mBank S.A.

Capital/Financing Update • Nov 26, 2025

Report Content The Management Board of mBank S.A. ("Bank")hereby informs that on 26 November 2025 it completed the subscriptionfor senior non-preferred bonds with a total nominal value of EUR 500million ("Eurobonds").

The Eurobonds will be issued under the EuroMedium Term Note Programme (the "EMTN Programme") based on a baseprospectus approved on 7 November 2025 by the Commission de Surveillancedu Secteur Financier in Luxembourg.

Settlement of the issuance will take placeon 3 December 2025.In connection with the intention to admit theEurobonds to trading on the Regulated Market of the Luxembourg StockExchange, in accordance with Art. 60.2 in conjunction with Art.56.1.2).a) of the Act on Public Offering, the Bank informs as follows:

1) subscription opening date: 26 November2025;2) subscription closing date: 26 November2025;3) Eurobonds allocation date: 26 November 2025;4) number ofEurobonds covered by the subscription: 5,000 bonds;5) the reductionrate of the Eurobonds allocated in one tranche was 88.61%;6) numberof Eurobonds subscribed: 43,884 bonds;7) number of Eurobonds whichwere allocated within the subscription: 5,000 bonds;8) price ofacquisition of the Eurobonds: 100% par value;9) interest rate: fixedfor a period of 5.25 years from the issue date followed by a 1-yearperiod with a floating rate. The margin used to determine the floatinginterest rate for the Eurobonds has been set at 135 basis points;10)tenor: The Eurobonds are issued for a term of 6.25 years, with theprovision that the Bank may redeem them early after 5.25 years from theissue date (6.25NC5.25) under the terms specified in the terms andconditions of the issue;11) number of persons which subscribed forthe Eurobonds in specific tranches: 196;12) number of persons towhom the Eurobonds were allocated within the subscription in specifictranches: 138;13) name of underwriters who acquired the Eurobondsunder underwriting agreements: not applicable;14) the aggregatenominal value of subscription, i.e. the product of the number ofEurobonds under the offering and the issue price: EUR 500,000,000 (inwords: five hundred million euros) which is equal to PLN 2,116,500,000according to the average NBP exchange rate as of 26 November 2025;15)the total costs which were included in the issuance costs: the Bank willdisclose such information in an updated current report after it hasreceived and accepted all the payments connected with the issuance;16)the average cost of subscription per one subscribed Eurobond: the Bankwill disclose such information in an updated current report after it hasreceived and accepted all the payments connected with the issuance;