14.04.2020

Liquidity Guarantees agreement with BGK S.A.

Liquidity Guarantees agreement with BGK S.A.

Current Report \|
Drafted on:	14.04.2020
Current report No	22/2020

Legal basis: |

§| 17 Regulation (EU) No 596/2014 Of The European Parliament And Of The Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC

Contents: |

The Management Board of mBank S.A. (The "|Bank"|) announces that on April 14, 2020 the Bank concluded with Bank Gospodarstwa Krajowego S.A. (BGK) a liquidity guarantees agreement.

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The agreement was concluded on the basis of the Act of 31 March 2020 amending the Act on special solutions related to the prevention, counteracting and eradication of COVID-19, other infectious diseases and crisis situations caused by them, as well as some other acts (Journal of Laws, item 568 ) and the European Commission Communication "|Temporary framework for state aid measures to support the economy in the context of the ongoing COVID-19 epidemic"| (2020 / C 91 I / 01) (Official Journal EU C 91I of 20.03.2020, p. 1).

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The agreement sets out the rules of granting by BGK, as part of the PLG FGP (Portfolio Guarantee Line Fund of Liquidity Guarantees), irrevocable and payable at the first demand guarantee for repayment of loans granted by the Bank (the Lending Bank) to medium-sized and large enterprises to provide liquidity.

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The BGK guarantee limit granted to the Bank amounts to PLN 11,000,000,000.00.

SIGNATURE OF THE PERSONS REPRESENTING THE COMPANY

Vice-director for investment supervision, Compliance Department

Maciej Mołdawa 14.04.2020

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Liquidity Guarantees agreement with BGK S.A.

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