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 [2] 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.