Decision of Polish Financial Supervision Authority on the determiningthe expiry of the additional capital requirement related to risk offoreign currency mortgage loans for households on the consolidated basisTheManagement Board of mBank S.A. ("Bank_quot;) informs that on 20 December2023, the Bank received the decision of the Polish Financial SupervisionAuthority ("PFSA_quot;) dated 20 December 2023 concerning the determining theexpiry of the decision of PFSA dated 30 December 2022 amended by thedecision of 14 June 2023 regarding the level of the additional own fundsrequirement at the consolidated level above the amount calculated inaccordance with the detailed rules defined in the Regulation of theEuropean Parliament and of the Council (EU) No 575/2013 of 26 June 2013on prudential requirements for credit institutions and investment firmsand amending Regulation (EU) No. 648/2012 ("Regulation no 575/2013).

Beforereceiving the decision, the Bank on the consolidated basis was obligedby the PFSA to maintain own funds for the coverage of the additionalcapital requirement related to risk of foreign currency mortgage loansfor households at the level of 1.18 p.p. which consisted of at least 75%of Tier 1 capital (equivalent to 0.89 p.p.) and at least of 56.25% ofCommon Equity Tier 1 capital (equivalent to 0.66 p.p.). The Bankinformed about these requirements in the current report no 48/2022 dated14 June 2023.

Thedecision of the PFSA translates into the decrease in the additionalcapital requirement related to risk of foreign currency mortgage loansfor households on the consolidated basis by 1.18 p.p. for TCR and by0.89 p.p. for the Tier 1 capital ratio, which means the additionalcapital requirement no longer applies.

At thedate of this current report, the Bank fulfils the PFSA requirementsrelated to the minimum capital adequacy ratios on both the individualand consolidated levels.