Settlement of a synthetic securitization transaction concluded by the Bank on a portfolio of commercial real estate loans

The Management Board of mBank S.A. with its registered office in Warsaw (hereinafter „Bank”) informs that on August 6th 2026, the Bank settled a synthetic securitization transaction referencing a portfolio of commercial real estate loans, with a total value of EUR 1.13 billion as of May 29th 2026, equivalent to approximately PLN 4.87 billion at the NBP average exchange rate prevailing on 6 August 2026 (hereinafter "Transaction"). As part of the Transaction, the Bank transferred a significant part of the credit risk of the securitized portfolio to investors. The underlying portfolio remains on the balance sheet of the Bank. The risk transfer is performed through a credit protection instrument - credit linked notes (hereinafter "Credit Linked Notes” or “Notes”). On August 6th 2026, the Bank issued Credit Linked Notes with a total nominal value of EUR 90.6 million, equivalent to approximately PLN 389.4 million at the NBP average exchange rate prevailing on 6 August 2026. The Notes were purchased by two foreign investors: 1. Stichting PGGM Credit Risk Sharing Fund, represented by PGGM Vermogensbeheer B.V. as its attorney-in-fact, acting as the leading investor and 2. Eight investment funds managed or sub-advised by Magnetar Financial (UK) LLP. The Notes bearing ISIN code XS3450880326, were admitted to trading in the alternative trading system on Vienna MTF operated by Wiener Börse AG (Vienna Stock Exchange). August 6th, 2026 has been designated as the first trading day. As part of the Transaction, the Bank is obliged to pledge collateral for the benefit of the noteholders in the form of eligible debt securities (and/or cash) deposited with an independent custodian – The Bank of New York Mellon. The value of the collateral will be determined based on the nominal value of the outstanding Credit Linked Notes. The Transaction is expected to increase the Common Equity Tier 1 (CET1) ratio by approximately 0.19 percentage points at the consolidated level, when referenced to reported figures for mBank Group at the end of second quarter of 2026. The Transaction meets the requirements for significant risk transfer specified in the respective regulations.