Statement on the Principles of Corporate Governance Employed in 2013.

„Good Practices in Public Companies on the WSE” adopted by the Board of the Warsaw Stock Exchange  constitute a set of Corporate Governance principles to whose observance Bank Millennium was committed in 2013. The fundamental standard of the above-mentioned Good Practices is the „comply or explain” rule, i.e. the duty to publish information in the form of a report, whenever any of the principles described in the “Good Practices” guidelines is not followed. The full text of the “Good Practices” document is available from the WSE website www.corp-gov.gpw.pl and from the Bank’s website http://www.bankmillennium.pl/en/about-the-bank/corporate-bodies-and-governance/

In 2013 Bank Millennium observed all the principles contained in Good Practices, except the one described below.

On 14 March 2013 the Bank transferred in the form of a current report information pertaining to the rule specified in Chapter IV section 10 item 2 of Good Practices pertaining to ensuring to the shareholders the possibility of participation in a General Meeting of Shareholders with the use of real-time online communication, by means of which the shareholders may take an active part in a General Meeting of Shareholders from a different place than the place of meeting.

In the Bank’s assessment the implementation of this rule during a General Meeting carries with itself certain technical and legal risks to the correct and efficient conducting of the General Meeting. In the Bank’s assessment the avoiding of these threats constitutes a bigger value for the shareholders than the implementation of the rule from Chapter IV section 10 item 2 of Good Practices. At the same time the Bank since 2008 has provided real-time internet broadcasting of the proceedings of the General Meeting of Shareholders, in accordance with the requirement specified in Chapter IV section 10 item 1 of Good Practices. At the same time the Bank does not rule out the possibility of ensuring to the shareholders two-way real time communication during the proceedings of a General Meeting, should factual or legal circumstances change.

Otherwise, the Bank fully observed the principles described in Good Practices.

For the 6th time the Bank was included in the RESPECT Index – CEE’s first index of socially responsible companies.

On 31 December 2013 the Index covered 23 companies listed on the Warsaw Stock Exchange. Enterprises from this Index employ best standards regarding corporate governance, information policy, investor relations, as well as in the area of personnel, social relations and environmental protection.