17.12.2014

Current Report No. 117/2014
Prepared on: 17 December 2014

Subject
Issue of subordinated Bonds by mBank S.A.

Contents of report
The Management Board of mBank S.A. ("Bank") announces that on 17December 2014 the Bank issued subordinated bonds with a total nominal value of PLN 750 million. 7,500 subordinated bonds with a nominal value of PLN 100,000 each were issued. The redemption date of the subordinated bonds is 17 January 2025. The interest rate on subordinated bonds is variable, based on the WIBOR 6M rate increased by margin.

The Bank will request that the aforesaid subordinated bonds be traded in the alternative bonds trading system maintained with GiełdaPapierówWartościowych w Warszawie S.A. or BondSpot S.A.

The Bank will apply for consent by the Polish Financial Supervision Authority to add the financial liability in the amount of PLN 750 million (in words: seven hundred fifty million PLN), which the Bank has raised through the aforesaid issue of subordinated bonds, to the Bank's supplementary funds according to Article 127, section (3), item 2, letter b) of the Banking Law.