Investor Presentaiton

mBank Hipoteczny assets origination - retail mortgages Pooling model Transfer of existing residential mortgage loan portfolio from mBank for its refinancing with mortgage Covered Bonds. Based on framework agreement on acquiring portfolios of mortgage loans, introduced in 2014 as pioneer transaction of the mortgage transfer on the Polish market. Transfer is based on comprehensive model of cooperation between mBH and mBank: Mortgage collateral Mortgage loan Borrowers Cash Flows mBank Mortgage collateral Bank Hipoteczny re-registration Mortgage loans Pooled loans portfolio origination After pooling: ✓ after-sale services, ✓ maintaining customer relationship- no changes from the customer perspective. Sale of loans portfolio Purchase price (pooling facility) Cash Flows Refinance by covered bonds Covered Bonds investors The target level of the newly originated portfolio of residential assets at mBank S.A. meeting the pooling criteria is to amount to over 90%. The inclusion of both primary and secondary market transactions in the transfer process with its cyclical nature is aimed at a systematic increase in the value of the mortgage loan portfolio of mBH. The process of transferring mortgage loans assumes transfer of assets to mBH on regular basis. m mBank Hipoteczny Covered bonds Cover Pool Polish Economy Real Estate Market 16 Legislation

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