Current Report no. 40 (2023)

20 november 2023

Issuance of senior preferred bonds series 2/2023.

In relation to Current Report 3/2023 of 31 January 2023, the Management Board of Santander Bank Polska S.A. ("Bank") hereby reports that on 20 November 2023 it decided to issue senior preferred bonds series 2/2023 ("Bonds") as part of the programme for the issue of bonds with the following terms and conditions:

The settlement of the issue will take place on 29 November 2023 ("Issue Date");
The total nominal value of the Bonds will be up to PLN 3,100,000,000.00;
The Bonds will be redeemed on 30 November 2026 ("Maturity Date") subject to the Bank's right to execute the call option;
The nominal value of one Bond will be PLN 500,000.00;
The issue price of the Bonds will be equal to their nominal value;
The Bonds will bear a floating interest rate equal to the sum of 6M WIBOR and the margin of 1.80% in annual basis;
The Bonds will be issued as liabilities which can be classified as eligible liabilities as defined in the Act of 10 June 2016 on the Bank Guarantee Fund, deposit guarantee scheme and resolution;
All benefits arising from the Bonds will be cash benefits;
The Bonds will not be secured;
The Bank's obligations under the principal amount of the Bonds will be in category three, sub-category four as described in Article 440 section 2 point 3) letter d) of the Act of 28 February 2003 - Bankruptcy Law and the Bank's obligations under the interest under the Bonds will be in category four, sub-category one as described in Article 440 section 2 point 4) letter a) of the Act of 28 February 2003 - Bankruptcy Law;
The Bonds will be issued as dematerialised bearer Bonds and will be registered in the securities depository kept by Krajowy Depozyt Papierów Wartościowych S.A.;
The Bank will apply for the admission of the Bonds to trading in the Alternative Trading System of the Warsaw Stock Exchange.