Bank Millennium S.A.

June 12, 2023

Current Report no. 19/2023

SUBJECT: Decisions of BGF

The Management Board of Bank Millennium S.A. [Bank_quot;) announces that itreceived two letters from the Banking Guarantee Fund [BGF].

First letter regards the joint decision of the resolution authorities,i.e. the Single Resolution Board [SRB] and BGF obliging the Bank to meetthe communicated MREL [minimum level for own funds and liabilities thatmay be eligible for redemption and conversion as defined in the Act of10 June 2016 on the Bank Guarantee Fund, the Deposit Guarantee Schemeand Resolution] requirements, i.e.

1] MRELtrea calculated as a percentage of the total risk exposureamount, and

2] MRELtem calculated as a percentage of the total exposure measure.

At the moment of communication of the decision, the Bank at theconsolidated level is obliged to meet the minimum MRELtrea requirementof 14.42% [previously 15.60% in the decision received on 01.04.2022] andMRELtem of 4.46% [previously 3.00% in the decision received on01.04.2022]. At the moment of communication of the decision, minimumsubordination MREL is 14.28% of TREA [total risk exposure amount][previously 15.55% in the decision received on 01.04.2022] and 4.44% ofTEM [total exposure measure] [previously 3.00% in the decision receivedon 01.04.2022].

At the same time, the decision in question sets updated minimumrequirements that must be met at December 31, 2023 at the level of18.89% [consolidated MRELtrea] [previously 20.42% in the decisionreceived on 01.04.2022] and 5.91% [consolidated MRELtem] [the same levelas in the decision received on 01.04.2022]. Respectively, taken asubordination criteria, the Bank will be obliged to meet the minimumMRELtrea requirement of 18.62% [versus 20.32% in the decision receivedon 01.04.2022] and MRELtem of 5.89% [versus 5.91% in the decisionreceived on 01.04.2022].

BGF informed that in subsequent calendar year, it will update the targetMREL level.

The second letter relates to an administrative decision taken under theterms of Articles 96a - 96d of the Bank Guarantee Fund Act, prohibitingthe Bank from distributing profits in excess of the maximumdistributable amount related to the minimum requirement for own fundsand eligible liabilities [M-MDA].

Legal basis: art. 17 sec. 1 of MAR - confidential information