2.2 PZU Group’s companies, associates and joint ventures

1) Information about the acquisition of Alior Bank SA along with its subsidiaries is presented in point 2.4.1.2.
2) Increase in PZU Group’s share in share capital and voting rights at the General Shareholders’ Meeting between 31 December 2016 and 31 December 2015 results from the purchase of shares by PZU under tranche III of the transaction described in point 2.4.1.2 (5.26%) and the purchase of shares in consolidated investment funds (0.23%) in the fourth quarter of 2016.
3) Share of PZU Group in Alior Bank’s share capital and voting rights at the General Shareholders’ Meeting determined on the basis of the number of shares held by PZU (I and II tranche of shares acquired under the transaction described in 2.4.1.2, PZU Życie and consolidated investment funds. The figure does not include shares acquired by PZU under tranche III of the transaction described in 2.4.1.2.
4) Company directly controlled by Alior Bank where it holds 58.84% of the share capital (as at 31 December 2015: 60.49%). As a result, PZU Management Board assumes that PZU Group exercises control over the company.
5) Information concerning the acquisition of Polmedic sp. z o.o., SPMP, and Artimed is presented in 2.4.1.3
6) On 13 May 2016, the General Meeting of Shareholders of PZU Zdrowie SA adopted a resolution on combination of PZU Zdrowia SA (acquirer) and Nasze Zdrowie sp. z o.o. (acquiree).The merger was conducted by means of transferring entire equity of the acquiree to the acquirer. The merger was registered in the National Court Register on 30 June 2016. The transaction did not affect the consolidated financial statements.
7) On 1 August 2016, the General Meeting of Shareholders of PZU Zdrowie SA adopted a resolution on combination of PZU Zdrowia SA (acquirer) and Centrum Medyczne Cordis sp. z o.o (acquiree). The merger was conducted by means of transferring entire equity of the acquiree to the acquirer. The merger were registered in the National Court Register on 2 November 2016.The transaction did not affect the consolidated financial statements.
8) As at 31 December 2016, the PZU FIZ Sektora Nieruchomości and PZU FIZ Sektora Nieruchomości 2 funds conducted investment operations through special purpose vehicles (included in the consolidation), whose number in particular funds amounted to: 24 and 11, respectively (as at 31 December 2015: 24 and 11).
9) Share in the voting rights held by PZU differs from the share in the share capital and both as at 31 December 2016 and as at 31 December 2015 it amounted to 25.44%. The difference between the interest in voting rights and share capital results from the fact that non-controlling shareholders hold shares preferred as to voting rights.