Banco Comercial Portugues

Legal Proceedings Report • Apr 8, 2024

8 April 2024

Banco Comercial Português, S.A. informs about estimated provisions against legal risk related to FX mortgage loans portfolio booked by Bank Millennium, S.A. in 1Q 2024

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.

End of announcement Banco Comercial Português, S.A.

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April 8, 2024

Current report no. 11/2024

SUBJECT: Estimated level of provisions against legal risk related to FX mortgage loans portfolio in 1st quarter 2024.

The Management Board of Bank Millennium S.A. ('the Bank') informs that the estimated level of 1st quarter 2024 provisions for legal risk connected with FX mortgage loans originated by the Bank amounts to PLN 507 million. Additionally, PLN 41 million worth of provisions (without P&L impact) are estimated to be created against legal risk related to the loan book originated by former Euro Bank S.A.

Assuming the above mentioned estimation of provisions and no other unexpected events, and taking into consideration the continuation of positive results from the core business activity, the Management Board expects the Bank to post a positive net result in 1st quarter 2024.

Final value of legal risk provisions in the 1st quarter 2024 and financial results will be disclosed in the financial statements for 1st quarter 2024 due to be announced on May 10, 2024.

Legal basis: art. 17 section 1 MAR – confidential information