Costs of legal risk related to foreign currency loans

The Management Board of mBank S.A. (_quot;Bank_quot;) informs that in connectionwith the decision taken on April 12, 2023 by the Bank, the costs oflegal risk related to foreign currency loans in CHF recognized in Q12023, amounted to PLN 808.5 million. These costs result mainly from theupdate of the settlement program cost, execution of final court verdictsand the costs of concluded settlements.

At the same time, the Bank informs that the net result achieved by mBankGroup in Q1 2023 was positive.