Investor Presentaiton

EOY2019 Data Source: GUS - Central Statistical Office Cover Pool - residential ML regional distribution Geographical distribution negatively correlated with unemployment- strong client base portfolio % of mBH's Mortgage Cover Pool > 20% 10.0 19.9% 5.0 - 9.9% 1.0 - 4.9% < 1% - 2020-06-310 Unemployment rate > 10% 8.0 10.0% 6.0 - 7.9% 4.0 5.9% < 4% - Zachodnio- pomorskie 3.5% Pomorskie 9.0% Warmińsko-mazurskie 1.1% Kujawsko- pomorskie 2.4% Mazowieckie 39.4% Lubuskie Wielkopolskie 0.9% 7.1% Łódzkie 3.7% Dolnośląskie 11.1% Pomorskie 5.5% Podlaskie 4.6% Zachodnio- pomorskie 7.9% Kujawsko- pomorskie 8.7% Warmińsko-mazurskie 10.3% Lubuskie 6.1% Wielkopolskie 3.7% Mazowieckie 5.1% Łódzkie 5.4% Podlaskie 7.7% Lubelskie 1.9% Dolnośląskie 5.6% Lubelskie 8.1% Opolskie 0.6% Śląskie Świętokrzyskie 0.4% Opolskie 6.8% Śląskie 4.6% Świętokrzyskie 8.6% 3.3% Małopolskie 10.7% Podkarpackie 0.6% Małopolskie 5.2% Podkarpackie 9.0% Based on mBH HTT report - 2020-06-30 m mGroup Covered bonds Cover Pool Polish Economy Real Estate Market Legislation 36

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