Current Report no. 6 (2024)

19 february 2024

Change of the Bond Issue Programme value and early redemption of bonds series 1/2023.

The Management Board of Santander Bank Polska S.A. (Bank) hereby advises of its decision dated 19 February 2024 on changing the bond issue programme referred to in the Bank's Current Report no. 3/2023 of 31 January 2023 ("Bond Issue Programme"). The change relates to the value of the Bond Issue Programme, which - calculated as the total nominal value of issued and outstanding bonds - will not exceed PLN 10,000,000,000. The previous value of the Bond Issue Programme was PLN 5,000,000,000. Other terms of the Bond Issue Programme shall remain unchanged.

The Bank also reports that on 19 February 2024 a decision was made to exercise an option of early redemption of non-preferred bonds series 1/2023 ISIN: PLBZ00000325 ("Bonds") in accordance with the Bonds Issue Terms and Conditions. The early redemption will take place on the Interest Payment Date falling on 31 March 2024 ("Redemption Date") and will cover all the Bonds issued, i.e. 3,800 Bonds at their nominal value, for the total amount of PLN 1,900,000,000. On the Redemption Date, the Bank will pay the Bondholders an amount equal to the sum of the nominal value of the Bonds and the amount of interest accrued from the start date of the Interest Period (inclusive) to the Redemption Date (exclusive) ("Redemption Amount"). The Redemption Amount will be paid to the Bondholders who will hold the Bonds on the date of determining the right to the interest, i.e. 22 March 2024. The Bonds will be redeemed through and in accordance with the regulations of the Central Securities Depository of Poland (KDPW).