Investor Presentaiton

mBank Group's historical performance: Profit and Loss Account Total Income & Margin (PLN M) 2.3% 2.1% NII NFC Trading and other Total Costs & C/I ratio (PLN M) Personnel Material and other BFG 2.3% 2.5% 2.7% 2.7% 2.6% 50.1% 45.7% 45.9% 42.6% 42.2% 47.9% 45.0% Starting from 2017, margin on FX transactions recognised in NFC CAGR CAGR +8% +3% 5,524 5,080 +11% 4,454 -251- 2,051 1,963 2,043 2,164 2,329 4,093 4,295 325- 68 1,271 194 685 556 1,258 136 15111, 180 180. 256. +4% 1,249 906 2,618 2,904 897 96 106 866 925 960 1,031 1,054 1,253 1,308 2,511 2,833 3,136 3,496 4,003 595 726 226 230 523 555 1,928 2,072 855 877 903 952 1,019 504 523 2015 2016 2017 2018 2019 2019 1H 2020 H1 2015 2016 2017 2018 2019 2019 H1 2020 H1 Loan Loss Provisions & Cost of Risk (PLN M) 0.54% 0.46% 0.61% 0.78% 0.79% 0.9% 1.28% CAGR +17% +106% Net Profit & Return on Equity (PLN M) 11.8% 10.1% 8.3% 9.4% 6.6% 7.1% 2.2% CAGR -28.8% -67% 794 694 761 1,301 1,219 1,303 1,092 508 1,010 421 365 369 536 178 2015 2016 2017 2018 2019 2019 H1 2020 H1 2015 2016 2017 2018 2019 2019 H1 2020 H1 Note: A drop of net profit in 2019 caused by the provisions for legal risk related to the FX mortgage loans of PLN 387.8 million. m mGroup Covered Cover Pool bonds Polish Economy Real Estate Market 11 Legislation

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