Current Report 

Drafted on:

14.04.2018

Current report No

14/2018

Abbreviated issuer’s name

mBank

Contents: 

The Management Board of mBank S.A. _"Bank"_ informs that on 11 April 2018 the Management Board adopted a resolution regarding a consent to establish a new programme for the issuance of debt instruments _Euro Medium Term Note Programme_ directly by the Bank, in many tranches and currencies, with various interest structures and due dates, up to the total amount of 3,000,000,000.00 EUR _the "New EMTN Programme"_. The amount of 3,000,000,000.00 EUR is equal to 12,573,300,000.00 PLN according to average NBP fx rate of 11 April 2018.

The New EMTN Programme will be established by the way of update of the existing debt instruments programme of mFinance France SA _Société Anonyme_ a private company incorporated under the laws of France, with its registered office in Paris, France _"mFF"_ referred to in the current report no. 19/2014. The update does not influence the existence of the instruments already issued by the mFF nor the validity of the guarantee granted by the Bank with regard to those instruments.

The Management Board approval encompasses that debt instruments issued under the New EMTN Programme may be listed on the Luxembourg Stock Exchange or on the stock exchange located in any other European Union country, as well as debt instruments may simultaneously be listed on more than one of such stock exchanges.

Vice-President of the Management Board, Head of Financial Markets

Frank Bock 11.04.2018