Bank Millennium S.A.

May 30, 2025

Current Report no. 23/2025

SUBJECT: Decision of BGF regarding MREL requirements

The Management Board of Bank Millennium S.A. [Bank] announces that itreceived a letter from the Banking Guarantee Fund [BGF] regarding ajoint decision of the resolution authorities, i.e. the Single ResolutionBoard [SRB] and BGF obliging the Bank to meet the communicated MREL[minimum level for own funds and eligible liabilities] requirements atthe consolidated level, excluding Millennium Bank Hipoteczny, i.e.

1. MRELtrea calculated as a percentage of the total risk exposure amount[TREA], and

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

The decision sets updated minimum requirements that must be metimmediately after its receipt at the level of 15.36% - consolidatedMRELtrea [previously 18.03% in the decision of 18.06.2024] and 5.91% -consolidated MRELtem [the same level as in the decision dated18.06.2024]. Respectively, taken a subordination criteria, the Bank isobliged to meet the minimum MRELtrea requirement of 14.15% [versus17.92% in the decision dated 18.06.2024] and MRELtem of 5.54% [versus5.87% in the decision received dated 18.06.2024].

At the same time, in accordance with Article 19[2][3], Article 21[3][3],Article 42[3] and Article 48[3] of the Act on macro-prudentialsupervision, which transposes Article 128 of the CRD, CET1 instrumentsheld by the Bank for the purpose of the combined buffer requirement arenot eligible for the MREL requirement expressed as a percentage of thetotal risk exposure. This rule does not apply to the MREL requirementexpressed as a percentage of the total exposure measure [MREL TEM].

The Bank fulfils above requirements at the moment of publication of thisreport.

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