mBank S.A.

Legal Proceedings Report • Mar 28, 2024

Report Content Costsof legal risk related to foreign currency loans

TheManagement Board of mBank S.A. (_quot;Bank_quot;) informs that in connection withthe decision taken on March 28, 2024 by the Bank, the costs of legalrisk related to loans indexed to foreign currencies recognized in Q12024, amounted to PLN 1058.0 million. The costs are mainly due to_#160;updatingmodel parameters for the future expected costs of execution of courtjudgments, in particular updating estimates of statutory interest costsin relation to the pending court cases.

TheBank informs that the estimated preliminary net result for Q1 2024 willbe positive. At the same time, the Bank informs that in Q1 2024,positive results in the core business continued and total revenues wereat similar level to Q4 2023.

ThemBank Group Tier 1 Capital Ratio and the Total Capital Ratio for Q1 2024are expected to be considerably higher than the required levels whichfor mBank Group amount to 9.1% for the Tier 1 capital ratio and 11.1%for the Total Capital Ratio. It is expected that surpluses above thecapital requirements for Q1 2024 will exceed 4.5 p.p. over Tier 1Capital Ratio and Total Capital Ratio. The liquidity ratiossignificantly exceed the regulatory requirements.