Bank Millennium S.A.

Legal Proceedings Report • Apr 5, 2023

Bank Millennium S.A.

April 5, 2023

Current report no. 14/2023

SUBJECT: Creation of provisions against legal risk related to FXmortgage loans portfolio in 1Q 2023.

The Management Board of Bank Millennium S.A. (_#8216;the Bank') informs thatit took a decision to create in its 1st quarter 2023 accounts, PLN 484million of provisions for legal risk connected with FX mortgage loansoriginated by the Bank. Additionally, PLN 43 million worth of provisionswere created against legal risk related to the loan book originated byformer Euro Bank S.A. but without a bottom line impact.

Furthermore, the Management Board decided to make conservativeadjustments in the methodology used to calculate such provisions inanticipation of further potential negative trends. These translated intoan additional provision of PLN 337 million for Bank Millenniumoriginated loans.

Taking into consideration the positive results from the core businessactivity, the gain on transaction communicated in current report no.7/2023 of February 13, 2023 and the above mentioned provisions, theManagement Board expects the Bank to have a positive net result in 1stquarter 2023 at a level broadly similar to this reported in the 4thquarter 2022.

More information about these factors and 1st quarter 2023 financialresults will be disclosed in a quarterly report scheduled for April 28,2023.

Legal basis: art. 17 section 1 MAR - confidential information