Current Report no. 35 (2023)

25 october 2023

Position of the Polish Financial Supervision Authority with regard to the payment of dividend by Santander Bank Polska S.A. (interim dividend).

The Management Board of Santander Bank Polska S.A. hereby informs that on 25 October 2023 it received a letter from the Polish Financial Supervision Authority (KNF) whereby the KNF stated that having analysed the current business and financial standing of the Bank and the arguments presented by the Bank, the KNF does not report any reservations to the potential payment of dividend (interim dividend) by the Bank in the amount of PLN 2,375,901,550.50 from the profit earned in the period between 1 January 2022 and 31 December 2022.

The basis for the amount calculated by the Bank is the profit earned between 1 January 2022 and 31 December 2022 totalling PLN 2,449,042,525.50 reduced by: (i) PLN 72,357,000 allocated to the reserve capital in line with resolution no. 6 of the General Meeting of 19 April 2023 with regard to the distribution of profit and the decision on the reserve capital created pursuant to resolution no. 6 of the General Meeting of 22 March 2021, and (ii) PLN 783,975 so that the quotient of the amount to be paid out as dividend and the number of shares gives the amount expressed in full grosz (one hundredth of a PLN).

The dividend payment depends on the final decisions made by the Bank's governing bodies taken as stipulated in the commercial companies code which will be communicated by the Bank in a separate current report.