Bank Millennium S.A.

Audit Report / Information • Dec 12, 2023

Bank Millennium S.A.

December 12, 2023.

Current Report No. 37/2023.

Subject: Decision to terminate contract with auditing firm and selectauditing firm for 2023-2024

The Management Board of Bank Millennium SA. [Bank] announces that onDecember 11, 2023. The Bank has decided to terminate the agreement withthe auditing firm Deloitte Audyt sp. z o.o. sp. k. [Auditor] concludedon 6.05.2021. [the Agreement], by mutual agreement of the parties.

The subject matter of the Agreement concerns the provision by theAuditor of the audit and review of the financial statements of the Bankand the Bank's Capital Group for the years 2021-2023, prepared inaccordance with the International Financial Reporting Standards andother applicable laws, i.e..:

1] the statutory audit of the stand-alone and consolidated financialstatements of the Bank and the Bank Capital Group for the years2022-2023,

2] review of the semi-annual standalone and consolidated financialstatements of the Bank and the Bank Capital Group.

The decision to terminate the Agreement was the decision of both partiesto the Agreement. The reason for the termination of the Agreement is theuncertainty of the possibility of performing the Agreement for reasonsattributable to the Auditor, which results from the decision of thePolish Audit Supervision Agency issued against the Auditor, imposing atemporary ban on the provision of services covered by the nationalstandards of professional performance.

In addition, the Bank informs that there were no instances of expressingin the reports on the audit of financial statements or consolidatedfinancial statements, either opinions with disclaimer, nor negativeopinions, nor refusal to express opinions. There were also no cases ofexpressing in the reports on the review of condensed financialstatements or condensed consolidated financial statements, eitherconclusions with disclaimer, nor subject to negative conclusions, norrefusal to express conclusions.

During the term of the Agreement, there were no discrepancies regardingthe interpretation and application of the law or the provisions of theBank's Articles of Association regarding the subject matter and scope ofthe audit, review or other services between the Bank's Management Boardand the Auditor who performed the audit, review or other servicesregarding the Bank's financial statements or Bank's Capital Groupconsolidated financial statements.

The decision-making process for the termination of the Agreement on theBank's side included the Bank's Supervisory Board's approval of thetermination of cooperation with the Auditor, made on the basis of theManagement Board's recommendation and taking into account therecommendation of the Audit Committee of the Supervisory Board in thisregard.

The Auditor's letter, addressed to the Financial Supervisory Commission,explaining the reasons for termination of the Agreement will bepublished after it is obtained by the Bank.

At the same time, the Bank announces that on December 11, 2023, theBank's Supervisory Board decided to select the audit firm DeloitteAssurance Sp. z o.o. for the audit of the financial statements of theBank and the Bank Group for 2023-2024, including the statutory audit.

Legal: §5 [3] and §8 of the Ordinance of the Minister of Finance datedMarch 29, 2018 on current and periodic information provided by issuersof securities and conditions for recognizing as equivalent informationrequired by the laws of a non-member state [Journal of Laws 2018, item757].