mBank S.A.

Capital/Financing Update • Aug 1, 2018

The PFSA decision on imposing on mBank S.A. a buffer of othersystemically-important institution

With reference to the current reports no. 27/2018 of 15 June 2018 and29/2018 of 29 June 2018, the Management Board of mBank S.A. ("Bank")informs on the basis of a Statement of the Polish Financial SupervisionAuthority ("PFSA") of 31 July 2018, that the PFSA, as a result of thereview carried out in accordance with art. 46 par. 1 of the Act of 5August 2015 on Macroprudential Supervision of the Financial System andCrisis Management (Journal of Laws of 2017, item 1934, as amended),after consulting the Financial Stability Committee, imposed on the Bank,both on an individual and consolidated basis, a buffer of othersystemically-important institution in the equivalent equal to 0.50% ofthe total risk exposure amount calculated in accordance with Art. 92par. 3 of the Regulation of the European Parliament and of the Council(EU) No. 575/2013 of 26 June 2013 on prudential requirements for creditinstitutions and investment firms, amending Regulation (EU) No. 648/2012(Regulation No. 575/2013).

The previous buffer stood at 0.75% of the total risk exposure amountcalculated in accordance with Article. 92 par. 3 of Regulation No.575/2013.