mBank S.A.

Capital/Financing Update • Sep 15, 2021

Closing of the subscription for senior non-preferred bonds (NPS) with atotal nominal value of EUR 500 000 000 issued under the EMTN Programme

The Management Board of mBank S.A. with its registered office in Warsaw("Bank") informs about closing of the subscription for seniornon-preferred notes (NPS) with a total nominal value of EUR 500 000 000.The issuance of notes is carried out under EMTN Programme dated 11 April2018 and updated on 25 August 2021. In connection with the intention tointroduce the bonds to listing on the regulated market in Luxembourg, inaccordance with Art. 60.2 in connection with Art. 56.1.2).a) of the Acton Public Offering, the Management Board of the Bank informs as follows:

1)Subscription opening date: 15 September 2021

Subscription closing date: 15 September 2021

2) Bonds allocation date: 15 September 2021

3) The number of bonds covered by the subscription: 5 000 bonds

4) Reduction rate in specific tranches, if at least in one of thetranches the number of allocated bonds was lower than the number ofsubscribed bonds: the bonds are to be issued in one tranche with thereduction rate of: 58.37%

5) The number of bonds subscribed: 12 010 bonds

6) The number of bonds which we allocated within the subscription: 5000bonds

7) The price of acquisition of the bonds: 100% par value,

8) The number of persons which subscribed the bonds in specifictranches: 104

9) The number of persons to whom the bonds were allocated within thesubscription in specific tranches: 89

10) The name of underwriters who acquired the bonds under underwritingagreement: not applicable

11) The aggregate nominal amount of subscription, i.e. the product ofnumber of bonds under the offering and the issue price: 500 000 000.00EUR (in words: five hundred million euros) which is equal to 2 275 100000.00 PLN according to average NBP exchange rate as of 15 September 2021

12) The total costs which were included in the issuance costs: the Bankwill disclose such information in an updated current report after it hasreceived and accepted all the invoices connected with the issuance

13) The average cost of subscription per one subscribed bond: the Bankwill disclose such information in an updated current report after it hasreceived and accepted all the invoices connected with the issuance

14) The way of payment for bonds to be acquired: the payment will bemade to the Bank's account.

Legal basis: Article 17 par. 1 of MAR (inside information) and § 16Ordinance of the Minister of Finance of 29 March 2018 on current andperiodic information provided by the issuers of securities and onconditions under which information required by legal regulations of athird country may be recognized (current report).