Current Report no. 33 (2021)

Completion of the sale of shares held by the Bank in AVIVA Towarzystwo Ubezpieczeń na Życie S.A. and AVIVA Towarzystwo Ubezpieczeń Ogólnych S.A., and replacement of the Bank's partner in Santander Aviva Towarzystwo Ubezpieczeń na Życie S.A. and Santander Aviva Towarzystwo Ubezpieczeń S.A.

Further to Current Reports No. 14/2021 and 15/2021 dated 26 March 2021 and Current Report No. 32/2021 dated 29 November 2021, and in connection with the receipt of all required approvals of the relevant authorities, including the required decisions of the Polish Financial Supervision Authority and the European Commission, as well as other terms and conditions agreed between the parties to the Transaction, Santander Bank Polska S.A., with its registered seat in Warsaw (the "Bank"), hereby announces the completion, on 30 November 2021, of the Transaction involving:

1. the sale by the Bank of (i) 4,125 shares in AVIVA Towarzystwo Ubezpieczeń na Życie S.A., representing approximately 10% of the share capital of that company, and (ii) 2,968 shares in AVIVA Towarzystwo Ubezpieczeń Ogólnych S.A., representing approximately 10% of the share capital of that company, to ALLIANZ HOLDING EINS GMBH ("Allianz") for a total sale price of Euro 223 317 482;
2. the termination of the agreements (including shareholder agreements) relating to the cooperation between the Bank and Aviva International Holdings Limited within Santander Aviva Towarzystwo Ubezpieczeń na Życie S.A. and Santander Aviva Towarzystwo Ubezpieczeń S.A.;
3. the conclusion of shareholders' agreements by the Bank with Allianz, concerning Santander Aviva Towarzystwo Ubezpieczeń na Życie S.A. and Santander Aviva Towarzystwo Ubezpieczeń S.A., with Allianz holding approximately 51% of the shares in these companies as a result of the Transaction;
4. the conclusion by the Bank of new bancassurance agreements with Santander Aviva Towarzystwo Ubezpieczeń na Życie S.A. and Santander Aviva Towarzystwo Ubezpieczeń S.A.

Furthermore, the Bank announces that, in connection with the conclusion of the above-mentioned agreements, the Transaction specified in Current Reports No. 14/2021 and 15/2021 has been completed.

Legal basis:
Article 17(1) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR).