Current Report no. 1 (2021)

Polish Financial Supervision Authority recommendation regarding suspension of dividend payment in the first half of 2021.

The Management Board of Santander Bank Polska S.A. (the Bank), hereby inform that on the 14th of January 2021 they received a letter from the Polish Financial Supervision Authority (PFSA) dated the 11th of January 2021 and including the following recommendations for the Bank:

1. to suspend the dividend payment in the first half of 2021;
2. not to undertake, without prior consultation with the supervisory authority, other actions, in particular those beyond the scope of the Bank's day-to-day business and operational activity that may result in a reduction of the capital position, including undistributed earnings from previous years or buyback of own shares.

According to the above letter, the position of the PFSA on the dividend policy of commercial banks in the second half of 2021 will be presented separately, following an analysis of the conditions of the banking sector in the first half of the year.

Legal basis:
art. 17 of (1) MAR - inside information.