Current report no. 5/2011 - Correction

25 March, 2011

Correction of the current report dated 24 March 2011 re. convening the Annual General Meeting of Bank Zachodni WBK Shareholders and passing the draft resolutions


The Management Board of Bank Zachodni WBK hereby informs that the English version of current report no. 5/2011 dated 24 March 2011 included by mistake an erroneous content of § 6 it. 2 point ii) and § 7 it. 2 point ii) of the draft resolution of the Annual General Meeting of Bank Zachodni WBK Shareholders re. the adoption of the Incentive Scheme IV. The following correction is hereby made:


in § 6 it. 2 point ii) instead:


“ii) 25% of the Maximum Annual Award if the PBT annual growth rate for the Company in individual years of the Incentive Scheme IV life is equal to:

a) [ 8]% in 2011,
b) [17 ]% in 2012,
c) [ 17]% in 2013,

against the previous exercise.”


the point shall read:


“ii) 25% of the Maximum Annual Award if the PBT annual growth rate for the Company in individual years of the Incentive Scheme IV life is equal to:

a) 8% in 2011,
b) 15 % in 2012,
c) 15 % in 2013,

against the previous exercise.”


in § 7 it. 2 point ii) instead:


“ii) 25% of the Maximum Total Award if the compound annual growth rate in PBT for the Company in individual years is not lower than [ 13.9]%:”


the point shall read:


“ii) 25% of the Maximum Total Award if the compound annual growth rate in PBT for the Company in individual years is not lower than 12.6 %:”


The Polish version of the report is correct.

The correct wording of the resolution of Annual General Meeting of Bank Zachodni WBK Shareholders re. the adoption of the Incentive Scheme IV is appended.



Legal basis:

§ 6 it. 2 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.

Santander Bank Polska S.A. with its registered office in Warsaw, al. Jana Pawła II 17, 00-854 Warszawa, registered by the District Court for the capital city of Warsaw, 12th Commercial Division, set up under regulation of the Council of Ministers of 11 April 1988 on setting up Bank Zachodni in Wrocław (Journal of Laws of 1 July 1988, No. 21, item 142), registered under KRS number 0000008723, REGON 930041341, NIP 896 000 56 73, share capital of PLN 1,020,883,050 paid-up in full. Helpline: 1 9999 – fee as per the operator’s tariff.

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