mBank S.A.

Share Issue/Capital Change • Oct 21, 2020

Admission of 172 newly issued mBank S.A. shares to trading on theprimary market of the Warsaw Stock Exchange and the date of their firstquotationThe Management Board of mBank S.A. in Warsaw ("Bank")announces that by resolution no. 803/2020 of 20 October 2020 theManagement Board of Giełda Papierów Wartościowych w Warszawie SA (WarsawStock Exchange) admitted 172 ordinary bearer shares of the Bank withnominal value of PLN 4.00 per share to trading on the stock market anddecided that they would be traded on the primary stock market startingfrom 23 October 2020 under the usual procedure.

The aforementioned shares were issued based on resolution No. 38 of theAnnual General Meeting of the Bank dated 9 May 2018 on the issue ofsubscription warrants, conditional share capital increase withdivestment of the existing shareholders' pre-emptive right tosubscription warrants and shares, change of the company's by-Laws and onapplying for admission of shares to trading on the regulated market, anddematerialisation of shares.

The aforementioned shares of mBank S.A. will start trading on 23 October2020, provided that the Central Securities Depository of Poland (KDPW)registers these shares and assigns the code PLBRE0000012 to them on 23October 2020.