BANK ZACHODNI WBK SA Closing the acquisition by Bank Zachodni WBK

Date of the report: 3 July 2014

Current Report No.: 26/2014

Subject: Closing the acquisition by Bank Zachodni WBK S.A. of the shares

in Santander Consumer Bank S.A. - acquisition of material assets -

correction

Bank Zachodni WBK S.A. (the "Bank") hereby states that in current report

No. 26/2014 dated 1 July 2014 as a result of an obvious accounting error:

1. In the third paragraph the information regarding the percentage share

of the ordinary bearer series L shares of the Bank and the information

regarding the type of the series L shares has been changed

Was: "On the terms set out in the Agreement and in the Purchase

Agreement, the Bank agreed to issue 5,383,902 (five million, three

hundred and eighty-three thousand, nine hundred and two) ordinary

registered series L shares in the Bank with a nominal value of PLN 10

(ten) each constituting 1.6% of the share capital of the Bank and

authorising the exercise of 1.6% of the votes at the general meeting of

the Bank (the "New Shares") which will be offered to and subscribed for

solely by SCF as consideration for an in-kind contribution constituting

the SCB Shares."

Is: "On the terms set out in the Agreement and in the Purchase

Agreement, the Bank agreed to issue 5,383,902 (five million, three

hundred and eighty-three thousand, nine hundred and two) ordinary bearer

series L shares in the Bank with a nominal value of PLN 10 (ten) each

after the registration by a relevant court of the changes in the share

capital of the Bank related to the issuance of the series K shares and

the series L shares will constitute 5.42% of the share capital of the

Bank and authorising the exercise of 5.42% of the votes at the general

meeting of the Bank (the "New Shares") which will be offered to and

subscribed for solely by SCF as consideration for an in-kind

contribution constituting the SCB Shares."

2. In the sixth paragraph the information regarding the shareholding of

Banco Santander S.A. in the Bank has been changed.

Was: "As at the Transaction Closing Date Santander is the parent entity

of the Bank with a direct holding of 70% of the Bank's share capital

authorising it to exercise 70% of the votes at the general meeting of

the Bank. After the registration by a relevant court of the issuance of

the New Shares and the depositing thereof on the securities account of

SCF, Santander will hold in aggregate 71.6% of the share capital of the

Bank authorising it to exercise 71.6% of the votes at the general

meeting of the Bank, where 70% of the share capital of the Bank and the

corresponding number of votes at the general meeting of the Bank will be

held directly and 1.6% will be held indirectly through SCF."

Is: "As at the Transaction Closing Date Santander is the parent entity

of the Bank with a direct holding of 70% of the Bank's share capital

authorising it to exercise 70% of the votes at the general meeting of

the Bank. After the registration by a relevant court of the issuance of

the New Shares and the issuance of the series K shares and the

depositing of the New Shares on the securities account of SCF, Santander

will hold in aggregate 71.41% of the share capital of the Bank

authorising it to exercise 71.41% of the votes at the general meeting of

the Bank, where 65,99% of the share capital of the Bank and the

corresponding number of votes at the general meeting of the Bank will be

held directly and 5.42% will be held indirectly through SCF."

Therefore, Bank publishes the correct text of the report.

Legal basis:

§ 6 clause 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.

More information on page: biznes.pap.pl

kom espi pif/