that provides reasonable assurance whether the consolidated financial statements in ESEF

format have been prepared in accordance with the requirements of the ESEF Regulations.

We conducted the service in accordance with the provisions of the National Standard on

Assurance Engagements Other than Audit and Review 3000 (Z) as read with International

Standard on Assurance Engagements 3000 (Revised) Assurance Engagements Other Than

Audits or Reviews of Historical Financial Information, adopted by Resolution No.

3436/52e/2019 of the National Council of Certified Public Accountants dated April 8, 2019.

("CSUA 3000 (Z)").

This standard requires the auditor to plan and perform procedures to obtain reasonable

assurance about whether the consolidated financial statements in ESEF format have been

prepared, in all material respects, in accordance with specified criteria.

Reasonable assurance is a high level of assurance but does not guarantee that a service

performed in accordance with KSUA 3000 (Z) will always detect an existing material

misstatement.

The choice of procedures depends on the auditor's judgment, including his or her estimate of

the risk of material misstatement due to fraud or error. In making those risk assessments, we

consider internal control relevant to the preparation of the consolidated financial statements

in ESEF format to design appropriate procedures to provide the auditor with sufficient and

appropriate evidence in the circumstances, but not for the purpose of expressing an opinion

on the effectiveness of its.

Quality control requirements

The audit firm applies the National Quality Control Standards in the wording of International

Quality Control Standard 1 Quality Control of Firms Performing Audits and Reviews of

Financial Statements and Performing Other Assurance and Related Service Engagements

adopted by Resolution No. 2040/37a/2018 of the National Council of Statutory Auditors dated

March 3, 2018 ("NACC").

As required by the ACCJC, the audit firm maintains a comprehensive quality control system

that includes documented policies and procedures regarding compliance with ethical

requirements, professional standards, and applicable legal and regulatory requirements.

Independence and other ethical requirements

In performing the attestation service, the auditor and the audit firm complied with the

independence and other ethical requirements set forth in the International Code of Ethics for

Professional Accountants (including the International Independence Standards) of the

International Ethics Standards Board for Accountants (the "IESBA Code"), adopted by

resolution of the National Council of Statutory Auditors No. 3431/52a/2019 dated March 25,

2019 on the principles of professional ethics for statutory auditors. The IESBA Code is based

on the fundamental principles of integrity, objectivity, professional competence and due

Mazars Audyt Sp. z o.o. 12

diligence, confidentiality and professional conduct. We have also complied with other

independence and ethics requirements that are applicable to this attestation service in

Poland.

Summary of work performed

The work we carried out included, in particular:

• Gain an understanding of the process of preparing consolidated financial statements

in ESEF format as required by the ESEF Regulations, including an understanding of

the internal control mechanisms involved in that process;

• assessment of compliance with technical standards for the specification of a uniform

electronic reporting format using specialized IT tools, including verification of the

correct application of the XHTML format;

• assessing whether the applied XBRL tags from the taxonomy defined in the ESEF

Regulation have been applied appropriately and whether taxonomy extensions have

been used in situations where relevant elements have not been identified in the basic

taxonomy defined in the ESEF Regulation;

• assessing the completeness of tagging information in the consolidated financial

statements in ESEF format with XBRL tags;

• testing the correctness of mathematical calculations for individual items marked with

XBRL tags;

• to assess the correct anchoring of the applied taxonomy extensions to the core

taxonomy defined in the ESEF Regulation.

We believe that the evidence we have obtained provides a sufficient and appropriate basis

for our opinion.

Opinion

Based on the procedures performed, in our opinion, the consolidated financial statements in

ESEF format have been prepared, in all material respects, in accordance with the

requirements of the ESEF Regulation.

Information on Observing Applicable Prudential Regulations

The Parent’s Management Board is responsible for ensuring the compliance of the Group’s

operations with prudential regulations, in which for the correct determination of capital ratios.

Our responsibility is to communicate in the auditor’s report whether the Group complies with

applicable prudential regulations, defined in separate provisions, and in particular whether the

Group correctly determined the capital ratios presented in note 57.

The purpose of the audit of the financial statements was not to express an opinion on the

Group’s compliance with applicable prudential regulations and therefore we do not express

such an opinion.

Mazars Audyt Sp. z o.o. 13

Based on our audit of the financial statements we would like to inform you that we have not

identified any breaches of applicable prudential regulations by the Group in the period from 1

January 2020 to 31 December 2020, defined by separate provisions, in particular with respect

to the correctness of the determination of capital ratios by the Group as at 31 December 2020,

which could have a significant impact on the consolidated financial statements.

Declaration on non-audit services

According to our best knowledge and belief we declare that non-audit services that we have

provided to the Group comply with laws and regulations applicable in Poland and that we have

not provided any non-audit services that are prohibited pursuant to Article 5 (1) of the EU

Regulation and Article 136 of the Act on Statutory Auditors. Non-audit services that we

provided to the Group during the audited period were specified in note 11.3 of the Group

Management Report.

Appointment of an Audit Firm

We have been appointed to audit of the consolidated financial statements of the Group

pursuant to the resolution of the Parent’s Supervisory Board of 12 December 2019. We have

been auditing the consolidated financial statements of the Group for the first time.

The key statutory auditor responsible for the audit that was the base of this independent

statutory auditor’s report is Małgorzata Pek-Kocik.

Acting on behalf of Mazars Audyt Sp. z o.o. with its registered office in Warsaw, ul. Piękna 18,

entered on the list of audit firms under no. 186, on behalf of which the key statutory auditor

audited the financial statements.

Małgorzata Pek-Kocik

Key Statutory Auditor

No 13070

Partner

Warsaw, 26 February 2021