Investor Presentaiton

mBank Group's historical performance: Profit and Loss Account Total Income & Margin (PLN mn) Total Costs & C/I ratio (PLN mn) Trading and other NFC NII BFG Material and other Personnel 2.6% 2.7% 2.3% 2.1% 2.1% 3.3% 42.6% 42.2% 41.1% 40.2% 41.8% 43.0% CAGR CAGR +4% +6% 6,111 2,329 2,411 2,457 +50% 5,867 +45% 5,524 2,164 7 117- 5,062 251 -349 256 298 227 180. 1,863 590 1,271 1,508 1,890 4,333 976 2,982 1,153 1,031 1,054 1,138 1,159 637 1,245 153 178 921 636 3,496 4,003 4,009 4,104 568 3,188 1,908 952 1,019 975 1,071 499 591 -8 2018 2019 2020 2021 2021H1 2022H1 2018 2019 2020 2021 2021H1 2022H1 Loan Loss Provisions & Cost of Risk (PLN mn) 0.78% 0.79% CAGR +8% 1.19% 0.76% 0.70% 0.76% 1,293 +18% 879 794 694 393 463 2018 2019 2020 2021 2021H1 2022H1 Net Profit & Return on Equity (PLN mn) 9.4% 6.4% 0.6% (7.2%) 5.1% 10.9% -190% +74% 1,303 1,010 742 426 104 -1,179 2018 2019 2020 2021 2021H1 2022H1 Note: A drop of net profit in 2020 and 2021 caused by the provisions for legal risk related to the FX mortgage loans. Covered Bonds Investor Presentation Source: mBank Group Consolidated Financial Statements 2022 H1 9

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