Bank Millennium S.A.

Share Issue/Capital Change • Jul 20, 2023

Bank Millennium S.A.

Date: 20 July 2023

Current Report No. 23/2023

SUBJECT: Conversion of 128 registered shares of the Bank to bearershares and establishing the date of their first listing afterassimilation.

The Management Board of Bank Millennium S.A. [the Bank] hereby informsabout change of rights under shares issued by the Bank, consisting inconversion of 128 ordinary registered shares to 128 bearer shares.

The legal basis for the steps taken is par. 30 sect. 5 of the Bank'sArticles of Association, in accordance with which assimilation of sharesin The Central Securities Depository of Poland, after submission byshareholders of applications to convert shares from registered shares tobearer shares at the Bank's expense, is made once in every calendar yearand comprises all applications filed with the Bank until end of thesecond quarter of the particular year.

Before the conversion, these shares were ordinary registered shares, andafter the conversion, they became bearer shares.

The Bank's shareholders' equity after making the above-describedconversion, will not change and it shall be 1.213.116.777 PLN. Totalnumber of votes at the Bank's General Shareholders' Meeting after makingthe conversion shall be 1.213.178.377 votes.

On 13 July 2023 the Management Board of The Warsaw Stock Exchange [WSE]in Warsaw passed resolution No. 773/2023 in the matter of introductionto trading on the WSE Main Market shares of Bank Millennium S.A. [theResolution]. The Resolution was passed in relation to an applicationsubmitted earlier, in which the Bank applied to WSE for introduction totrading on the primary market of 128 bearer shares of the Bank, whichemerged after conversion from registered shares following theirassimilation with shares listed on WSE bearing the code ISINPLBIG0000016.

Pursuant to the Resolution the Management Board of WSE decided tointroduce on 20 July 2023 to trading on the primary market 128 shares ofBank Millennium S.A. with nominal value of PLN 1 each, identified by TheCentral Securities Depository of Poland [CSDP] with the codePLBIG0000024, provided that on 20 July 2023 CSDP converts these sharesto ordinary bearer shares and assimilates them on 20 July 2023 withshares of Bank Millennium S.A, which are traded on the stock exchangeand bear the code PLBIG0000016.

The Bank's Management Board informs at the same time that on 14 July2023 Central Securities Depository of Poland decided to performassimilation after conversion of 128 registered shares issued by theBank [ISIN code of the shares to be assimilated after conversion:PLBIG0000024]. The date was set for performing assimilation afterconversion in the depository system for 20 July 2023. ISIN code of thesecurities of the basic issue is PLBIG0000016.

Legal basis:

Par. 5 point 2] of the Regulation of the Minister of Finance of 29 March2018 on current and periodical information disclosed by issuers ofsecurities and conditions to be met when recognising as equivalent theinformation disclosed under laws of a state which is not a member state.