By-laws of PZU

On 30 June 2015, PZU’s Ordinary Shareholder Meeting amended PZU’s Articles of Association.

Amendments to the By-laws

On 30 June 2015, the General Shareholders’ Meeting of PZU adopted amendments to the By-laws of PZU.

Then, on 18 September 2015, the Supervisory Board of PZU adopted a resolution regarding the wording of the consolidated amended By-laws of PZU. On 3 November 2015, the By-laws were recorded in the National Court Register.

The By-laws of PZU can be amended by the General Shareholders’ Meeting in the form of a resolution passed by a majority of three fourths of votes. In cases specified in the Act on Insurance Activity such change must be approved by the FSA and then recorded in the National Court Register. The Supervisory Board can approve the unified amended text of the By-laws.