The Management Board of Bank Millennium S.A. ("Bank") announces that it received a letter from the Banking Guarantee Fund ("BGF") regarding a joint decision of the resolution authorities, i.e. the Single Resolution Board (SRB) and BGF obliging the Bank to meet the communicated MREL (minimum level for own funds and liabilities that may be eligible for redemption and conversion as defined in the Act of 10 June 2016 on the Bank Guarantee Fund, the Deposit Guarantee Scheme and Resolution) requirements, i.e.

1. MRELtrea calculated as a percentage of the total risk exposure amount, and
2. MRELtem calculated as a percentage of the total exposure measure.

The decision sets updated minimum requirements that must be met immediately after its receipt at the level of 18.03% - consolidated MRELtrea (previously 18.89% in the decision of 5 June 2023) and 5.91% - consolidated MRELtem (the same level as in the decision dated 5 June 2023). Respectively, taken a subordination criterion, the Bank is obliged to meet the minimum MRELtrea requirement of 17.92% (versus 18.62% in the decision dated 5 June 2023) and MRELtem of 5.87% (versus 5.89% in the decision received dated 5 June 2023).

The Bank fulfils above requirements at the moment of this report publication.

Legal basis: art. 17 sec. 1 of MAR