Abak Spolka Akcyjna

Legal Proceedings Report • Sep 29, 2023

Costs of legal risk related to foreigncurrency loansThe Management Board of mBank S.A.(_quot;Bank_quot;) informs that in connection with the decision taken on September29, 2023 by the Bank, the costs of legal risk related to foreigncurrency loans in CHF recognized in Q3 2023, amounted to PLN 1,061million. These costs result mainly from the updates to the expecteddistribution of court judgements, estimated cost of the settlementprogram, as well as amendments of other model and market parameters.

The Bank informs that the estimated preliminary net result for Q3 2023will be negative, while the gross result will be positive. At the sametime, the Bank informs that in Q3 2023, positive results in the corebusiness continued. Assuming no other negative unforeseen events, theexpected gross result for 9 months of 2023 will be positive and the netresult will be close to zero.

The mBank Group Tier 1 Capital Ratio and the Total Capital Ratio for Q32023 are expected to be at similar levels to those reported for Q2 2023.The current capital requirements for mBank Group are 10.0% for the Tier1 Capital Ratio and 12.3% for the Total Capital Ratio. The surplusesabove the capital requirements for Q3 2023 are expected to be at oraround the levels reported for Q2 2023. The liquidity ratios exceed theregulatory requirements.