50.4 Alior Bank’s Second Public Bond Issue Program

On 23 August 2017, the Supervisory Board of Alior Bank, as requested by the Alior Bank’s Management Board, gave its consent for the opening of Alior Bank’s Second Public Bond Issue Program (“Program”) and authorized the Alior Bank’s Management Board, among others, to set out the terms and conditions of issue of individual bond series under the Program.

On 13 October 2017, KNF approved the prospectus prepared in connection with the public offerings and the pursuit of admission and introduction of the bonds issued under the Program into trading on the regulated market. On the basis of the prospectus, Alior Bank may issue both common and subordinated bonds.

Alior Bank’s Supervisory Board, in accordance with a motion submitted by Alior Bank’s Management Board, also agreed to discontinue the issue of bonds under the existing Alior Bank SA’s Public Subordinated Bond Issue Program established by a resolution adopted by the Alior Bank Management Board on 22 December 2015 and approved by a resolution adopted by the Alior Bank Supervisory Board on 28 December 2015 and to close the program.