Bank Millennium S.A.

Report Publication Announcement • May 28, 2025

Report Content Bank Millennium S.A.

May 28, 2025

Current Report no. 22/2025

SUBJECT: Upgrade of key ratings for Bank Millennium and change theoutlook to stable by Fitch rating agency.

Bank Millennium S.A's [Bank] Management Board informs that on May 28,2025, Fitch Ratings [Fitch] upgraded the Bank's Long-TermForeign-Currency Issuer Default Rating [LT IDR] and Long-Term LocalCurrency IDR [LC LT IDR] to 'BBB-' from BB+ and changed the outlook forthese ratings to 'stable'. Additionally, Fitch upgraded the ViabilityRating [VR] for the Bank to 'bbb-' from 'bb+' and upgraded the ratingfor the senior non-preferred bonds issued by the Bank to 'BBB-' from'bb+'.

According to Fitch "The upgrade reflects a continued reduction in legalrisks associated with foreign-currency mortgage loans, resulting in astronger business profile, as evidenced by steadily improving operatingprofitability and a record of adequate capital buffers. We believe thebank's medium-term strategy and its execution are no longersignificantly constrained by these legacy risks, which are reducing."

The full list of rating action and the text of the original ratingreport of Fitch are available at Fitch's website:

https://www.fitchratings.com/research/banks/fitch-upgrades-bank-millennium-sa-to-bbb-outlook-stable-28-05-2025

Legal base: Art. 17.1 of MAR