mBank S.A.

Capital/Financing Update • Aug 29, 2018

mBank: Closing of subscription for 500,000,000.00 EUR unsecured bondsunder the EMTN Programme

With regard to the current reports no. 14/2018 dated 11 April 2018 andwith regard to the closing of subscription for 500,000,000.00 EURunsecured bonds to be issued by mBank S.A. with its registered office inWarsaw ("Bank") and with regard to intention of listing the bonds onLuxembourg regulated market, the Management Board of the Bank informs asfollows:

1) Subscription opening and closing date: opening date: 29 August 2018,closing date: 29 August 2018.

2) Bonds allocation date: 29 August 2018.

3) The number of bonds covered by the subscription: 500 000 bonds.

4) Reduction rate in specific tranches, if at least in one of thetranches the number of allocated bonds was lower than the number ofsubscribed bonds: the bonds are to be issued in one tranche with thereduction rate of: 24,32%.

5) The number of bonds subscribed: 660 640 bonds.

6) The number of bonds which we allocated within the subscription: 500000 bonds.

7) The price of acquisition of the bonds: 100% par value.

8) The number of persons which subscribed the bonds in specifictranches: 55.

9) The number of persons to whom the bonds were allocated within thesubscription in specific tranches: 55.

10) The name of underwriters who acquired the bonds under underwritingagreement: N/A.

11) The aggregate nominal amount of subscription, i.e. the product ofnumber of bonds under the offering and the issue price: 500,000,000.00EUR (in words: five hundred million euros) which is equal to2,143,550,000.00 PLN according to average NBP fx rate as of 29 August2018.

12) The total costs which were included in the issuance costs: the Bankwill disclose such information in an updated current report after it hasreceived and accepted all the invoices connected with the issuance.

13) The average cost of subscription per one subscribed bond: the Bankwill disclose such information in an updated current report after it hasreceived and accepted all the invoices connected with the issuance.

14) The way of payment for bonds to be acquired: the payment will bemade to the Bank's account.Legal basis: Article 17 par. 1of MAR (inside information) and § 16 Ordinance of the Minister ofFinance of 29 March 2018 on current and periodic information provided bythe issuers of securities and on conditions under which informationrequired by legal regulations of a third country may be recognized(current report).