mBank S.A.

Share Issue/Capital Change • Nov 27, 2019

Correction of current report number 59/2018

The Management Board of mBank S.A. announces correction of ESPI currentreport No 59/2018 of 26.11.2018. The reason for the correction is thefact that the incorrect indication of amount of the conditional increaseof the Bank's share capital has been identified after the shares havebeen recorded in the securities accounts of eligible persons.

Was:

"After recording the shares in the securities accounts of the eligiblepersons, the conditional increase of the Bank's share capital amounts to:

- PLN 1,525,652 under the conditional share capital increase underResolution No. 21 of the 21st Annual General Meeting of the Bank dated14 March 2008 on issuing bonds with a pre-emptive right to take upshares of mBank S.A., and on the conditional increase of the sharecapital by way of issuing shares with exclusion of the subscriptionright of the existing shareholders in order to enable the participantsin the incentive programme to take up the shares of mBank S.A., and onapplying for admission of the shares to trading on the regulated market,and on dematerialization of the shares (as amended); and

- PLN 2,410,876 under the conditional share capital increase underResolution No. 3 of the 16th Extraordinary General Meeting of the Bankdated 27 October 2008 on issuing bonds with a pre-emptive right to takeup shares of mBank S.A. and on the conditional share capital increase byway of issuing shares with exclusion of the subscription right of theexisting shareholders in order to enable the participants in theemployee incentive programme to take up the Bank's shares, and onapplying for admission of the shares to trading on the regulated market,and on dematerialization of the shares (as amended)."

Should be:

"After recording the shares in the securities accounts of the eligiblepersons, the conditional increase of the Bank's share capital amounts to:

- PLN 1,514,348 under the conditional share capital increase underResolution No. 21 of the 21st Annual General Meeting of the Bank dated14 March 2008 on issuing bonds with a pre-emptive right to take upshares of mBank S.A., and on the conditional increase of the sharecapital by way of issuing shares with exclusion of the subscriptionright of the existing shareholders in order to enable the participantsin the incentive programme to take up the shares of mBank S.A., and onapplying for admission of the shares to trading on the regulated market,and on dematerialization of the shares (as amended); and

- PLN 2,386,052 under the conditional share capital increase underResolution No. 3 of the 16th Extraordinary General Meeting of the Bankdated 27 October 2008 on issuing bonds with a pre-emptive right to takeup shares of mBank S.A. and on the conditional share capital increase byway of issuing shares with exclusion of the subscription right of theexisting shareholders in order to enable the participants in theemployee incentive programme to take up the Bank's shares, and onapplying for admission of the shares to trading on the regulated market,and on dematerialization of the shares (as amended)."