Resolution of the Management Board of mBank S.A. regarding motion regarding division of profit earned in 2020 and undivided profits from previous years, approved by the Supervisory Board - without payment of dividend

Current Report |

Drafted on:

25.02.2021

Current report No

7/2021

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: |

The Management Board of mBank S.A. "|Bank"| announces that on 25 February 2021 the Management Board adopted a resolution on providing the Ordinary General Meeting with motion regarding division of profit earned in 2020 and undivided profits from previous years in the following manner:

1. The net profit earned by mBank S.A. in 2020, amounting to PLN 93 047 443,23 is left undivided.
2. The General Meeting of mBank S.A. decides not to perform the division of the undivided profits from previous years, amounting to PLN 2 005 433 425,78.

The motion regarding division of profit does not envisage payment of dividend.

The resolution of the Management Board of the Bank on the submission of | the motion concerning the distribution of the net profit generated in 2020 and undivided profits from previous years for consideration of the Annual General Meeting of the Bank was submitted for evaluation to the Supervisory Board pursuant to Article 382 §| 3 of the Code of Commercial Companies.

On 25 February 2021 the Supervisory Board of the Bank adopted a resolution regarding the motion of the Management Board on providing the Ordinary General Meeting with motion regarding division of profit earned in 2020 and undivided profits from previous years &ndash| in accordance with the motion submitted by the Management Board.

Vice-director for investment supervision, Compliance Department

Maciej Mołdawa 25.02.2021