Bank Millennium S.A.

Capital/Financing Update • Dec 15, 2025

Report Content Bank Millennium S.A.

Date: 15th December 2025

Current Report No. 34/2025

SUBJECT: Adoption, by the Bank's Supervisory Board, of a resolutionapproving the decision of the Bank's Management Board on the issue ofAdditional Tier I Eurobonds

The Management Board of Bank Millennium S.A. [the "Bank"] herebyannounces that on 15 December 2025, the Supervisory Board of the Bankadopted a resolution approving the decision of the Management Board ofthe Bank to issue Additional Tier I Eurobonds with the principal amountnot exceeding 1,500,000,000 PLN [the "Notes"].

The Notes shall be issued as instruments, which are to be classified tothe Bank's own funds as additional instruments in the Bank's Tier Icapital in accordance with Article 52 of Regulation [EU] No. 575/2013 ofthe European Parliament and of the Council of 26 June 2013 on prudentialrequirements for credit institutions and amending Regulation [EU] No.648/2012.

The Notes shall be denominated in PLN. The Notes shall be perpetualinstruments without a specified maturity date, although the terms andconditions of the Notes issue may provide for the possibility of earlyredemption of the Notes by the Bank. The Notes will bear interest at aperiodically fixed rate, which will be determined every five years fromthe issue date in accordance with the procedure set out in the terms andconditions of the Notes.

Upon the occurrence of a trigger event specified in the terms andconditions of the Notes, the Bank will write down the principal amountof the Notes. The terms and conditions of the Notes will not provide forthe option of converting the Notes into shares of the Bank upon theoccurrence of a trigger event.

The Bank shall apply for admission of the Notes to trading on theregulated market operated by the Luxembourg Stock Exchange.

The date of the Notes issuance will be subject to market conditions.

Detailed parameters of the Notes shall be determined by a separateresolution of the Management Board following an assessment of investordemand for the Notes.

Legal basis: Art. 17 sec. 1 of the Regulation [EU] No. 596/2014 of theEuropean Parliament and of the Council of 16 April 2014 on market abuse[market abuse regulation] and repealing Directive 2003/6/EC of theEuropean Parliament and of the Council and Commission Directives2003/124/EC, 2003/125/EC and 2004/72/EC.