Corporate governance principles applied by PZU

Since the day when its shares were admitted to trading on a regulated market, PZU has followed the corporate governance rules laid down in the Best Practices of WSE listed companies.

This document was accepted by WSE’s Supervisory Board on 4 July 2007 and has undergone several modifications since then. A document entitled “Best Practices of WSE Listed Companies 2016” adopted by a WSE Supervisory Board resolution on 13 October 2015 has been in force since 1 January 2016.

Its current wording is available on the website devoted to the corporate governance of companies listed on WSE and on PZU’s website in the section dedicated to PZU’s shareholders – Investor Relations.

The set of principles expressed in the Best Insurance Practices adopted on 8 June 2009 by the General Assembly of the Polish Chamber of Insurance (“PIU”), an organization whose members are insurance undertakings operating on the Polish market informs how PZU conducts its business operations and shapes relations with its stakeholders. This document is available on the website .

Furthermore, our own code entitled Best Practices in PZU defines the principles for how we mold relations with our stakeholders. This document is available on our website.

On 22 July 2014 the Polish Financial Supervision Authority (“KNF”) published Corporate Governance Rules for Regulated Institutions (“Corporate Governance Rules”).

The Corporate Governance Rules constitute a set of guidelines that should be applied by regulated entities from 1 January 2015 under the applicable laws giving consideration to the rule of proportionality.

The Corporate Governance Rules and information on how to apply them are available on PZU’s website.