Current Report 

Drafted on:

12.05.2014

Current report No

114/2014

Abbreviated issuer’s name

mBank

Contents: 

The Management Board of mBank S.A. announces that Dom Maklerski mBanku S.A. ("MDM"), a subsidiary of mBank S.A., on 5 December 2014 sold 100 D series bonds with pre-emptive right issued by mBank S.A. under the incentive programme for key employees of mBank S.A. Group implemented on the basis of Resolution No. 2 and No. 3 of the Extraordinary General Meeting of mBank S.A. of 27 October 2008 ("Programme").

100 D series bonds with pre-emptive right issued by mBank S.A. under the Programme had been purchased by MDM due to allocation of the bonds to MDM as a trustee.

The aforementioned bonds were alienated by MDM to eligible persons in order to grant them the pre-emptive right to take up ordinary bearer shares of mBank S.A. which will be issued under the Programme.

The average sale price of a single bond was PLN 0.01.

At the same time, on 5 December 2014, mBank S.A. redeemed the aforementioned bonds from the eligible persons under the Programme in the total amount of 100.

The basis for redemption of these bonds from the eligible persons under the Programme were the provisions of Resolution No. 3 of mBank S.A. Extraordinary General Meeting of 27 October 2008.

Under the Programme, the redemption occurred at the price of PLN 0.01 per bond and the bonds were purchased by mBank S.A. in order to remit them.

On 5 December 2014, under the Programme, mBank S.A. remitted all 100 bonds.

Deputy Director of the Compliance Department

Maciej Mołdawa 05.12.2014