Banco Comercial Portugues

Legal Proceedings Report • Jan 8, 2024

8 January 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 4Q 2023

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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January 8, 2024

Current report no. 1/2024

SUBJECT: Estimated level of provisions against legal risk related to FX mortgage loans portfolio in 4 th quarter 2023.

The Management Board of Bank Millennium S.A. ('the Bank') informs that the estimated level of 4 th quarter 2023 provisions for legal risk connected with FX mortgage loans originated by the Bank amounts to PLN 620 million. Additionally, PLN 82 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 4 th quarter 2023.

Final value of legal risk provisions in the 4 th quarter 2023 and financial results will be disclosed in the financial statements for 2023 to be announced on February 28, 2024. The preliminary unaudited consolidated results for 2023 will be announced in a current report due out on January 30, 2024.

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