23-02-2022

Current report no.: 5/2022

Re: Individual recommendation of the Polish FinancialSupervision Authority regarding the fulfilment of the criteria for thepayment of dividends from the net profit generated in 2021.

The Management Board of Santander Bank Polska S.A.(the _quot;Bank_quot;), hereby announces that on February 23rd, 2022, it receivedan individual recommendation of the Polish Financial SupervisionAuthority (the _quot;PFSA_quot;) regarding the Bank's dividend policy.

As at 31 December 2021 (Bank's quarterly data on ownfunds and Bank's monthly data on the receivables portfolio), in terms ofthe basic criteria set out in the PFSA's position of 9 December 2021 onthe dividend policy of commercial banks for 2022 (the "Dividendpolicy"), met the requirements qualifying for the payment of up to 100%of the dividend from the Bank's profit generated in the period from 1January 2021 to 31 December 2021.

After applying additional criteria specified by thePFSA in the Dividend policy for the portfolio of foreign currencyhousing loans for households held by the Bank, the dividend rate at theindividual and consolidated level was adjusted by a total of 70 p.p.

Consequently, the maximum dividend yield afterapplying additional criteria may amount up to 30% of the nett profitgenerated in 2021.

The PFSA recommended the Bank not to pay a dividendof more than 30% from the profit generated in the period from 1 Januaryto 31 December 2021.

In addition, the PFSA recommended the Bank not totake other actions, in particular those outside the scope of currentbusiness and operating activities, which could result in a reduction ofthe own funds, including possible dividend payments from undistributedprofit from previous years (i.e. from 2020 and previous years) and sharebuybacks.

Legal basis:

Art. 17 ust. 1 of MAR.