mBank S.A. — Capital/Financing Update 2018

May 23, 2018

Management Board resolution extending the acceptable stock exchangemarkets for the New EMTN Programme

With regard to the current report no. 14/2018, the Management Board ofmBank S.A. with its registered office in Warsaw ("Bank") informs that on23 May 2018 the Management Board adopted a resolution regarding theextension of the stock exchange markets on which the debt instrumentsissued under the Euro Medium Term Note Programme directly by the Bank,may be listed.

Apart from the possibility of listing on the Luxembourg Stock Exchangeor on the stock exchange located in any other European Union country,the extension allows for the listing on the stock exchange located inany other European country.