mBank S.A. — Capital/Financing Update 2021

Sep 20, 2021

Admission to trading on the Luxembourg Stock Exchange of seniornon-preferred bonds (NPS) with a total nominal value of EUR 500 millionissued under the EMTN Programme.

With regards to the current reports no. 40/2021 dated 15 September 2021,the Management Board of mBank S.A. with its registered office in Warsaw(_quot;Bank_quot;) informs that on 20 September 2021, senior non-preferred bondsissued under EMTN Programme have been admitted to trading on LuxembourgStock Exchange with the following parameters:

a) aggregate nominal amount: 500,000,000.00 EUR (in words: five hundredmillion euros) which is equal to 2,299,950,000.00 PLN according toaverage NBP exchange rate as of 20 September 2021,

b) coupon: (i) during five years since the issue date - fixed in theamount of 0.966% p.a., payable annually, (ii) during the sixth year -floating, based on 3M EURIBOR plus a margin of 1.25% p.a., payablequarterly,

c) issue date: 20 September 2021,

d) maturity date: 21 September 2027,

e) optional redemption date: 21 September 2026,

f) par value of one bond: 100,000.00 EUR (in words: one hundred thousandeuros) which is equal to 459,990.00 PLN according to average NBPexchange rate as of 20 September 2021,

g) number of bonds admitted to trading: 5 000 bonds,

h) series: 11

i) ISIN code: XS2388876232.

The admission to trading date and the date of the first listing is: 20September 2021.

Rating agencies S_amp;P Global Ratings (S_amp;P) and Fitch Ratings (Fitch)assigned to the above-mentioned issue credit rating of _#8216;BBB-'.

The bonds are governed by English law. However, the status of the bonds,waiver of set-off and the clause regarding acknowledgement of bail-inand loss absorption powers, are governed by Polish law.

Legal basis : § 17 Ordinance of the Minister of Finance of 29 March 2018on current and periodic information provided by the issuers ofsecurities and on conditions under which information required by legalregulations of a third country may be recognized - current report andpoint 906 of the Rules _amp; Regulations of the Luxembourg Stock Exchange