Allocation of 154 shares of mBank S.A. in thesecurities accounts of persons taking part in the Bank's incentiveprogram under the conditional share capital increase

The Management Board of mBank S.A. (the Bank)announces that 154 shares of the Bank were recorded under theconditional share capital increase in the securities accounts of personstaking part in the Bank's incentive program (eligible persons) on 3rdJuly 2026.The aforementioned shareswere issued on the basis of Resolution No. 38 of the 31st Annual GeneralMeeting of the Bank dated 9 May 2018 on the issue of subscriptionwarrants, conditional share capital increase with divestment of theexisting shareholders' pre-emptive right to subscription warrants andshares, change of the company's by-Laws and on applying for admission ofshares to trading on the regulated market, and dematerialization ofshares.After recording the shares inthe securities accounts of the eligible persons, the Bank's sharecapital amounts to PLN 170,192,076 and is divided into 42,542,519ordinary bearer shares and 5,500 ordinary registered shareswith anominal value of PLN 4 each. Each share carries the right to one voteduring the Annual General Meeting of the Bank.

The total number of votes stemming from the Bank'sshares amounts to 42,548,019.

After recording the shares in the securities accountsof the eligible persons, the conditional increase of the Bank's sharecapital amounts to PLN 2,992,144 under the conditional share capitalincrease under Resolution No. 38 of the 31st Annual General Meeting ofthe Bank dated 9 May 2018 on the issue of subscription warrants,conditional share capital increase with divestment of the existingshareholders' pre-emptive right tosubscription warrants and shares,change of the company's by-Laws and on applying for admission of sharesto trading on the regulated market, and dematerialization of shares.

Since the Bank's shares are dematerialized, recordingthe shares in the securities accounts of the eligible persons isregarded as equivalent to the allocation of shares under the conditionalshare capital increase.