Andrzej Klesyk is to be the president of PZU SA

As informed by the Management Board of the Universal Insurance Company of the Akcyjna (“PZU SA”, “Company”) on February 27, 2025, the Company's Supervisory Board adopted a resolution on the establishment of Andrzej Klesyk to the Management Board of PZU SA, entrusting him with the function of the President of the Management Board of PZU SA, provided for the consent of the Polish Financial Supervision Authority.

Until this consent was obtained, the Company's Supervisory Board entrusted to Mr. Andrzej Klesyk to perform the duties of the President of the Management Board to the extent permissible by the relevant provisions.

“The resolution entered into force when the adoption. The appointment takes place from March 3, 2025 for a joint term of office, covering three full financial years 2023-2025” – we read in the company's communiqué.

Andrzej Klesyk is a graduate of the Catholic University of Lublin, the Faculty of Social Sciences, the field of Economics and Harvard Business School, where he obtained the title of MBA. In addition, he completed numerous trainings abroad related to the financial and management sector, including global training for partners and managers of The Boston Consulting Group.

In the years 2000-2003 Klesyk was the president of the board of Inteligo Financial Services SA and a member of the board of BankGesellschaft Berlin (Polska) SA. From April 2003 to December 2007 he was a partner and managing director of The Boston Consulting Group in Warsaw, where he cooperated with from PZU in the implementation of key projects.

From December 14, 2007 to December 8, 2015, Andrzej Klesyk was the president of the board of PZU SA, where he was responsible for managing the company and the PZU Group. He carried out IPO PZU, the largest at that time IPO at the WSE in Warsaw. In the years 2017 – 2022 he served as chairman of the Supervisory Board at Best SA, vice -chairman of the Supervisory Board and the chairman of the NKBM Maribor Audit Committee, the non -performance director, head of the audit committee and a member of the Strategic Committee at Play Communication.

Restructured the largest insurance company in Greece – Ethniki after its takeover by CVC (one of the largest PE companies in the world), acting as the chairman of the Directors Council and the head of the Committee of Nominations and Salary. Since 2020, he has been a managing partner at Cornerstone Partners, where he is responsible for several portfolio companies.

On January 21, 2025, he was appointed to the Supervisory Board of PZU SA, then on January 27, 2025 he was delegated by the PZU SA supervisory board to temporarily perform the activities of the President of the Management Board of PZU SA. From January 31, 2025, he is the chairman of the PZU Życie SA supervisory board. In addition, on February 14, 2025, the Extraordinary General Assembly of the Polish Insurance Association chose Andrzej Klesyk to the Audit Committee of the 2023 – 2026 Audit Committee as a representative of PZU SA.

“In accordance with the statement made by Andrzej Klesyk, he does not conduct a competitive activity towards the company, as well as does not participate in a competitive company as a partner in a civil law partnership, partnership or as a member of a competitive body of a capital company or a member of the body of any competitive legal person, and is not entered in the register of non -profitable debtors kept on the basis of the provisions of the Act of 20 August 1997 on the National Court Register” – stated in a message.