mBank S.A. — Capital/Financing Update 2019

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.