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Management Board's representations

True and fair nature of the presented reports

The Management Board of Bank Pocztowy represents that according to its best knowledge:

• the annual consolidated financial statements and the comparative data have been prepared in line with binding accounting principles and provide a true, fair and clear view of the economic and financial position as well as the financial performance of the Bank Pocztowy Capital Group;
• Management Board’s report on the activities of the Bank Pocztowy Capital Group provides a true view of the current standing and achievements of the Group, including description of key risks and threats.

Appointing entity authorized to audit financial statements

The Management Board of Bank Pocztowy S.A. represents that the entity authorized to audit financial statements, Deloitte Polska Sp. z o.o. Sp. k. auditing the annual consolidated financial statements of the Bank Pocztowy Capital Group for 2016, has been appointed in accordance with the law. The entity and certified auditors have fulfilled conditions necessary to issue an unbiased and independent audit opinion on the consolidated financial statements of the Bank Pocztowy S.A. Capital Group in accordance with the valid regulations and professional standards.

The Management Board’s report on the activities of the Bank Pocztowy S.A. Capital Group for 2016 includes 127 pages bearing sequential numbers.

Signatures of Management Board Members of Bank Pocztowy S.A.

23 March 2017	Sławomir Zawadzki   Chairman of the Management Board
23 March 2017	Jerzy Konopka Member of the Management Board
23 March 2017	Robert Kuraszkiewicz Member of the Management Board
23 March 2017	Magdalena Nawara Member of the Management Board
23 March 2017	Krzysztof Telega Member of the Management Board