Investor Presentaiton

mBank Hipoteczny - commercial real estate Origination Origination model assumes of mBank Hipoteczny participate in syndicate model commercial real estate loans organised by mBank or by purchasing loan assets from mBank - commercial pooling model. Cover pool eligibility via mBank Hipoteczny acquires commercial pooling and syndicate model loans for refinancing existing, completed CRE properties. Those loans are directly cover pool. Risk Management All decisions on the bank's credit exposure will be made by mBH, based on its independent credit risk analysis. mBH will no longer grant loans to developers, which will reduce risk profile by removal of construction phase risk. Financed projects by type (as of 2020 H1) 40.9% 35.9% 9.8% Total 4.00 bn PLN Characteristics of funded projects 。 Duration of the loan for commercial real estate is up to 20 years, 。 Commercial loans denominated in EUR and PLN, o 25% of the total investment cost is the minimum own funds of the borrower, 。 Security features required by the Bank includes: • mortgage entered in the first place in the Land and Mortgage Register maintained for the financed real property - special purpose vehicle's a specially created structure dedicated to the specific project scope of its operation is limited to activities related to its ownership and management assignment of rights from insurance against fire and other perils for real estate which is the subject of credit or the registered pledge on those rights 3.9% 3.3% 3.0% 2.3% 0.9% . Shopping centre Offices Commercial Hotel premises Housing Warehouse Mixed use development Logistic property centre Other Source: Management Board Report mBank Hipoteczny mBank Hipoteczny Covered bonds Cover Pool Polish Economy Real Estate Market 17 Legislation

View entire presentation