mBank S.A.

Capital/Financing Update • Apr 5, 2019

The issuance of 125,000,000.00 CHF unsecured bonds under EMTN Programme

The Management Board of mBank S.A. with its registered office in Warsaw("Bank") informs that on 5 April 2019 the Bank issued, under Euro MediumTerm Note Programme (“EMTN Programme”), unsecured bonds of:

(a) aggregate nominal amount of 125,000,000.00 CHF (in words: onehundred twenty five million Swiss francs), which is equal to477,775,000.00 PLN according to average NBP exchange rate of 5 April2019,

(b) fixed rate: 1,0183% p.a. payable annually,

(c) maturity date: 4 October 2024,

(d) par value of one bond: 200,000 CHF (in words: two hundred thousandSwiss francs), which is equal to 764,440.00 PLN according to average NBPexchange rate from the day of the event,

(e) ISIN code: CH0467182454.

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 EMTN Programme and long-termratings for Bank assigned by S&P and Fitch.

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