Reference is made to current report No. 22/2022 of 31 May 2022. Themanagement board of mBank S.A. with its registered seat in Warsaw,address: ul. Prosta 18, 00-850 Warsaw, entered in the Register ofBusiness Entities maintained by the District Court for the Capital Cityof Warsaw in Warsaw, XIII Commercial Division of the National CourtRegister, under KRS No. 0000025237, REGON 001254524, NIP 5260215088,with a share capital of PLN 169,539,536.00 paid up in full (the "Bank"),acting pursuant to Article 539 § 1 and 2 and Article 540 of the act of15 September 2000 - Commercial Companies Code (consolidated text:Journal of Laws 2020, item 1526, as amended) (the "CCC") in conjunctionwith Article 402(1) § 1 of the CCC, in addition to the firstnotification of the planned demerger of mBank Hipoteczny S.A. with itsregistered seat in Warsaw, address: ul. Prosta 18, 00-850 Warsaw,entered in the Register of Business Entities maintained by the DistrictCourt for the Capital City of Warsaw in Warsaw, XIII Commercial Divisionof the National Court Register, under KRS No. 0000003753, REGON014953634, NIP 5262316250, with a share capital of PLN 336,000,000.00paid up in full (the "Demerged Company" or "mBH"), by transferring apart of the estate (assets and liabilities) of the Demerged Company tothe Bank (the "Demerger of mBH") as published in current report No.22/2022, I hereby notify the shareholders of the option of reviewing theauditor's opinion on the audit of the demerger plan signed on 31 May2022 (the "Demerger Plan") in terms of its accuracy and correctness. Theauditor's opinion concerning the audit of the Demerger Plan is availableon the Bank's website at: https://www.mbank.pl/en/investor-relations.

In reference to current report No. 22/2022 of 31 May 2022, theManagement Board of the Bank once again presents the followinginformation for the purposes of the notification of the Demerger of mBH.

The Demerger of mBH will be effected in compliance with Article 529§1(4) of the CCC, i.e.:

? by way of the transfer to the Bank of some of the estate (assets andliabilities) and rights and obligations of the Demerged Companycomprising an organised part of the enterprise of mBH, which constitutesa collection of tangible and intangible assets separate bothorganisationally and financially within the existing enterprise of mBH,including obligations, designated for the achievement of objectives thatare related to the granting and servicing of loans comprising (i) loanssecured by a mortgage for the financing of commercial real properties,(ii) loans granted to local government units or loans with respect towhich local government units issued any surety, and (iii) loans securedby a mortgage granted to natural persons for purposes unrelated to anybusiness activity subject to loan agreements concluded with clients onor before 25 July 2013 and that satisfy the criteria specified inSchedule 1 (Table 4a) to the Demerger Plan, where the collection ofassets could be an independent business achieving those objectivesautonomously and the components of which have been presented in Schedule1 to the Demerger Plan; and

? by way of mBH retaining the remaining part of the estate (assets andliabilities) and rights and obligations of the Demerged Companycomprising an organised part of the enterprise of mBH, which constitutesa collection of tangible and intangible assets separate bothorganisationally and financially within the existing enterprise of mBH,including obligations, designated for the achievement of tasks that arerelated with the operations of the Demerged Company as a mortgage bank,specifically within the scope of:

a) the granting and servicing of loans secured by a mortgage granted tonatural persons for purposes unrelated to any business activity subjectto loan agreements concluded by mBH with clients from September 2013within the scope of agency cooperation with the Bank,

b) acquiring receivables of other banks on account of mortgage securedloans granted thereby, including mortgage secured loans granted tonatural persons for purposes unrelated to business activities, acquiredfrom the Bank since 2014,

the servicing of which was entrusted to the Bank under an outsourcingagreement,

c) the issuance of securities, including, specifically, mortgage bondsand bonds, as well as performing other treasury related transactionsand, specifically, derivative transactions,

where the collection of assets may be an independent business achievingthose objectives autonomously.

Pursuant to Article 550 of the CCC, since the Bank is the onlyshareholder of the Demerged Company there is no intention to increasethe share capital of the Bank in connection with the Bank's acquisitionof a part of the estate of the Demerged Company. In view of the above,the Bank will not issue shares in exchange for the acquired estate ofthe Demerged Company.

The Demerger Plan was announced pursuant to Article 535 § 3 of the CCCby being posted on the Bank's website (at:https://www.mbank.pl/en/investor-relations).

Pursuant to Article 540 § 3(1) of the CCC, the Bank informs that, untilthe date of completion of the general meeting of the shareholders of theBank the agenda of which will provide for the adoption of the resolutionregarding the Demerger of mBH, the shareholders will be able to reviewthe following information on the Bank's website, i.e. the shareholderswill have access to:

1) the Demerger Plan (which will also include the information anddocuments referred to in Article 534 § 2 of the CCC, except for therepresentation referred to in Article 534 § 2(4) of the CCC regardingthe Bank, which is not required to make such representation), availableat: https://www.mbank.pl/en/investor-relations;

2) the financial statements of the Bank and the reports of themanagement board on the activities of the Bank for the last threefinancial years, including the audit report, available at:https://www.mbank.pl/en/investor-relations;

3) the financial statements and the reports of the management board onthe activities of mBH for the last three financial years, including theaudit report, available at: https://www.mbank.pl/en/investor-relations;

4) the reports of the management boards of the Bank and mBH of 31 May2022 providing the rationale for the Demerger of mBH, available at:https://www.mbank.pl/en/investor-relations; and

the auditor's opinion on the audit of the Demerger Plan in regard to theaccuracy and reliability thereof, available at:https://www.mbank.pl/en/investor-relations.Article 539 § 1 and 2and Article 540 in conjunction with Article 402(1) § 1 of the act of 15September 2000 - the Commercial Companies Code (consolidated text:Journal of Laws 2020, item 1526, as amended) and Article 56 section1(2)(a) of the act of 29 July 2005 on the public offering, conditionsgoverning the introduction of financial instruments to organisedtrading, and public companies (consolidated text: Journal of Laws of2021, item 1983, as amended) in conjunction with Article 19 section 1(1)of the Regulation of the Minister of Finance of 29 March 2018 on currentand interim reports published by issuers of securities and the terms offinding as equivalent the information required under the laws of anynon-member states (Journal of Laws, item 757, as amended).