Bank Millennium S.A.

Capital/Financing Update • Apr 26, 2024

Report Content Bank Millennium S.A.

26th April 2024

Current Report No. 16/2024

SUBJECT: Update report - summary of the costs of subscription for seniornon-preferred notes with total nominal value of EUR 100 million issuedunder the EMTN Programme

With regard to the current report no. 30/2023 of 25 September 2023regarding closing of the subscription for senior non-preferred noteswith total nominal value of EUR 100 million issued under the EMTNProgramme, the Management Board of Bank Millennium S.A. [Bank] informsas follows:

1. the total costs, including VAT, which are categorized as transactionrelated expenses, are divided into the following cost categories:

a] costs of preparing and conducting the offer: PLN 1,972,263.14,

b] costs of remuneration of underwriters: not applicable,

c] costs of prospectus preparation including advisory costs: notapplicable,

d] costs of promotion: not applicable.

The aggregate sum of the above mentioned costs is PLN 1,972,263.14.

Methods of accounting for costs in the accounting books and the methodof their recognition in the issuer's financial statements: the costs arerecognised once in the profit and loss account at the time they areincurred, with the exception of: the costs of rating the notes, thedealers' commission and the costs of legal advice, which are settledover time until the maturity date of the notes.

2.The average cost of subscription per one subscribed note: PLN1,972.26. This cost does not include the costs of prospectuspreparation, as this cost was incurred in the earlier issue.

The costs were calculated by the Bank with duty of care and includingVAT.

Legal basis: § 16 of the Ordinance of the Minister of Finance of 29March 2018 on current and periodic information provided by issuers ofsecurities and on conditions under which information required by legalregulations of a non-member state may be recognized.