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. Corporate structure m Bank Hipoteczny mBank Immediate Parent 100% COMMERZBANK Ultimate Parent 69,33% 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 2020 H1 are PLN 8.05 bn, represent 30.3% market share in the covered bond market in Poland. mBH strategic objectives for 2019-2022 are the following: 1 Covered Bonds 2 3 Scale of assets 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 m mBank Hipoteczny Covered bonds Cover Pool Polish Economy Real Estate Market 15 Legislation

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