The Management Board of ING Bank Śląski S.A. (& quot; Bank & quot;) informs that on October 23, 2018, the Supervisory Board agreed to the Bank's subordinated loan (& quot; Loan & quot;) in the amount of EUR 100 million from ING Bank N.V. based in Amsterdam under the following conditions: & lt; br / & gt; 1) The loan will be granted for a period of 10 years, & lt; br / & gt; 2) The Bank will have the right to early repayment of the Loan after 5 years, subject to obtaining the relevant consent of the Polish Financial Supervision Authority ("KNF"). & Lt; br / & gt; After signing the Loan agreement, the Bank will apply to KNF for permission to credit the amount of the Loan to Tier 2 capital. The Bank will inform about the conclusion of the contract and its pricing conditions as well as the receipt of the consent of the PFSA in separate reports. & Lt; br / & gt; ING Bank N.V. is the parent company holding 75% of shares and votes at the General Meeting of the Bank. & Lt; br / & gt; Legal basis: art. 17 sec. 1 of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 of 16 April 2014 (MAR Regulation). & Lt; br / & gt;
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