mBank S.A. — Capital/Financing Update 2018

Oct 9, 2018

mBank: The private placement issuance of unsecured subordinated bondsin the total amount of PLN 750 mnThe Management Board ofmBank S.A. with its registered office in Warsaw ("Bank") informs that on9 October 2018 the Bank issued (as a private placement issuance carriedout in Poland and addressed to professional clients and eligiblecounterparties within the meaning of MiFID II), two series of unsecuredsubordinated bonds having the following parameters:

1) with regard to 10-year maturity bonds:

(a) aggregate nominal amount of PLN 550 mn (in words: five hundred fiftymillion zlotys),

(b) floating rate: WIBOR 6M + 1.8% p.a. payable semiannually,

(c) maturity date: 10 October 2028,

(d) call option date: 10 October 2023 (subject to KNF approval),

(e) par value of one bond: 500,000.00 PLN (in words: five hundredthousand zlotys).

2) with regard to 12-year maturity bonds:

(a) aggregate nominal amount of PLN 200 mn (in words: two hundredmillion zlotys),

(b) floating rate: WIBOR 6M + 1.95% p.a. payable semi-annually,

(c) maturity date: 10 October 2030,

(d) call option date: 10 October 2025 (subject to KNF approval),

(e) par value of one bond: 500,000.00 PLN (in words: five hundredthousand zlotys).

The bonds are governed by Polish law. The Bank is going to apply toPolish Financial Supervision Authority for qualifying the bonds as theBank's Tier 2 instruments.