Current Report 

Drafted on:

02.03.2015

Current report No

9/2015

Abbreviated issuer’s name

mBank

Contents: 

The Management Board of mBank S.A. (the "Bank") announces that on 2 March 2015 that it passed a resolution on submitting for approval by the Annual General Meeting a motion on the distribution of the Bank’s profit for 2014 containing a motion for payment of dividend for 2014 to shareholders, on the proviso that all the following conditions are met: in the audited financial statements of mBank S.A. drawn up for H1 2015 the Total Capital Ratio (TCR) will be at least at 15.5%, and the net result of mBank S.A. will amount to at least PLN 250,000,000 PLN.

Under the motion of the Bank’s Management Board the amount of PLN 717,572,669 will be earmarked for the dividend of the Bank’s shareholders, whereas the amount of the dividend per one share is PLN 17.

The Bank’s Management Board recommends that the dividend date be scheduled for 29 May 2015 (dividend date), whereas the dividend payment date be scheduled for 18 August 2015 (dividend payment date).

In the case of not meeting the above-mentioned conditions the Bank’s Management Board recommends that the net profit for 2014 be earmarked in the following manner:
1. in the amount of PLN 50,000,000.00 – for the general risk fund of mBank S.A.;
2. in the amount of PLN 1,124,096,218.00 – for the supplementary capital of mBank S.A.
The Management Board of mBank S.A. will inform the shareholders of mBank S.A. in a separate statement which will be published in the current report on 30 July 2015, of meeting or not meeting the above-mentioned conditions which determine payment of the dividend.

The motion of the Bank’s Management Board on the payment of dividend for 2014 has been submitted for evaluation to the Supervisory Board pursuant to Article 382(3) of the Code of Commercial Partnerships and Companies.

On 2 March 2015, the Bank’s Supervisory Board approved the motion of the Bank’s Management Board on submitting the motion on payment of the dividend for 2014 for consideration to the Annual General Meeting depending on meeting the agreed conditions.

Deputy Director of the Compliance Department

Maciej Mołdawa 03.02.2015