mBank S.A.

Board/Management Information • Mar 27, 2020

Election of the Supervisory Board of mBank S.A. for a new term of office

The Management Board of mBank S.A. hereby announces that on March 27,2020, the XXXIII Annual General Meeting of mBank S.A. elected eightmembers of the Supervisory Board for a joint term of three years asfollows:

Agnieszka Słomka-Gołębiowska

Agnieszka Słomka‐Gołębiowska is a Professor at the Department ofInternational Comparative Studies at the Warsaw School of Economics. Sheholds PhD in Economics and MSc. in Finance and Banking from the WarsawSchool of Economics, as well as she completed MBA from the FrenchInstitute of Management and MA in International Business at theCopenhagen Business School. She has participated in numerous ExecutiveEducation courses, including in the IESE / Harvard Business SchoolProgram 'Value Creation Through Effective Boards'. In 2000–2002 sheworked at Arthur Andersen. In 2006, she was appointed Director of thePrivatisation Department of the Industrial Development Agency,responsible for corporate governance and privatization. AgnieszkaSłomka‐Gołębiowska possess 14 years of extensive experience on boards oflarge international publicly listed and private companies, includingactive participation in audit, risk, remuneration and nominationcommittees as well as IT and security. In the years 2006 – 2008Agnieszka Słomka‐Gołębiowska was a Member of the Supervisory Board ofBUMAR. She held Supervisory Board Member as well as Audit andRemuneration Committee Member positions at Bank BPH in the years2008‐2014. As of 2014 she is appointed a Supervisory Board as well asAudit and Risk Committee Member at mBank. In years 2018‐2019 she wasalso a Vice Chairperson of Supervisory Board of TransEU. As of 2017 sheholds Audit Committee Member position at United Nations World FoodProgram – WFP and as of 2019 Supervisory Board and Audit CommitteeMember positions at Budimex S.A.

She received prestigious awards including Alexander von HumboldtFellowship and Polish‐American Fulbright Fellowship at the University ofCalifornia, Berkeley (Haas), where she cooperated with prof. OliverWilliamson ‐ Nobel Prize winner in economics. She was visiting scholarat universities in Cambridge (MIT), Tucson (UOA), Munster, Copenhagen(CBS), Birmingham (BBS), Berlin (HSoG), Genoa (UoG ‐ Law School),Florence (UnFI) and Vienna (WU). Since 2005, she has been a member ofthe Polish Institute of Directors, a founding member of the board ofexperts of the Forum of Supervisory Boards established in cooperationwith PwC and SEG, and cooperates with the Institute of Accounting andTaxes, disseminating the current state of knowledge about thefunctioning of boards. In 2019, she received the Corporate GovernancePersonality Award. She is a global ambassador of the Bank of America andVital Voices Partnership Program on women entrepreneurship andempowerment.

Bettina Orlopp

Bettina Orlopp is Member of the Board of Managing Directors ofCommerzbank AG. As of 1 March 2020, she is appointed as Chief FinancialOfficer at Commerzbank AG responsible for the group‐wide Finance,Treasury, Tax as well as Investor Relations functions. In 2014, Mrs.Orlopp started at Commerzbank AG as a Divisional Board Member for GroupDevelopment & Strategy, focus of work: Strategy, M&A, Corporate Finance(strategic balance sheet and capital management), Corporate lnvestments,Central Eastern Europe (CEE) Head office, CommerzVentures (Corporateventures unit). In 2016, she entered as Executive Board Memberresponsible for Compliance, HR and Legal and became a Member of theBoard of Managing Directors by end of 2017 responsible for the samedivisions. Before joining Commerzbank she worked for McKinsey since 1995(since 2002 as partner). Mrs. Orlopp is a member of different committeesat Commerzbank, e. g.: Asset Liability Committee (ALCO): responsible forthe group wide steering of financial resources capital, liquidity andbalance sheet of Commerzbank Group; Strategic Risk Committee: Discussionand decision committee regarding the controlling and steering of allkind of risks on portfolio level; Operational Risk Committee: Control ofoperational risks within the Group. Bettina Orlopp graduated from theUniversity of Regensburg with Diploma in business and administration(finance and production). She completed a Ph.D. at the university ofRegensburg, thesis title: "Appraisal rights of minority shareholders ‐ acomparative, economic analysis of the regulations in Germany, USA andEngland".

Aleksandra Gren

Aleksandra Gren Graduated from Harvard Business School (Negotiations),London School of Economics (European Policy and Politics) and Universityof British Columbia (International Relations). FinServ technologyexecutive with 22+ years of professional experience in bankingtechnology and banking. Started her career at the Royal Bank of Canadain Vancouver and has since worked for US‐based fintech companies in theUS, Middle East and Europe. 15+ years in leadership, Board Member andAdvisory roles.

Proven track record of high‐value, successful partnerships andtransformational initiatives in the banking sector. Recognized byLondon‐based Banking Technology Awards and PayTech Leadership Awards inTop 10 women in tech in 2016 and 2018.

Named Global Ambassador and Mentor by Bank of America GAP GlobalLeadership Development and Mentoring Program for emerging entrepreneursin the US in March 2019.

Joerg Hessenmueller

Joerg Hessenmueller graduated from Hochschule für Bankwirtschaft inFrankfurt am Main in 1997 and was awarded a Master's in Management(Diplom – Betriebswirt (FH)). From 1989 to 2009 he worked for DresdnerBank, holding the position of, among others, Head of Financial Controlresponsible for London, New York, Moscow, Sao Paulo and Asia. In 2009,Mr Hessenmüller was appointed Managing Director in Commerzbank Group andworked as the Head of Investment Banking Finance, Group Finance and wasalso responsible for controlling and management reporting of Corporates& Markets, the Portfolio Restructuring Unit, Group Treasury and PublicFinance. From April 2012 to June 2016, he was the Member of theManagement Board of mBank S.A. responsible for finance area (CFO).

Since July 2016, Mr. Hessenmueller has been the Managing Director inCommerzbank Group responsible for Group Management Development andStrategy. Currently Mr. Hessenmueller acts as a Member of the Board ofManaging Directors - Chief Operating Officer at Commerzbank AG.

Marcus Chromik

Marcus Chromik studied in Munich, Göttingen, and Kiel. He also spenttime in the US engaged in scientific research in Michigan. Mr Chromikholds a PhD in nuclear physics. He started his professional career withMcKinsey in 2001. In 2004 he joined Postbank Group, where he heldvarious executive positions, including new issues and syndication,liquidity management, and Credit Treasury. Then he served as ChiefMarket Risk Officer for Commerzbank for more than three years and wasresponsible for the Bank’s market and liquidity risk management.

Dr Marcus Chromik has been a Divisional Board Member and Chief CreditRisk Officer for the Core Bank since 2012. On 4 November 2015, theSupervisory Board of Commerzbank appointed him to the Board of ManagingDirectors. He took up his post as Chief Risk Officer on 1 January 2016.

Ralph Michael Mandel

Ralph Michael Mandel completed Business Administration at the Universityof Münster. In 1986‐2000 he was associated with Dresdner Bank, where hewas responsible for private banking. In 2000‐2002 he was a consultant inMcKinsey & Company.

Since 2002 Ralph Michael Mandel has been associated with Commerzbank AG,where he assumed the position of Business Development Director in theprivate customers segment. In 2008 he was appointed CEO of ComdirectBank AG. Since 2010 he was the Member of the Divisional Board ofCommerzbank AG ‐ Private Customers. In May 2016, Ralph Michael Mandelwas appointed a Member of the Board of Commerzbank AG responsible forthe business segment Private Customers.

Mirosław Godlewski

Mr. Godlewski has a Master diploma from Industry Management Faculty,Warsaw University of Technology and he has MBA from Ashridge ManagementCollege and AMP from Harvard Business School.

Currently Mr. Godlewski is Senior Advisor with BCG, Supervisory BoardMember at Absolvent.pl, Chairman of Supervisory Board at Eubioco Sp z o.o. and Angel Investor & Partner with Hedgehog Fund.

Mr. Godlewski was Supervisory Board Member at Netia S. A., Celon PharmaS.A., ABC Data S.A. and also a Member of Remuneration and NominationCommittee. In the period of 2007 – 2014 he was the President and CEO atNetia SA. Mr. Godlewski held managerial positions at Opoczno S.A., DECSp. z o.o., Pepsi‐Cola Polska and MEMRB Polska.

Tomasz Bieske

Tomasz Bieske is a master's degree in economics, a graduate of theUniversity of Cologne, Germany. After the university for six years heworked in the headquarters of Dresdner Bank in Frankfurt In 1988, Mr.Tomasz Bieske moves to the Arthur Andersen office in Frankfurt, and ayear later he is a co‐founder of Artur Andersen in Poland, a partner,director of the Financial Markets Group. He is responsible for workingwith clients in the financial sector, auditing the financial statementsof leading banks in Poland, transactions of sale of bank irregular loanportfolios and valuation of private banks' shares. He participates in anumber of due diligence processes commissioned by foreign investors.From 2001 at Ernst & Young was appointed Partner and Director of theFinancial Markets Group, the Audit and Business Advisory combinedcompany. He participated in the majority of the most important projectsin the financial services sector: preparing a public offering of PKO BPSA and Kredyt Bank SA, the audit of financial statements: the PolishNational Bank, PKO BP SA, Pekao SA, Getin Holding and number of otherbanks and ZUS. He managed many projects in the banking sector:development of the concept of GPW privatization, preparation of anoperational change plan at the Ministry of Finance and merger of fourstate‐owned banks at Pekao SA prior to its privatization.

In 2011 participates in the work of the committee for regulatory changesand business banking cooperative (Fourth European Union directive,proposed amendments to Polish legislation, cooperation with the Ministryof Finance and the Financial Supervision Authority) as well as workingclosely with the Polish Banks Association and the National Associationof Cooperative Banks. Mr. Bieske has a license of a Polish statutoryauditor. In 2011, he received the gold medal of the Polish BankAssociation for participation in the development of banking in Poland inthe years 1991 ‐ 2011. From June 2013, a member of the SupervisoryBoards of companies listed on the WSE, currently a member of theSupervisory Boards of KRUK SA and mBank SA. In 2019, he completed the3‐month Oxford Fintech Program. From 2019, he has been a member of theAssociation of Independent Supervisory Board Members. He is fluent inEnglish and German.

According to the information available to mBank S.A., the aforementionedpersons are not involved in any business competitive with mBank S.A. andhave no records in the Register of Insolvent Debtors maintained underthe National Court Register Act.

In accordance with the criteria applied by the Bank, the followingpersons are independent members of the Supervisory Board of the Bank:

1. Agnieszka Słomka-Gołębiowska,

2. Aleksandra Gren,

3. Mirosław Godlewski,

4. Tomasz Bieske.

Additionally, on March 27 2020, Ms. Agnieszka Słomka-Gołębiowska waselected as the Chairman of the Supervisory Board, and Mr JoergHessenmueller as the Deputy Chairman of the Supervisory Board.