Current Report 

Drafted on:

30.03.2015

Current report No

21/2015

Abbreviated issuer’s name

mBank

Contents: 

With reference to the current reports No. 84/2014 of 12 September 2014 and 15/205 of 27 March 2015, concerning the sale of shares of BRE Ubezpieczenia Towarzystwo Ubezpieczeń i Reasekuracji S.A. registered in Warsaw ("BRE TUiR") to Avanssur société anonyme registered in Suresnes, France ("Avanssur") (entity of AXA Group), the Management Board of mBank S.A. ("Bank") hereby announces that on 30 march 2015 mBank Group signed with AXA Group a number of agreements related to the sale of shares of BRE TUiR.

At the same time, the Bank signed a distribution agreement with BRE TUiR. The agreement is regulating the long-term cooperation between the Bank and BRE TUiR with regard to the distribution of non-life insurance products.

Total consideration of mBank Group for the sale of shares of BRE TUiR and signing a number of agreements related to the sale as well as distribution agreements amounts to PLN 579.5m.

A one-off, positive impact of the transaction on the gross profit of mBank Group amounts to PLN 193.5m and will be recognized in the first quarter of 2015.

President of the Management Board

Cezary Stypułkowski 03.30.2015