mBank S.A.

Share Issue/Capital Change • Jul 30, 2020

Admission of 7,826 newly issued mBank S.A. shares to trading on theprimary market of the Warsaw Stock Exchange and the date of their firstquotation

The Management Board of mBank S.A. in Warsaw ("Bank") announces that byresolution no. 559/2020 of 29 July 2020 the Management Board of GiełdaPapierów Wartościowych w Warszawie SA (Warsaw Stock Exchange) admitted7,826 ordinary bearer shares of the Bank with nominal value of PLN 4.00per share to trading on the stock market and decided that they would betraded on the primary stock market starting from 4 August 2020 under theusual 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 4 Mai2020, provided that the Central Securities Depository of Poland (KDPW)registers these shares and assigns the code PLBRE0000012 to them on 4August 2020.