Investor Presentaiton

Cover Pool - CRE/RRE regional distribution Geographical CRE/RRE regional distribution vs existing office stock by the cities - positive correlation % of CRE/RRE regional distribution in Mortgage Cover Pool - 2020-06-30 > 20% 10.0 19.9% 5.0-9.9% 1.0 4.9% < 1% Total office stock - Q1 2020; Data source: Knight Frank > 2 mln m² 1 mln m² - 2 mln m² 0,5 mln m² - 1 mln m² <0,5 mln m² no available data Pomorskie 5.2% Zachodnio- pomorskie 1.6% Warmińsko- mazurskie 1.6% Podlaskie 0.5% Kujawsko- pomorskie 4.1% Lubuskie 0.2% Wielkopolskie 5.3% Dolnośląskie 18.9% Łódzkie 3.3% Mazowieckie 29.8% Opolskie Śląskie 1.5% Świętokrzyskie 1.6% 5.5% Based on mBH HTT report - 2020-06-30 m Małopolskie 15.4% Lubelskie 1.3% Podkarpackie 4.0% Zachodnio- pomorskie Szczecin 0.18 m m² Pomorskie Tricity 0.84 m m² Wielkopolskie Poznań 0.58 m m² Łódzkie Łódź 0,53 m m² Mazowieckie Warszawa 5.6 m m² Dolnośląskie Wrocław 1.2 m m² Śląskie Katowice 0.7 m m² Małopolskie Kraków 1.5 mm² Lubelskie Lublin 0.19 m m² mGroup Covered bonds Cover Pool Polish Economy Real Estate Legislation 38 Market

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