mBank S.A.

Remuneration Information • Dec 14, 2021

End of acceptance of statements on acquisition of shares under theIncentive Programme for Members of the Management BoardTheManagement Board of mBank S.A. (the "Bank") announces that the IncentiveProgramme for key employees of mBank Group, effectuated on the basis ofresolution no 20 and resolution no 21 of the Ordinary General Meeting ofBRE Bank S.A. (currently mBank S.A.), dated 14 March 2008, as amended(the "Programme") ended on 3 December 2021.

Subscriptions for shares of mBank S.A. (the "Shares") under theProgramme were accepted in the following subscription periods set inresolutions of the Supervisory Board of mBank S.A.:

1. from 15 to 29 June 2010, from 15 to 29 November 2010;

2. from 6 to 20 June 2011, from 14 to 28 November 2011;

3. from 3 to 18 June 2012;

4. from 3 to 17 June 2013, from 12 to 26 November 2013;

5. from 2 to 16 June 2014, from 23 to 27 June 2014;

6. from 1 to 8 June 2015, from 1 to 7 September 2015;

7. from 1 to 7 June 2016, from 1 to 7 September 2016;

8. from 1 to 7 June 2017, from 1 to 7 September 2017;

9. from 3 to 7 September 2018, from 2 to 8 November 2018;

10. from 2 to 6 September 2019, from 4 to 8 November 2019;

11. from 1 to 7 September 2020, from 2 to 7 November 2020;

12. from 1 to 7 September 2021, on 30 November 2021, on 3 December 2021.

Since the Shares were issued under a conditional share capital increase,there was no formal allotment of the Shares. Forthwith after the end ofeach subscription period, as a result of registration in KDPW S.A. andintroduction to trading on the regulated market, the Shares werecredited to the securities accounts kept for the eligible personsindicated by them in the deposit instructions submitted together withsubscriptions for the Shares.

The Shares were credited to the accounts of the eligible personsprovided that they were subscribed and paid for in accordance with theprinciples set out in the Programme Regulations.

Upon registering the conditional share capital increase, in accordancewith Article 452 (4) of the Code of Commercial Partnerships andCompanies, the Management Board of the Bank filed with the registrycourt a specification of the Shares acquired by the eligible personswithin one week after the end of each successive month. After the Shareswere acquired by the eligible persons in accordance with Article 451 (1)of the Code of Commercial Partnerships and Companies, the share capitalwas increased by the total nominal value of the Shares acquired by theeligible persons based on the submitted subscriptions for the Shares. Inaccordance with Article 452 (1) of the Code of Commercial Partnershipsand Companies, the rights arising from the Shares were acquired by theeligible persons and the share capital was increased at the time whenthe Shares were credited to the securities accounts of the eligiblepersons.

The rights arising from the Shares were acquired by the eligible personsat the time when the Shares were credited to the securities accountsindicated by those persons (the Shares were credited to the securitiesaccounts of investors in accordance with the applicable regulations ofKDPW).

Summary of the Programme:

1/ under the Programme the participants were entitled to acquire 550,000ordinary bearer shares of the Bank issued as part of the conditionalincrease in the share capital;

2/ eligible persons subscribed for 183,642 ordinary bearer shares of theBank;

3/ 183,642 ordinary bearer shares of the Bank were acquired;

4/ 18 persons subscribed for the shares;

5/ 18 persons took up shares.

Due to the legal construction of the issue, no reduction rates wereapplied.

The Shares were acquired at the issue price of PLN 4 per share.