Bank Millennium S.A. — Capital/Financing Update 2021

Nov 2, 2021

Bank Millennium S.A.

2nd November 2021

Current Report no. 31/2021

SUBJECT: Decision of Polish Financial Supervision Authority with orderon additional own funds requirements (buffer for FX households mortgages)

The Management Board of Bank Millennium S.A. ("the Bank"), herebyreports that on 2nd of November 2021, it received from the PolishFinancial Supervision Authority ("PFSA") the decision with orderregarding maintaining additional own funds (on non-consolidated basis)at the level of 2.82 percentage points above the value of total capitalratio defined in the art. 92.1.c of regulation (EU) No 575/2013 of theEuropean parliament and of the Council of 26 June 2013 on prudentialrequirements for credit institutions and investments firms and amendingRegulation (EU) No 648/2012 ("CRR"), in order to secure the riskresulting from FX mortgage for households loan portfolio, which shouldconsist of at least 75% of Tier I capital (which corresponds to 2.11percentage points above the value of Tier I capital defined inart.92.1.b of CRR) and at least 56% of core Tier I capital (whichcorresponds to 1.58 percentage points above the value of core Tier Icapital defined in art.92.1.a of CRR). The new level of the additionalown funds is lower by 59 basis points compared with the levelcommunicated on the 26th of November, 2020.

The decision was taken based on article 138 sec. 2 point 2 of theBanking Act.

As a result of the above decision, the Bank needs to comply with theminimum capital ratios presented in the attachment.

At the date of this current report, the Bank fulfils the PFSArequirements related to the minimum capital ratios on both theindividual and consolidated levels.

Legal base: Art. 17.1 of MAR

Attachment to the Current Report No. 31/2021