mBank S.A.

Pre-Annual General Meeting Information • Feb 25, 2021

Resolution of the Management Board of mBank S.A. regarding motionregarding division of profit earned in 2020 and undivided profits fromprevious years, approved by the Supervisory Board - without payment ofdividend

The Management Board of mBank S.A. "Bank" announces that on 25 February2021 the Management Board adopted a resolution on providing the OrdinaryGeneral Meeting with motion regarding division of profit earned in 2020and undivided profits from previous years in the following manner:

1. The net profit earned by mBank S.A. in 2020, amounting to PLN 93 047443,23 is left undivided.

2. The General Meeting of mBank S.A. decides not to perform the divisionof the undivided profits from previous years, amounting to PLN 2 005 433425,78.

The motion regarding division of profit does not envisage payment ofdividend.

The resolution of the Management Board of the Bank on the submission ofthe motion concerning the distribution of the net profit generated in2020 and undivided profits from previous years for consideration of theAnnual General Meeting of the Bank was submitted for evaluation to theSupervisory Board pursuant to Article 382 § 3 of the Code of CommercialCompanies.

On 25 February 2021 the Supervisory Board of the Bank adopted aresolution regarding the motion of the Management Board on providing theOrdinary General Meeting with motion regarding division of profit earnedin 2020 and undivided profits from previous years - in accordance withthe motion submitted by the Management Board.