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Investor Presentaiton

mBank Hipoteczny overview and role in Group strategy mBank Hipoteczny is a specialised credit institution (mortgage bank) authorised to issue covered bonds under Polish law. m Corporate structure Bank Hipoteczny mBank COMMERZBANK Immediate Parent 100% Ultimate Parent 69.21% mBank Hipoteczny has been issuing covered bonds since 2000, when it was the first bank to introduce mortgage covered bonds to the post-war Polish capital market, restoring their importance and place after 50 years of absence. Outstanding publicly traded covered bonds issued by the Bank as of 2022 H1 are PLN 6.06 bn, represent 33.1% market share in the covered bond market in Poland. mBH strategic objectives for 2019-2022 are the following: 1 Covered Bonds 2 Scale of assets 3 Cost efficiency Providing long term funding for mBank Group by issue Covered Bonds to: diversify of the funding sources improve long-term liquidity in the Group adaption to the NSFR requirements Development of retail mortgages portfolio and CRE loans in close cooperation with mBank, i.e. assuming that origination will be executed by mBank's sales forces both: ■ in the retail (since Q2 2017) and ■ commercial real estate (since 2019) area. The Bank's strategy assumes that the foundation of its operations will be to obtain long-term in the most cost- effective business model possible. ■ The Bank is leveraging synergies related to IT systems and processes within the Group Covered Bonds Investor Presentation 16
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