Bank Millennium S.A.

Date: May 12, 2021

Current Report No. 17/2021

Subject: Detailed information on purchase of own shares - second tranche

With reference to Current Report no 22/2020 of 24th of July 2020, inwhich the Management Board of Bank Millennium S.A. ('Bank', ‘Issuer'),informed that under implementation of the incentive programme the rulesof which are provided for in the Resolution no. 4 of the ExtraordinaryGeneral Meeting of Shareholders of 27 August 2019 in the matter ofestablishment of incentive programme and determination of principlesgoverning management thereof, authorisation of the Company ManagementBoard to purchase own shares for purpose of implementation of theincentive programme and establishment of reserve capital for purchase ofsuch shares (as amended by Resolution of the Extraordinary GeneralMeeting of Shareholders no. 2/2020 of 3 July 2020; (‘GM Resolution'),Remuneration Policy with respect to Risk Takers in Bank Millennium S.A.Group and the Incentive Programme Regulations, on 23th July 2020 theBank Management Board adopted resolution in the matter of the Bank'sundertaking acquisition of the Bank's own shares to implement incentiveprogramme for Risk Takers and determination of conditions of theprogramme of purchase of own shares under the incentive programme(‘Programme'). The Bank Management Board announces that on 12 May 2021it adopted a resolution on the continuation by the Bank of the purchaseof the Bank's own shares for the purpose of the Risk Takers IncentiveProgramme launched in 2020 (the ‘Board Resolution').

Pursuant to the Board Resolution, the Bank will, as of 12 May 2021,proceed to purchase under the Programme a second tranche of the Bank'sown shares in the number of 565,446 shares.

Purchase of own shares under the Programme is performed at terms andconditions provided for in art. 5 of the Regulation (EU) No 596/2014 ofthe European Parliament and of the Council of 16 April 2014 on marketabuse.

The objective of the Programme shall be to purchase own shares in orderto perform tasks resulting from allocation of shares to employees ormembers of the Bank Management Board or the Bank Millennium S.A. Group;

The maximum amount of money allocated to the Programme shall not begreater than PLN 30,000,000.

Under the Programme, the Bank may acquire not more than 6,000,000 sharesaccounting for ca. 0.5% of the Company's share capital in accordancewith GM Resolution (maximum number of shares to be purchased under theProgramme) and the total nominal value of own shares acquired under theProgramme together with other own shares of the Bank may not exceed 3%of the Bank's share capital;

The programme has been launched on 23 July 2020 and shall be carried outuntil 31 December 2025, unless the Management Board decides todiscontinue implementation of the Programme or reserve capital in theamount of PLN30,000,000 is exhausted;

Shares shall be purchased via Millennium Dom Maklerski S.A.;

Price per share shall not be:

a. lower than 90% of average market price of the Bank shares admitted topublic trading on regulated market - primary market managed by WSE fromthe period of 7 session days (on regulated market managed by WSE) priorto conclusion of share purchase transaction. The average market priceshall be an arithmetic mean of average, daily prices weighted by tradingvolume in a given period, and

b. higher than PLN16 , and

c. higher than the price of the last independent transaction or thehighest current independent buy bid in the trading system.

The Bank may purchase not more than 25% of average daily level oftrading in shares as recorded within 20 session days prior to the day ofpurchase;

Proceeds allocated to purchase of shares shall originate from reservecapital established under the GM Resolution.

The Programme is implemented in tranches matching the number of sharesallocated in a given period to employees or members of the BankManagement Board or Bank Millennium S.A. Group.

The Bank's Management Board shall disclose to the public information ontransactions involving purchase of shares in keeping with effective law.

Legal basis:

Art. 2 sec. 1 of Commission Delegated Regulation (EU) 2016/1052 of 8March 2016 supplementing Regulation (EU) No. 596/2014 of the EuropeanParliament and of the Council relative to regulatory technical standardsregarding conditions applicable to repurchase programme andstabilisation measures of 8 March 2016 in connection with art. 5 of theRegulation (EU) no. 596/2014 of the European Parliament and of theCouncil of 16 April 2014 on market abuse (market abuse regulation) andrepealing Directive 2003/124/EC of the European Parliament and of theCouncil and Commission Directive 2003/124/EC, 2003/125/EC and 2004/72/EC