Banco Comercial Portugues

Legal Proceedings Report • Jun 19, 2024

19 June 2024

Banco Comercial Português, S.A. informs about completion of the implementation of the Recovery Plan by Bank Millennium in Poland

Banco Comercial Português, S.A. informs that Bank Millennium S.A., in which it holds a 50.1% stake, has published the attached current report today.

End of announcement Banco Comercial Português, S.A.

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Date: 19 June 2024

Current Report No. 20/2024

Subject: Information on completion of implementation of the Recovery Plan.

With reference to Current Report No 21/2022 of July 15, 2022, the Management Board of Bank Millennium S.A. ('the Bank') informs that today it took a decision to complete the implementation of the Recovery Plan, notifying of the fact Polish Financial Supervision Authority and Bank Guarantee Fund.

In the Bank's Management Board's opinion, all key assumptions of the Recovery Plan ('Plan') have been achieved. In particular, all indicators defined in the Plan have reached safe levels, profitability and financial results of Bank Millennium S.A. Capital Group ('the Group') improved sustainably, capital ratios were restored to levels well above required regulatory minimums while the Bank and the Group meet MREL requirements, including the combined buffer requirements. The Bank's Management Board also does not identify future circumstances that would justify further continuation of the Recovery Plan.

Legal basis: art. 17 section 1 MAR