Depicts a combination of historical figures and symbols, King Stephen Báthory with his name birth, and death dates above him and Queen Anna Jagiellon also with her name, and dates, in front of Vilnius University's Great Yard and Church of St. John the Baptist and its name in Latin below it, a third crowned portrait of HM Queen Elizabeth II facing right, wearing the George IV State Diadem dividing the coat of arms of Malawi and denomination above, the date, country name below.

Stephen Báthory (1533–1586) was a Hungarian nobleman who became King of Poland and Grand Duke of Lithuania, co-ruling with Anna Jagiellon from 1576 until his death. A skilled military leader, he is best known for his campaigns against Russia during the Livonian War, securing Polish–Lithuanian control over Livonia. Báthory was committed to strengthening the monarchy and reforming the military. His reign saw the consolidation of power and an era of military successes, leaving a lasting impact on the Polish–Lithuanian Commonwealth.

Anna Jagiellon (1523–1596) was Queen of Poland and Grand Duchess of Lithuania from 1575 to 1596. The daughter of Sigismund I the Old and Bona Sforza, she came to power through a political compromise, sharing the throne with her husband, Stephen Báthory. After his death in 1586, Anna continued to wield influence in the Polish–Lithuanian Commonwealth, though she did not remarry. Her reign marked a period of stability and concluded the direct line of the Jagiellonian dynasty in Poland.

Depicts Jan Matejko's painting of "Stephen Báthory at Pskov" (1872), highlighting the fictionalized moment during the peace negotiations between Tsar Ivan the Terrible of Russia and the Polish King Stephen Báthory in 1582. The scene captures the kneeling representatives of the Russian Tsar before Báthory, symbolizing the power dynamics and the diplomatic resolution after the Livonian War. It also shows the papal legate, the black-robed Jesuit Antonio Possevino. The series title "Jan Matejko," along with his birth and death dates, is featured above the scene, noting that the Kraków Academy of Fine Arts, where Matejko served as president, was named in his honor in 1979. The painting’s name in Polish and its date are displayed below, with 19 crystal pieces embellishing the coin.

The Livonian Campaign (1578–1582) was a series of military actions between the Polish–Lithuanian Commonwealth, led by King Stephen Báthory, and the Tsardom of Russia. The campaign aimed to secure control over the Baltic region, particularly Livonia, now part of Latvia and Estonia. Báthory’s forces achieved significant victories, including the capture of Pskov, which led to peace negotiations and the Treaty of Jam Zapolski in 1582. This treaty ended the conflict, with Russia relinquishing claims to Livonia and recognizing Polish control, solidifying Báthory’s military reputation and strengthening the Commonwealth’s position.