mBank S.A.

Audit Report / Information • Jul 31, 2025

This document is a free translation of the Polish original. Terminology current in Anglo-Saxon countries has been used where practicable for the purposes of this translation in order to aid understanding. The binding Polish original should be referred to in matters of interpretation.

Independent Auditor's Report on Review of Condensed Interim Separate Financial Statements

To the Shareholders and Supervisory Board of mBank S.A.

Introduction

We have reviewed the accompanying condensed interim separate financial statements of mBank S.A. (the "Bank"), which comprise:

• the condensed separate statement of financial position as at 30 June 2025,

and, for the three-month and six-month period ended 30 June 2025:

• the condensed separate statement of profit or loss;
• the condensed separate statement of comprehensive income;

and, for the six-month period ended 30 June 2025:

• the condensed separate statement of changes in equity;
• the condensed separate statement of cash flows;

and

• explanatory notes to the condensed interim separate financial statements comprising summary of significant accounting policies and other explanatory information

(the "condensed interim separate financial statements").

The Management Board of the Bank is responsible for the preparation and presentation of these condensed interim separate financial statements in accordance with IAS 34 Interim Financial Reporting, as adopted by the European Union. Our responsibility is to express a conclusion on these condensed interim separate financial statements based on our review.

ul. Inflancka 4A, 00-189 Warsaw, Poland tel. +48 (22) 528 11 00, fax +48 (22) 528 10 09, kpmg@kpmg.pl

KPMG Audyt Spółka z ograniczoną odpowiedzialnością sp.k., a Polish limited partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.

KRS 0000339379 NIP: 527-26-15-362 REGON: 142078130

KPMG Audyt Spółka z ograniczoną odpowiedzialnością sp.k.

Scope of Review

We conducted our review in accordance with the International Standard on Review Engagements 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity as adopted by the resolution of the National Council of Statutory Auditors as the National Standard on Review 2410. A review of interim financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with National Standards on Auditing or International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed interim separate financial statements as at 30 June 2025 are not prepared, in all material respects, in accordance with IAS 34 Interim Financial Reporting, as adopted by the European Union.

On behalf of audit firm KPMG Audyt Spółka z ograniczoną odpowiedzialnością sp.k. Registration No. 3546

Signed on the Polish original

Marcin Podsiadły

Key Statutory Auditor Registration No. 12774 Proxy

Warsaw, 30 July 2025