Current Report no. 5 (2015)

The proposal regarding dividend.

Bank Zachodni WBK S.A. (the “Bank”) hereby informs that the Bank’s Management Board tabled the following proposal that has been approved by the Supervisory Board:

• to allocate PLN 952,651,526.40 from the Bank’s net profit for 2014 to dividend for shareholders which means that the proposed dividend per share will be PLN 9.60
• to set the dividend registration date for 8th May 2015, while the dividend pay-out date for 22nd May 2015.

The Management Board and the Supervisory Board will submit the above proposal along with the recommendation to the Annual General Meeting of Bank.

Bank’s Management Board recommendation regarding proposed dividend payment.

Following recently issued proposal to pay out dividend from 2014 profits of the Bank in the amount of PLN 9.60 per share or ca. 47.76 % of profits after tax of the Bank and ca. 49.75 % of the BZWBK Group net profit attributable to owners of the Bank.
The Management Board would like to present following arguments, supporting this proposal.
The level of capital ratios as of 31.12.2014 was as follows:

• Capital ratio of the Group 12.91%
• Capital ratio of the Bank 13.46%
• Tier I ratio of the Group 12.47%
• Tier I ratio of then Bank 12.96%

The Management Boards considers that:

1. level of retained profits is sufficient to conduct the strategy of the Bank/Group and provides adequate balance between efficient capital utilisation and growth.
2. accumulated capital base reflects prudent approach to acceptable risk level associated to current and future Bank business and ensuring safeness of placed deposits.
3. guidelines issued in December 2014 re dividend payment by Polish Financial Supervision Authority (PFSA) are fully satisfied.

Legal basis:
§ 38 sec. 1 it. 11 of the Finance Minister’s Ordinance of 19 February 2009 re. current and periodic reports published by the issuers of securities and the rules of equal treatment of the information required under the laws of non-member states.