Bank Millennium S.A.

30 December, 2022

Current Report no. 30/2022

SUBJECT: Decision of Polish Financial Supervision Authority onadditional own funds requirements (P2R buffer)

The Management Board of Bank Millennium S.A. (_quot;the Bank_quot;), herebyreports that on 30th of December 2022, it received from the PolishFinancial Supervision Authority ("PFSA") a decision regarding additionalown funds to secure risk resulting from FX mortgage for households loanportfolio ("P2R buffer"). The new requirement for the Bank atconsolidated basis was set at the level of 1.94 percentage points abovethe value of total capital ratio defined in the art. 92.1.c ofregulation (EU) No 575/2013 of the European parliament and of theCouncil of 26 June 2013 on prudential requirements for creditinstitutions and investments firms and amending Regulation (EU) No648/2012 (Official Journal of the EU L 176 as of 27 June 2013 r., asamended - further referred as to "regulation No 575/2013"). The P2Rbuffer should consist of at least 75% of Tier I capital (whichcorresponds to 1.46 percentage points above the value of Tier I capitaldefined in art.92.1.b of regulation No 575/2013) and at least 56.25% ofcore Tier I capital (which corresponds to 1.09 percentage points abovethe value of core Tier I capital defined in art.92.1.a of regulation No575/2013). The decision was taken based on article 138 sec. 2 point 2 ofthe Banking Act.

The new level of P2R buffer at the TCR level is 85 basis points lowercompared to the level communicated on November 23, 2021.

Legal base: Art. 17.1 of MAR