mBank S.A.

Share Issue/Capital Change • Nov 26, 2020

Registration of 1,609 shares of mBank S.A. in the Central SecuritiesDepository of Poland

The Management Board of mBank S.A., with its registered office in Warsaw("Bank"), announces that on 26 November 2020 it learned about message ofthe Operating Department of the Central Securities Depository of Poland(KDPW) that 1,609 of its ordinary bearer shares with the nominal valueof PLN 4 per share would be registered on 27 November 2020.

The aforementioned shares were issued based on:

• Resolution No. 21 of the 21st Annual General Meeting of the Bankdated14 March 2008 on issuing bonds with pre-emptive right to take upshares of mBank S.A., and on the conditional increase of the sharecapital through issue of shares with exclusion of the pre-emptive rightof the existing shareholders in order to enable the participants of theincentive programme to take up the mBank S.A. shares, and on applyingfor admission of the shares to trading on the regulated market, and ondematerialization of the shares. Underlying the registration of the saidshares is Resolution No. 447/10 of the Management Board of KDPW dated 26July 2010.

• Resolution No. 3 of the 16th Extraordinary General Meeting of the Bankdated 27 October 2008 on issuing bonds with pre-emptive right to take upshares of mBank S.A. and conditional share capital increase by way ofissuing shares with exclusion of the pre-emptive right of the existingshareholders in order to enable the participants of the employeeincentive programme to take up the Bank's shares, and on application foradmission of the shares to trading on the regulated market, and ondematerialization of the shares. Underlying the registration of the saidshares is Resolution No. 616/16 of the Management Board of KDPW dated 15September 2016.

All the newly issue shares will be registered under the following code:PLBRE0000012. Following the registration, the total number of the Bank'sshares registered with KDPW under code PLBRE0000012 will be 42,356,040.