Bank Millennium S.A.

Capital/Financing Update • Dec 22, 2023

Bank Millennium S.A.

22 December, 2023

Current Report no. 40/2023

SUBJECT: Decision of Polish Financial Supervision Authority onadditional own funds requirements on consolidated level [P2R buffer].

The Management Board of Bank Millennium S.A. [the Bank], hereby reportsthat on 21th of December 2023, it received from the Polish FinancialSupervision Authority [PFSA] a decision regarding additional own fundsto secure risk resulting from FX mortgage for households loan portfolio[P2R buffer]. The new requirement for the Bank at consolidated basis wasset at the level of 1.46 percentage points above the value of totalcapital ratio defined in the art. 92.1.c of regulation [EU] No 575/2013of the European parliament and of the Council of 26 June 2013 onprudential requirements for credit institutions and investments firmsand amending Regulation [EU] No 648/2012 [Official Journal of the EU L176 as of 27 June 2013 r., as amended - further referred as to"regulation No 575/2013"]. The P2R buffer should consist of at least 75%of Tier I capital [which corresponds to 1.10 percentage points above thevalue of Tier I capital defined in art.92.1.b of regulation No 575/2013]and at least 56.25% of core Tier I capital [which corresponds to 0.82percentage points above the value of core Tier I capital defined inart.92.1.a of regulation No 575/2013]. The decision was taken based onarticle 138 sec. 2 point 2 of the Banking Act.

The new level of P2R buffer at the TCR level is 48 basis points lowercompared to the level communicated on December 30, 2022.

Legal base: Art. 17.1 of MAR