Investor Presentaiton

- mBank Hipoteczny assets origination – retail mortgages Pooling model Transfer of existing residential mortgage loan portfolio from mBank for its refinancing with mortgage Covered Bonds. Based on framework agreement on acquiring portfolios of mortgage loans, introduced in 2014 as pioneer transaction of the mortgage transfer on the Polish market. Transfer is based on comprehensive model of cooperation between mBH and mBank: Borrowers Mortgage collateral Mortgage loan Cash Flows mBank Mortgage loans origination After pooling: ✓ after-sale services ✓ maintaining customer relationship (no changes from the customer perspective) Sale of loans portfolio Mortgage collateral re- registration Bank Hipoteczny Refinance by covered bonds Purchase price (pooling facility) Pooled loans portfolio Covered Bonds investors Cash Flows The target level of the newly originated portfolio of residential assets at mBank S.A. meeting the pooling criteria is to amount to over 90%. The inclusion of both primary and secondary market transactions in the transfer process with its cyclical nature is aimed at a systematic increase in the value of the mortgage loan portfolio of mBH. The process of transferring mortgage loans assumes transfer of assets to mBH on regular basis. Covered Bonds Investor Presentation 30 30

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