Bank Millennium S.A.

Capital/Financing Update • Feb 4, 2025

Bank Millennium S.A.

Date: 4 February 2025

Current Report No. 7/2025.

Subject: Decision of Polish Financial Supervision Authority on theexpiration of the decision on additional own funds requirements [P2Rbuffer] on consolidated basis

The Management Board of Bank Millennium S.A. [the Bank], hereby reportsthat it received Polish Financial Supervision Authority's [PFSA]decision regarding the expiration of the decision of PFSA from 21stDecember 2023 on additional own funds to secure risk resulting from FXmortgage for households loan portfolio [P2R buffer] on consolidatedbasis. The Bank informed about this decision in the Current Report No.40/2023 of 22 December 2023.

Before the receipt of the decision, the Bank was, on consolidated basis,obliged by PFSA to maintain the P2R buffer at the level of 1.46 p.p.over the value of the total capital ratio which consisted of at least75% of Tier 1 capital [which corresponds to the capital requirement atthe level of 1.10 p.p. over the value of the Tier 1 capital ratio] andat least 56.25% of Common Equity Tier 1 capital [which corresponds to acapital requirement of 0.82 p.p. over the value of the Common EquityTier 1 capital ratio].

Legal basis:Article 17[1] of Regulation [EU] No 596/2014 of theEuropean Parliament and of the Council of 16 April 2014 on market abuse[market abuse regulation] and repealing Directive 2003/6/EC of theEuropean Parliament and of the Council and Commission Directives2003/124/EC, 2003/125/EC and 2004/72/EC Text with EEA relevance