mBank S.A. — Capital/Financing Update 2018

Jun 7, 2018

mBank issued 180,000,000.00 CHF unsecured bonds under EMTN Programme

With regard to the current reports no. 14/2018 dated 11 April 2018 andno. 25/2018 dated 23 May 2018, the Management Board of mBank S.A. withits registered office in Warsaw ("Bank") informs that on 7 June 2018 theBank issued, under EMTN Programme, unsecured bonds of:

(a) aggregate nominal amount of 180,000,000.00 CHF (in words: onehundred eighty million Swiss francs), which is equal to 660,906,000.00PLN according to average NBP fx rate of 7 June 2018,

(b) fixed rate 0,565% p.a. payable annually,

(c) maturity date: 7 June 2022,

(d) par value of a bond: 5,000 CHF (in words: five thousand Swissfrancs), which is equal to 18,358.50 PLN according to average NBP fxrate of 7 June 2018,

(e) ISIN code: CH0418609613.

Rating agencies S&P Global Ratings (S&P) and Fitch Ratings (Fitch)assigned the above-mentioned issue credit rating of „BBB+” (in case ofthe former) and „BBB” (in case of the latter). Those credit ratings areconsistent with credit rating for the Euro Medium Term Note Programmeand long-term ratings for mBank assigned by S&P and Fitch.

The bonds are governed by English law and are going to be listed on SIXSwiss Exchange Ltd.