Consent of the Polish Financial Supervision Authority to entrust Mr. Marek Lusztyn with the position of the Member of the Management Board of mBank supervising the management of material risk in the Bank's operations

Current Report |

Drafted on:

03.03.2021

Current report No

10/2021

Legal basis: |

Article 56 sec. 1 item 2) of the Act on public offering, conditions governing the introduction of financial instruments to organized trading, and public companies &ndash| current and periodic information

Contents: |

In relation to the current report no. 68/2020 dated 22 October 2020 on the appointment of Mr. Marek Lusztyn as Vice-President of the Management Board of mBank S.A. (&ldquo|Bank&rdquo|), the Management Board of the Bank announces that on 3 March 2021 it received the information that the Polish Financial Supervision Authority issued unanimous approval to entrust Mr. Marek Lusztyn with the position of the Member of the Management Board of the Bank supervising the management of material risk in the Bank's operations.

Mr. Marek Lusztyn is a banker with 25 years of experience in the sector. He holds a PhD in economics from the Warsaw School of Economics (SGH). He holds an Executive MBA from the University of Illinois and the University of Warsaw, is an alumnus of INSEAD and holds a engineering degree in computer science. He completed numerous courses in the field of banking and management, among others, at Singularity University and Stanford Graduate School of Business. For 20 years he was associated with Bank Pekao S.A. For almost 10 years he held senior executive positions within the international structures of UniCredit Group in London, Munich and Milan, where he was responsible for global risk management functions. Between 2017 and 2020 he assumed roles in the Management Board of Bank Pekao S.A., where he held positions of Chief Risk Officer and Chief Executive Officer. He was a member of the University Council of the Warsaw School of Economics in 2019 - 2020. In 2014 he was named the Future Leader in Global Finance by the Institute of International Finance, Washington, DC.

Information about not performing competitive activities and not entering Mr. Marek Lusztyn into the Register of Insolvent Debtors has been presented in the in current report No 68/2020 dated 22 October 2020.

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Vice-director for investment supervision, Compliance Department

Maciej Mołdawa 03.03.2021