Santander Bank Polska S.A.

Notice of Dividend Amount • Mar 21, 2024

Report Content 2024-03-21

Current report no. 19/2024

Subject: Management Board's recommendation re distribution of profit for2023 and decision on Dividend Reserve created pursuant to resolution no.6 of the Annual General Meeting of 22 March 2021

In connection with current reports no. 7/2024 of 21 February 2024 andno. 18/2024 of 19 March 2024, the Management Board of Santander BankPolska S.A. (Bank) hereby informs you that on 21 March 2024 it issued arecommendation on the distribution of profit for 2023 and the DividendReserve created pursuant to resolution no. 6 of the Annual GeneralMeeting of 22 March 2021 (resolution no. 6).The recommendation waspositively reviewed by the Bank's Supervisory Board.

In line with the decision taken, the Bank's Management Board recommendsthat profit of PLN 4,672,978,361.27 earned in 2023 be distributed asfollows:

- PLN 3,504,071,577.06 - to be allocated to the dividend forshareholders;

- PLN 87,042,000.00 - to be allocated to the capital reserve;

- PLN 1,081,864,784.21 is to be kept undistributed.

Moreover, the Management Board recommends that PLN 1,056,637,506.76 outof the Dividend Reserve created pursuant to resolution no. 6 beallocated to the dividend for shareholders.

The Management Board recommends that 102,189,314 (say: one hundred twomillion, one hundred eighty-nine thousand and three hundred fourteen)series A, B, C, D, E, F, G, H, I, J, K, L, M, N and O shares giveentitlement to the dividend to be paid out from the profit earned in2023 and from the Dividend Reserve (Dividend). The dividend will totalPLN 4,560,709,083.82 (of which PLN 3,504,071,577.06 represents 74.99% ofthe net profit earned in 2023 and PLN 1,056,637,506.76 represents theamount allocated from the Dividend Reserve).

The Dividend per share will be PLN 44.63.

The Dividend record date will be 16 May 2024.

The Dividend will be paid out on 23 May 2024.

The Bank's Management Board and Supervisory Board will present thisproposal along with the recommendation at the next Bank's Annual GeneralMeeting.

The Bank hereby informs you that:

1) Pursuant to Article 349 § 1 of the Commercial Companies Code and §50(4) of the Bank's Statutes, and based on Management Board resolutionno. 227/2023 of 16 November 2023 and Supervisory Board resolution no.144/2023 of 16 November 2023, on 29 December 2023, the Bank paid interimdividend of PLN 2,375,901,550.50 (Interim Dividend) to its shareholders.The Interim Dividend included 102,189,314 shares (one hundred twomillion one hundred eighty-nine thousand and three hundred fourteen) ofseries A, B, C, D, E, F, G, H, I, J, K, L, M, N and O shares. TheInterim Dividend per share was PLN 23.25 and the record date for theInterim Dividend was 22 December 2023.

2) The Interim Dividend was paid from the Dividend Reserve created byforce of resolution no. 6/2021, to which the Annual General Meeting, byforce of resolution no. 6 of 19 April 2023, earmarked the amount of PLN2,376,685,525.50, i.e. part of the net profit earned by the Bank in theaccounting year from 1 January 2022 to 31 December 2022, and it does notreduce the Dividend to be paid out to shareholders.

When taking its decision, the Management Board took into account thecurrent macroeconomic environment as well as the recommendations andcurrent guidance of the Polish Financial Supervision Authority (KNF),including that outlined in the KNF's letter of 20 February 2024, ofwhich the Bank informed the market in its current report no. 7/2024 of21 February 2024 as well as that outlined in the letter of 19 March 2024confirming the possibility to pay a dividend from the Dividend Reserveof which the Bank informed the market in its current report no. 18/2024of 19 March 2024.

Legal basis:

Article 17 (1) of the MAR