Release 30 Dec 2020

Press Release Budapest, 30 December 2020

Hungarian Bankholding Ltd.: mandatory takeover bids submitted On 30 December Hungarian Bankholding Ltd. and MTB Ltd. submitted to MNB (acting as the central bank of Hungary) the mandatory public takeover bids for the shares of MBH Plc. and MBH Bank Mortgage Bank Plc. The offers are made after the key owners of Budapest Bank Ltd., MBH Bank Plc. and MTB Ltd. have contributed their shares to Hungarian Bankholding Ltd. on 15 December.

The public bid is organized in accordance with mandatory legal regulations. The offer price per share – calculated in the manner specified by law – is HUF 1,985 for the shares of MBH Plc., HUF 599.53 for the series “A” and “B” shares of MBH Bank Mortgage Bank Plc., and HUF 5.995,28 for the series “C” shares of MBH Bank Mortgage Bank Plc. The bidder for the shares of MBH Plc. is Hungarian Bankholding Ltd., and the bidder for the shares of MBH Bank Mortgage Bank Plc. is MTB Ltd., whose major owners have also previously contributed their shares to Hungarian Bankholding Ltd.

The mandatory takeover bids were submitted by the bidders for approval to MNB, which supervises the Hungarian capital market. The mandatory public takeover bids are organized by Equilor Investment Plc.

– end –

Background information

Hungarian Bankholding Ltd.

Hungarian Bankholding Ltd. commenced its effective operation on 15 December, after MNB (acting as the central bank of Hungary) approved the merger of Budapest Bank Group, MBH Bank Plc. and MBH Bank Group, and the shares of the key owners were transferred to the joint holding company. By transferring the in-kind contributions, the second largest banking group in Hungary has been established, with the Hungarian State owning 30.35 percent of the shares through Corvinus International Investment Ltd., the previous direct owners of MBH acquiring 31.96 percent of the shares and the previous direct owners of MTB acquiring 37.69 percent of the shares. The new banking group is the second-largest in the Hungarian market: it serves 1.9 million customers and operates 920 branches nationwide; nearly half of the domestic branch network. Its aggregated balance sheet total is close to HUF 6,800, it has a HUF 3,800 credit volume and a 4,800 billion deposit volume. It serves 200 thousand microenterprises, 30 thousand small and medium sized enterprises, and 6 thousand private banking clients. It is the market leader in many fields.

Further information: Orsolya Tölgyes Head of Fusion Communication Hungarian Bankholding Ltd.

Mobile: 0036 70 436 6065 E-mail: tolgyes.orsolya@magyarbankholding.hu www.magyarbankholding.hu