The Bank's share capital and share ownership structure

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As at December 31, 2014, the share capital of Bank Pekao S.A. amounted to PLN 262,470,034 and remained unchanged until the date of submitting the report. The share capital of the Bank consisted of 262,470,034 shares of the following series:

137,650,000

Series A

bearer shares with a par value of PLN 1 per share

7,690,000

Series B

bearer shares with a par value of PLN 1 per share

10,630,632

Series C

bearer shares with a par value of PLN 1 per share

9,777,571

Series D

bearer shares with a par value of PLN 1 per share

373,644

Series E

bearer shares with a par value of PLN 1 per share

621,411

Series F

bearer shares with a par value of PLN 1 per share

603,377

Series G

bearer shares with a par value of PLN 1 per share

359,84

Series H

bearer shares with a par value of PLN 1 per share

94,763,559

Series I

bearer shares with a par value of PLN 1 per share

All the existing shares are ordinary bearer shares. There are no special preferences or limitations connected with the shares, or differences in the rights attached to them. The rights and obligations related to the shares are defined by the provisions of the Polish Commercial Companies Code and other applicable law.

The shareholders of Bank Pekao S.A. owning directly or indirectly through their subsidiaries at least 5% of the total number of voting rights at the General Meeting of Bank Pekao S.A. are as follows:

Shareholder’s name

number of shares and votes at the General Meeting

Share in share capital and total number of votes at the General Meeting

number of shares and votes at the General Meeting

Share in share capital and total number of votes at the General Meeting

number of shares and votes at the General Meeting

Share in share capital and total number of votes at the General Meeting

 

As at the date of submitting the report

as at DECEMBER 31, 2014

as at December 31, 2013

UniCredit S.p.A.

131,497,488

50.1%

131,497,488

50.1%

131,497,488

50.1%

Aberdeen Asset Management PLC

n/a

n/a

n/a

n/a

13,194,683

5.03%

Other shareholders

130,972,546

49.9%

130,972,546

49.9%

117,777,863

44.87%

Total

262,470,034

100.0%

262,470,034

100.0%

262,470,034

100.0%

UniCredit S.p.A. has been the Bank's major shareholder since August 1999. As at December 31, 2014, UniCredit S.p.A. held 50.10% share in the Bank's share capital and the same percentage of the total votes at the Bank's General Meeting of Shareholders and the remaining shareholders' 49.90% share. Since none of the remaining shareholders holds more than 5% of the total vote at the Bank's General Meeting of Shareholders, they are not required to disclose information on their holdings in Bank Pekao S.A.'s shares.

On January 8, 2014 Management Board of Bank Pekao S.A. in the current report no. 1/2014 informed that the Bank received notification from Aberdeen Asset Management PLC (and/or acting on its behalf and its' affiliates) with its registered office in Aberdeen about reduction of the total number of votes at the General Meeting of the Bank below 5%, as the result of the sale of 50,000 shares in the Bank through a sale order executed on January 3, 2014. Prior to the sale, Aberdeen Asset Management PLC held 13,121,767 shares in the Bank, accounting for 5.0% of the overall number of shares in the Bank, representing the same number and percentage of the total votes at the General Meeting of the Bank. After the transaction, Aberdeen Asset Management PLC held 13,071,767 shares in Bank, i.e. 4.98% of the overall number of shares in the Bank, representing the same number and percentage of votes at the General Meeting of the Bank.


Polish open-end pension funds (OFE) constitute to the group of financial investors holding significant equity interests in the Bank. Based on their publicly available financial reports, as at December 31, 2014 OFE held in aggregate 15.0% of the Bank's shares.

The Polish open-end pension funds' holdings in Bank Pekao S.A.:

SHAREHOLDER

number of shares and votes at gm

% of share capital and total vote at gm

number of shares and votes at gm

% of share capital and total vote at gm

 

DECEMBER 31, 2014

DECEMBER 31, 2013

Aviva OFE Aviva BZ WBK

11,620,872

4.43%

12,483,565

4.76%

ING OFE

5,464,868

2.08%

6,998,757

2.67%

OFE PZU „Złota Jesień” *

5,641,651

2.05%

5,226,351

1.99%

MetLife OFE

3,307,948

1.26%

3,853,470

1.47%

AXA OFE

2,873,652

1.09%

2,946,264

1.12%

Generali OFE

2,212,642

0.84%

2,289,234

0.87%

PKO BP Bankowy OFE **

2,199,597

0.84%

2,871,436

1.09%

Allianz Polska OFE ***

1,824,961

0.7%

1,846,130

0.7%

Nordea OFE

1,685,090

0.64%

1,814,005

0.69%

Aegon OFE

1,742,820

0.66%

1,746,507

0.67%

OFE Pocztylion

797,022

0.3%

892,812

0.34%

Total

39,371,123

15.0%

42,968,533

16.37%

OFE Reports – annual structure of open-end pension funds assets; closing share price of Bank Pekao S.A. as at end of the period.
* On September 12, 2014 OFE Amplico changed its name to MetLife OFE
** Assets presented as a total of PKO BP Bankowy and OFE Polsat. On July 19, 2013, OFE Polsat was acquired by PKO BP Bankowy.
*** Assets presented as a total of Allianz Polska OFE and OFE Warta. On September 19, 2014 OFE Warta assets were transferred to Allianz Polska OFE