mBank S.A.

Legal Proceedings Report • Sep 30, 2024

Report Content Costs of legal risk related to foreign currency loans

The Management Board of mBank S.A. (_quot;Bank_quot;) informs that in connectionwith the decision taken on September 30, 2024 by the Bank, the costs oflegal risk related to loans indexed to foreign currencies recognized inQ3 2024, amounted to PLN 952,8 million. They result mainly from theupdate of expected costs of the settlement program, updates to theforecast of the number of court cases and updates to the marketparameters included in the model.

The Bank informs that the estimated preliminary net result for Q3 2024is positive. At the same time, the Bank informs that in Q3 2024,positive results in the core business were continued.

mBank Group Tier 1 Capital Ratio and the Total Capital Ratio for Q3 2024are expected to be considerably higher than the required level which formBank Group amount to 9.1% for the Tier 1 capital ratio and 11.1% forthe Total Capital Ratio. It is expected that surpluses above the capitalrequirements for Q3 2024 will reach above 4.0 p.p. over Tier 1 CapitalRatio and approximately 4.0 p.p over Total Capital Ratio. The liquidityratios significantly exceed the regulatory requirements.

The final value of costs of legal risk related to loans indexed toforeign currencies in the third quarter 2024 and financial results willbe disclosed in the financial statements for the third quarter 2024 dueto be announced on October 31, 2024.