Current Report no. 18 (2026)

18 march 2026

The Management Board's recommendation on the distribution of profit for 2025 and a portion of undistributed profits from previous years.

In connection with current reports no. 10/2026 of 27 February 2026 and 15/2026 of 16 March 2026, the Management Board of Santander Bank Polska S.A. (Bank) hereby informs you that on 18 March 2026 it issued a recommendation on the distribution of profit for 2025 and undistributed profits from previous years. The recommendation was positively reviewed by the Bank's Supervisory Board.

In line with the decision taken, the Bank's Management Board recommends that profit of PLN 6,708,807,103.95 earned in 2025 be distributed as follows:

PLN 5,030,603,480.88 - to be allocated to dividend for shareholders;
PLN 220,542,000.00 - to be allocated to the capital reserve;
PLN 1,457,661,623.07 - to be kept undistributed.

Moreover, the Management Board recommends that PLN 76,818,432.84, representing the sum of undistributed profits from 2018-2024, while not exceeding the levels specified in the Polish Financial Supervision Authority's (KNF) recommendations regarding the Bank's profits for 2018-2024, should be allocated to the Dividend Reserve created by force of resolution no. 6 of the Annual General Meeting of 22 March 2021 on profit distribution and creation of capital reserve for dividend for shareholders and that it should be paid out as dividend.

The Management Board recommends that 102,189,314 (say: one hundred two million, 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 give entitlement to the dividend to be paid out from profit earned in 2025 and from the Dividend Reserve (Dividend). The Dividend amount is PLN 5,107,421,913.72 (of which: PLN 5,030,603,480.88 represents 74.99% of the net profit earned in 2025 and PLN 76,818,432.84 represents the amount allocated from the Dividend Reserve, to which a portion of undistributed profits from the previous years will be allocated).

The Dividend per share will be PLN 49.98.

The Dividend record date will be 13 May 2026.

The Dividend will be paid out on 20 May 2026.

The Bank's Management Board and Supervisory Board will present this proposal along with the recommendation at the Bank's next Annual General Meeting.

When taking its decision, the Management Board took into account the current macroeconomic environment as well as the recommendations and current guidance of the Polish Financial Supervision Authority (KNF), including that outlined in the KNF's letter of 27 February 2026, of which the Bank informed the market in its current report no. 10/2026 of 27 February 2026, as well as that outlined in the letter of 16 March 2026 confirming the possibility to pay additional dividend, of which the Bank informed the market in its current report no. 15/2026 of 16 March 2026.