Individual recommendation of the Polish Financial Supervision Authority regarding dividend policy

Individual recommendation of the Polish Financial Supervision Authority regarding dividend policy The Management Board of mBank S.A. ("Bank") informs that on 27 February 2026 it received the individual recommendation from the Polish Financial Supervision Authority ("PFSA") in which the PFSA informed the Bank that it meets the criteria for the payment of dividend up to 75% of the profit for 2025, whereby the maximum amount of the payment may not exceed the amount of annual profit, reduced by the profit generated in 2025 already included in own funds. According to the financial statements for 2025 published on 26 February 2026, the Bank’s net profit for 2025 amounted to PLN 3.55 billion at the standalone level and PLN 3.54 billion at the consolidated level. The Bank has included in its own funds the net profit generated in the first three quarters of 2025, in the amount of PLN 2.51 billion at the standalone level and PLN 2.50 billion at the consolidated level. PFSA also recommends that the Bank limit the risk occurring in its operations by not taking, without prior consultation with the supervisory authority, any other actions, in particular those outside the scope of current business and operational activities, which may result in a reduction of own funds, including any dividend payments from retained earnings from previous years and buybacks or repurchase of own shares. In Current Report No. 5/2026 dated 26 February 2026, the Bank informed about the submission to the Ordinary General Meeting of a proposal to refrain from paying a dividend from the profit earned in 2025 as well as not distributing the undistributed profits from previous years.