mBank S.A.

Share Issue/Capital Change • Dec 20, 2021

Registration of 1,357 shares of mBank S.A.in the Central Securities Depository of PolandTheManagement Board of mBank S.A., with its registered office in Warsaw(_#8216;Bank"), announces that on 20 December 2021 it learned about message ofthe Operating Department of the Central Securities Depository of Poland(KDPW) that 1,357 of its ordinary bearer shares with the nominal valueof PLN 4 per share would be registered on 21 December 2021.Theaforementioned shares were issued based on:- Resolution No.21 of the 21st Annual General Meeting of the Bank dated14 March 2008 onissuing bonds with pre-emptive right to take up shares of mBank S.A.,and on the conditional increase of the share capital through issue ofshares with exclusion of the pre-emptive right of the existingshareholders in order to enable the participants of the incentiveprogramme to take up the mBank S.A. shares, and on applying foradmission 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.

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 thefollowing code: PLBRE0000012. Following the registration, the totalnumber of the Bank's shares registered with KDPW under code PLBRE0000012will be 42,373,884.