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Investor Presentaiton

Supportive demographic profile of mBank's retail client base Distribution of Polish banks by attractiveness of customer base in terms of age and education % of customers under 30 years old Poland average · other Banks 40% Highest share of the Young (<30 years old) mBank 30% 20% 10% mBank's clients are expected to reach their highest personal income levels in the future Poland average % of customers with higher education 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60% 65% 70% Source: mBank based on declarative answers from the syndicate survey Zoom Finance 4Q'16 by TNS, n=8.6k customers. m mGroup Covered bonds Cover Pool Polish Economy Real Estate Market Legislation 37

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