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5/5/2020

Treasury Department Announces Public Offering of Warrants to Purchase Common Stock of M&T Bank Corporation

U.S. DEPARTMENT OF THE TREASURY
Press Center

Treasury Department Announces Public Offering of Warrants to Purchase Common
Stock of M&T Bank Corporation
12/10/2012

WASHINGTON -- The U.S. Department of the Treasury announced today that it has commenced a secondary public offering of 1,218,522
warrants to purchase the common stock of M&T Bank Corporation (the “Company”). The proceeds of this sale will provide an additional
return to the American taxpayer from Treasury's investment in the Company beyond the dividend payments it received on the related
preferred stock. The offering is expected to price through a modified Dutch auction. Deutsche Bank Securities Inc. is the sole book-running
manager for this offering.
Deutsche Bank Securities Inc., in its capacity as auction agent, has specified that the auction will commence at 8 a.m., Eastern Time, on
December 11, 2012, and will close at 6:30 p.m., Eastern Time, on that same day (the “submission deadline”). During the auction period,
potential bidders for the warrants will be able to place bids at any price (in increments of $0.25) at or above the minimum bid price of
$23.50 per warrant.
The auction procedure, and the applicable exercise price, expiration, and other terms of the warrants are described in the preliminary
prospectus supplement referenced below.
The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the “SEC”) for the
offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other
documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these
documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, the underwriter or any dealer
participating in the offering will arrange to send you the base prospectus and prospectus supplement if you request them from Deutsche
Bank Securities Inc., Attn: Prospectus Group, 60 Wall Street, New York, New York 10005-2836, telephone: 1-800-503-4611, or by email at
prospectus.CPDG@db.com.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in
any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities
laws of any such state or jurisdiction.

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5/5/2020

Treasury Department Announces Public Offering of Warrants to Purchase Common Stock of M&T Bank Corporation

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