Current Report No. 15/2015

21 May, 2015

Moody’s Rating Agency upgrades Bank Zachodni WBK S.A. rating.

The Management Board of Bank Zachodni WBK S.A. hereby publishes the rating decision issued by Moody’s Rating Agency.

On 21st May 2015 Moody’s has upgraded the Bank Zachodni WBK S.A. long-term deposit rating to A3 from Baa1 due to the Advanced LGF analysis that provides two notches of uplift from the Bank’s adjusted BCA of baa2 (BCA is baa3) and offsets reduced government support assumptions.

In Agency opinion Bank Zachodni WBK S.A. benefits from a large volume of deposits, and limited senior and subordinated debt, resulting in very low loss given failure.

Agency outlines that because of the expected implementation of resolution legislation, Moody’s has lowered its government support assumptions for Bank Zachodni WBK S.A. to “low”, leading to no uplift from support, from “high” and one notch previously.

Now the Moody’s Ratings for Bank Zachodni WBK S.A. are as follows:

Deposit ratings: A3/P-1

BCA: baa3

Adjusted BCA: baa2

Outlook: stable

CR Aseessment: A2 (cr)/ P-1 (cr)

The original version of the announcement is attached to this current report.

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Legal basis:

§ 5 clause 1 point 26 of the Finance Minister’s of 19 February 2009 on current and periodic reports published by the issuers of securities and the rules of equal treatment of the information required by 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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