Current Report No. 18/2016

16 May, 2016

Appointing the Management Board President of Bank Zachodni WBK S.A.

Bank Zachodni WBK S.A. (“the Bank”) hereby advises that on 16th May 2016 the Bank’s Supervisory Board passed the resolution on appointing Mr. Michał Gajewski the Bank’s Management Board President. The appointment will be effective as of the day the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego) gives its consent (indicated in the next paragraph) and not earlier than his current employment conditions have been concluded.

Bank’s Supervisory Board decided to apply promptly to the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego) with the request for consent to appoint Mr. Michał Gajewski to the position of the Bank’s Management Board President. In this respect, the delegation of Supervisory Board Chairman – Mr. Gerry Byrne to temporarily perform the duties of the Management Board President will expire at the day of taking over the Bank’s Management Board President position by Mr. Michał Gajewski (Bank informed on the said delegation in current reports no. 6/2016 dated 11th February 2016 and no. 27/2015 dated 9th November 2015).

Bank will publish the separate report with the information regarding the date when appointment of Mr. Michał Gajewski becomes effective.

Lawyer by education, Mr. Michał Gajewski is a graduate of the Law Department at the Adam Mickiewicz University in Poznań. He also studied at the Northwestern University in Chicago and London Business School.

Since 1992 has been professionally active in the banking sector, in 1992-2008 Mr. Michał Gajewski was professionally related to WBK S.A. Capital Group and then BZ WBK S.A., where he performed a number of functions, starting from working at a branch, through medium and higher management functions, up to the position of Member of the Management Board of BZ WBK S.A., responsible for the Retail Banking area.

In the period between 2008-2011 he had performed function of Vice President of the Management Board at Bank BGŻ S.A., where he was responsible for the Retail Business and SME Banking.

In 2012 started his employment at Bank Millennium S.A., initially in the period between 2012-2015, Michal Gajewski became Macro Regional Director within Retail Banking Department, subsequently in 2015 appointed Board Member responsible for Retail Banking.

Mr. Michał Gajewski is not involved in any activity competitive to the Bank. He is not included in the National Register of Insolvent Debtors (as per the Act on the National Court Register). He also meets the requirements stipulated in art. 22aa of the Banking Law.

 

Legal grounds:

§ 5 clause 1 item 22 of the Finance Minister's Ordinance 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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