TRANSLATORS’ EXPLANATORY NOTE

The English content of this report is a free translation of the statutory auditor’s report of the below-mentioned Polish Company. In Poland statutory accounts as well as the auditor’s report should be prepared and presented in Polish and in accordance with Polish legislation and the accounting principles and practices generally adopted in Poland.

The accompanying translation has not been reclassified or adjusted in any way to conform to the accounting principles generally accepted in countries other than Poland, but certain terminology current in Anglo-Saxon countries has been adopted to the extent practicable. In the event of any discrepancies in interpreting the terminology, the Polish language version is binding.

PricewaterhouseCoopers Polska spółka z ograniczoną odpowiedzialnością Audyt sp. k. , ul. Polna 11, 00-633 Warsaw, Poland, T: +48 (22) 746 4000, F:+48 (22) 742 4040 ,

www.pwc.pl

PricewaterhouseCoopers Polska spółka z ograniczoną odpowiedzialnością Audyt sp. k. is entered into the National Court Register maintained by the District Court for the Capital City of Warsaw, under KRS number 0000741448, NIP 113-23-99-979. The seat of the Company is in Warsaw at Polna 11.

Independent Statutory Auditor’s Report

To the General Shareholders’ Meeting and the Supervisory Board of Santander Bank Polska S.A.

Report on the audit of separate financial statements

Our opinion

In our opinion, the accompanying annual separate financial statements:

• give a true and fair view of the separate financial position of Santander Bank Polska S.A. (the

“Bank”) as at 31 December 2024 and the Bank’s separate financial performance and the separate

cash flows for the year then ended in accordance with the applicable International Financial

Reporting Standards as adopted by the European Union and the adopted accounting policies;

• comply in terms of form and content with the laws applicable to the Bank and the Bank’s Articles

of Association;

• have been prepared on the basis of properly maintained books of account in accordance with the

provisions of Chapter 2 of the Accounting Law of 29 September 1994 (the “Accounting Act”).

Our opinion is consistent with our additional report to the Audit Committee of the Bank issued on the

date of this report.

What we have audited

We hav e audited the annual separate financial statements of Santander Bank Polska S.A. which

comprise:

• the separate statement of financial position as at 31 December 2024;

and the following prepared for the financial year then ended:

• the separate income statement;

• the separate statement of comprehensive income;

• the separate statement of changes in equity;

• the separate statement of cash flows, and

• the additional notes to the separate financial statements, comprising material accounting

principles information and other explanatory information.

Basis for opinion

We conducted our audit in accordance with the National Standards on Auditing as adopted by the resolutions of the National Board of Statutory Auditors and the resolution of the Council of the Polish Agency for Audit Oversight (“NSA”) and pursuant to the Act of 11 May 2017 on Statutory Auditors,

Audit Firms and Public Oversight (the “Act on Statutory Auditors” ) and the Regulation (EU) No.

537/2014 of 16 April 2014 on specific requirements regarding the statutory audit of public interest

entities (the “EU Regulation”). Our responsibilities under NSA are further described in the Auditor’s

responsibilities for the audit of the separate financia l statements section.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Independence

We are independent of the Bank in accordance with the Handbook of the International code of ethics for professional accountants (including International independence standards) (“Code of ethics”) as adopted by resolution of the National Board of Statutory Auditors and other ethical requirements that

are relevant to our audit of th e separate financial statements in Poland. We have fulfilled our other

ethical responsibilities in accordance with these requirements and the Code of ethics. During the audit,

the key statutory auditor and the audit firm remained independent of the Bank in accordance with the

independence requirements set out in the Act on Statutory Auditors and in the EU Regulation.

Our audit approach

Overview

• The overall materiality threshold adopted for our audit was set at PLN 302,000 thousand. We adopted overall materiality based on the value of approximately 5% of the profit before tax adjusted for tax on financial institutions. For reasons of prudence, we have adjusted the overall materiality so that it does not exceed approximately 1% of the Bank's net assets.

• All material items included in the separate financial statements were subject to our audit procedures.

• Estimating the allowances for expected credit losses for loans and advances to customers

• Estimating the cost of legal risk related to the portfolio of mortgage loans in Swiss franc (CHF)

Materiality

Group scoping

Key audit matters

As part of designing our audit, we determined materiality and assessed the risks of material

misstatement in the separate f inancial statements. In particular, we considered where the Bank’s Management Board made subjective judgements; for example, in respect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. As in all of our audits we also addressed the risk of management override of internal controls, including among other matters, consideration of whether there was evidence of bias that represented a risk of material misstatement due to fraud.

We tailored the scope of our audit in order to perform sufficient work to enable us to provide an opinion on the separate financial statements as a whole, taking into account the structure of the Bank, the accounting processes and controls, and the industry in which the Bank operates.

Materiality

The scope of our audit was influenced by our application of materiality. An audit is designed to obtain

reasonable assurance whether the separate financial statements are free from material misstatement.

Misstatements may arise due to fraud or error. They are considered material if, individually or in

aggregate, they could reasonably be expected to influence the economic decisions of users taken on

the basis of the separate financial statements.

Based on our professional judgement, we determined certain quantitative thresholds for materiality,

including the overall materiality for the separate financial statements as a whole, as set out in the table

below. These, together with qualitative considerations, helped us to determine the scope of our audit

and the nature, timing and extent of our audit procedures and to evaluate the effect of misstatements,

if any, both individually and in aggregate on the separate fi nancial statements as a whole.

Overall Bank materiality

PL N 302,000 thousand

How we determined it

Approximately 5% of the profit before tax adjusted for the tax on financial institutions. For reasons of prudence, we adjusted the overall materiality so that it does not exceed approximately 1% of the Bank's net assets.

Rationale for the materiality benchmark applied

We chose profit before tax as the benchmark because, in our view, it is the benchmark against which the performance of the Bank is most commonly measured by users, and is a generally accepted benchmark. We adjusted this value by the tax on financial institutions, which has the nature of a special tax burden.

In order to calculate the materiality as above, we adopted the levels of 5% (of profit before tax adjusted for tax on financial institutions) and 1% (of net assets), respectively, because based on our professional judgement they are within the range of acceptable quantitative materiality thresholds.

We agreed with the Audit Committee of the Bank that we would report to them misstatements of the

separate financial statements identified during our audit a bove PLN 15,100 thous and, as well as

misstatements below that amount that, in our view, warranted reporting for qualitative reasons.

Key audit matters

Key audit matters are those matters that, in our professional judgement, were of most significance in

our audit of the separate financial statements of the current period. They include the most significant

identified risks of material misstatements, including the identified risks of material misstatement

resulting from fraud. These matters were addressed in the context of our audit of the separate

financial statements as a whole, and in forming our opinion thereon. We do not provide a separate

opinion on these matters.

Key audit matter

How our audit addressed the key audit matter

Estimating the allowances for expected credit losses for loans and advances to customers

In accordance with the provisions of International Financial Reporting Standard 9, Financial Instruments, (“IFRS 9”) the Management is required to determine expected credit loss (“ECL”) that may occur over either a 12 month period or the remaining life of a financial asset, depending on the classification of individual assets into risk categories ("stages"), taking into account the impact of future macroeconomic conditions on the level of credit risk allowances.

The Bank’s loan portfolio consists of exposures assessed for expected credit losses:

• on an individual basis for individually significant credit exposures and

• with the use of statistical models which estimate allowances for credit losses for each of the homogenous portfolios identified by the Bank.

Expected credit losses as at 31 De cember 2024

amounted to PLN 3,730,633 thousand in the

portfolio of loans and advances to customers with

a gross book value of PLN 155,988,035 thousand.

The Bank's Management Board monitors the correct functioning of the models, among others by comparing the results estimated by the models

As part of the procedures performed, we updated our understanding of the Bank’s policies and procedures related to the estimation of allowances for expected credit losses, especially the changes applied to address the uncertainties resulting from changes observed in the economic environment.

We tested the effectiveness of controls applied by the management related to the recognition and measurement of credit losses including, among others, controls over:

• the completeness and accuracy of input data used;

• verification of the models of probability of default (PD), loss given default (LGD) and other parameters;

• the application of future macroeconomic scenarios, forecasted macroeconomic variables and the probabilities applied for particular scenarios.

As part of the work on statistical models, we performed the following procedures, for which we engaged our internal credit risk modelling specialists:

to actual credit losses (backtesting procedures) and performing periodic quantitative validation of the models.

In the models of expected credit losses, the Bank uses large amounts of data, therefore the completeness and reliability of data may significantly affect the accuracy of allowances for credit losses.

We considered allowances for expected credit losses for loans and advances portfolio as a key audit matter due to:

• high degree of uncertainty related to the estimation of the allowance for expected credit losses due to dynamic changes in the economic environment which affect the credit risk parameters used in the models for estimating expected credit losses;

• judgement used by the Management Board in modelling future scenarios and forecasting macroeconomic variables;

• the complexity of the audit procedures and the audit evidence obtained due to the complexity of the calculations and the amount of data used to estimate the allowances for expected credit losses.

Note 2.5 Use of estimates , Note 2.7 Material accounting policy information , Note 3 Risk management and Note 21 Loans and advances to customers in the separate financial statements provide information on the models and assumptions used and the level of allowances for the expected credit losses in the portfolio of loans and advances to customers.

• assessment whether the Bank’s methodology related to the estimation of expected credit losses is in line with the requirements of IFRS 9, in particular assessment of the Bank’s approach to applying the criteria to identify significant increase in credit risk, default definition, PD and LGD parameters and including forward-looking information when calculating expected credit losses;

• challenging key judgments and assumptions, including macroeconomic scenarios and the probability-weightings assigned to particular scenarios;

• independent tests of the selected credit risk parameters.

In the area of the individually assessed exposures, we performed the following procedures:

• we selected a sample taking into account various risk criteria based on our professional judgement;

• for selected loans and advances we checked the correct stage classification as at the balance sheet date;

• for selected impaired loans and advances (stage 3) we tested the assumptions used in the expected credit loss allowances’ calculation, particularly expected scenarios and probabilities assigned to them and the timing and amount of expected cash flows, including cash flows from repayments and realisation of collaterals.

Moreover, we performed the following procedures:

• we reconciled selected input data used for determining default

parameters and estimating expected credit losses;

• in relation to individual portfolios, we verified, on the sample basis, the assignment of exposures to appropriate stages based on selected quantitative parameters;

• we performed a recalculation of expected credit losses for selected loan portfolios;

• we performed analytical procedures over provision coverage of the credit portfolio, its changes in 2024 and transfers between stages in 2024;

• we analysed the results of the management's sensitivity analysis of the level of allowances for expected credit losses due to deterioration or improvement of risk parameters.

Additionally, we verified adequacy and completeness of disclosures in the separate financial statements in accordance with applicable accounting standards.

Estimating the cost of legal risk related to the portfolio of mortgage loans in CHF

As at the balance sheet date, the Bank had a portfolio of mortgage loans denominated in or indexed to foreign currencies, mainly to the Swiss franc (CHF), in the total gross book value of PLN

3,707,626 th ousand before taking into account the adjustment for the reduction of contractual cash flows due to legal risk in the amount of PLN 3,491,974 thousand and a portfolio of mortgage loans in PLN that were previously mortgage loans denominated or indexed to CHF in the amount of PLN 297,466 thousand before taking into account the adjustment for the reduction of contractual cash flows due to legal risk in the amount of PLN

As part of our audit procedures, we assessed whether the accounting approach applied by the Bank is in line with the International Financial Reporting Standards as adopted by the European Union. Our audit procedures were mainly aimed at assessing the model and the particular assumptions adopted by the Management Board that had a significant impact on the level of estimated provisions.

In particular, we carried out the following procedures:

230,388 thousand. As described in the Note 45 Legal risk connected with CHF mortgage loans in the separate financial statements, the loan agreements based on which these loans were granted, contain clauses questioned by customers in courts due to abusiveness. A negative trend for banks in relation to court judgments is observed (with the dominant line of jurisprudence declaring the invalidity of loan agreements), which affects the increase in the number of court cases brought by the bank’s clients. At the same time, banks decide to offer settlements to convert foreign currency loans into PLN loans to their customers, as proposed by the Chairman of the Polish Financial Supervision Authority, or launch other settlement programs resulting in the conversion of a CHF loan into a PLN loan with the simultaneous cancellation of a part of the loan balance. The Bank developed settlement proposals for clients and presented them to particular groups of clients, which was also taken into account in the applied model for estimating the costs of legal risk.

The Bank estimated the impact of this situation on the recoverability of the assumed cash flows resulting from the concluded agreements for the active portfolio of mortgage loans in CHF based on paragraph B5.4.6 of IFRS 9 by adjusting the gross carrying amount of the portfolio by reducing contractual cash flows from mortgage loans denominated or indexed to CHF and recognized a provision for the legal risk of the CHF loan portfolio in accordance with IAS 37 Provisions, Contingent Liabilities and Contingent Assets for fully repaid loans and when the gross carrying amount of the active loan was lower than the value of the identified risk. The level of deduction of the gross carrying amount of the active portfolio estimated as at 31 December 2024 and the level of provisions created amounted to PLN 3,722,362

thousand and PLN 1,461,997 thousand,

respectively, and the costs of legal risk recognized

in the separate income statement amounted to

PLN 2,252,561 thousand.

Estimation of the cost of legal risk related to the portfolio of mortgage loans in CHF is complex and requires a significant degree of judgement due to the high degree of uncertainty of the assumptions made by the Management Board in the model to

• we discussed with the Management Board and specialists involved in estimating the provision, including the Bank's external legal experts, the assumptions made, taking into account historical observations, including information on court judgments, completed court cases and the current number of new claims and settlements, as well as the existing and possible legal decisions, in particular the decisions of the CJEU;

• we assessed the scenarios adopted by the Bank in terms of the expected number of lawsuits against the Bank, prepared, among others, based on the number of currently filed lawsuits against the Bank based on the built statistical model (so- called behavioural model). We conducted an assessment of the assumptions made in the behavioural model;

• we assessed the assumptions adopted by the Bank based on historical data to estimate the likelihood of future settlements and the level of losses incurred due to them;

• we obtained directly from the Bank’s external legal experts their assessment of the expected scenarios of the resolution of court cases together with an assessment of the probability of these scenarios broken down into homogeneous portfolios identified by the Bank, grouped on the basis of individual clauses in contracts;

• in cooperation with our internal legal experts, we analysed the

calculate the costs of legal risk, including forecasted number of lawsuits in the future, as well as possible court settlement scenarios and estimated levels of expected losses on their basis.

Due to the uncertainty as to the assumptions described above, as well as the significant value of the portfolio of loans denominated and indexed to CHF and significant impact of the cost of legal risk on the Bank’s financial result, we considered this area to be the key audit matter.

Note 45 Legal risk connected with CHF mortgage loans in the separate financial statements contains detailed information on the assumptions adopted in the model to calculate the costs of legal risk related to the portfolio of mortgage loans in CHF and possible alternative results presented in as part of the estimation sensitivity analysis as well as current and possible legal decisions, including decisions of the Court of Justice of the European Union (“CJEU”).

documentation and legal opinions received directly from the Bank's external legal experts for the purposes of assessing the risk of losing the court proceedings, as well as the probabilities of particular scenarios of the court verdicts and settlements;

• we analysed the method of calculating the probable losses for each scenario assumed by the Bank based on the historical data;

• we assessed the adequacy of the model used by the Bank to estimate the costs of legal risk (including checking the correctness and completeness of the data constituting the basis for the calculation and confirming the mathematical correctness of the calculation).

We also assessed the adequacy and completeness of the disclosures in the separate financial statements in accordance with the applicable accounting standards.

Responsibility of the Management and Supervisory Board of the Bank for the

separate financial statements

The Management Board of the Bank is responsible for the preparation, based on the properly

maintained books of account of the annual separate financial statements that give a true and fair view

of the Bank’s financial position and results of operations, in accordance with International Financial

Reporting Standards as adopted by the European Union, the adopted accounting policies, the

applicable laws and the Bank’s Articles of Association, and for such internal control as the

Management Board of the Bank determines is necessary to enable the preparation of separate

financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the separate financial statements, the Bank’s Management Board is responsible for

assessing the Bank’s ability to continue as a going concern, disclosing, as applicable, matters related

to going concern and using the going concern basis of accounting unless the Bank’s Management

Board either intends to liquidate the Bank or to cease operations, or has no realistic alternative but to

do so.

The Bank’s Management Board and members of the Supervisory Board are obliged to ensure that the

separate financial statements comply with the requirements specified in the Accounting Act. Members

of the Supervisory Board are responsible for overseeing the financial reporting process.

Auditor’s responsibility for the audit of the separate financial statements

Our objectives are to obtain reasonable assurance about whether the separate financial statements as

a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s

report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a

guarantee that an audit conducted in accordance with the NSA will always detect a material

misstatement when it exists. Misstatements can arise from fraud or error and are considered material

if, individually or in aggregate, they could reasonably be expected to influence economic decisions of

users taken on the basis of these separate financial statements.

The scope of the audit does not include an assurance on the Bank’s future profitability nor the

efficiency and effectiveness of conducting its affairs by the Bank’s Management Board , now or in

future.

As part of an audit in accordance with NSA, we exercise professional judgement and maintain

professional scepticism throughout the audit. We also:

• identify and assess the risks of material misstatement of t he separate financial statements,

whether due to fraud or error, design and perform audit procedures responsive to those risks, and

obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk

of not detecting a material misstatement resulting from fraud is higher than for one resulting from

error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the

override of internal control;

• obtain an understanding of internal control relevant to the audit in order to design audit procedures

that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the

effectiveness of the Bank’s internal control;

• evaluate the appropriateness of accounting policies used and the reasonableness of accounting

estimates and related disclosures made by the Bank’s Management Board;

• conclude on the appropriateness of the Bank’s Management Board’s use of the going concern

basis of accounting and, based on the audit evidence o btained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Bank’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to

draw attention in our auditor’s report to the related disclosures in the separate financial statements

or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the

audit evidence obtained up to the date of our auditor’s report. However, future events or conditions

may cause the Bank to cease to continue as a going concern;

• evaluate the overall presentation, structure and content of the separate financial statements,

including the disclosures, and whether the separate financial statements represent the underlying

transactions and events in a manner that achieves fair presentation.

We communicate with the Audit Committee of the Bank regarding, among other matters, the planned

scope and timing of the audit and significant audit findings, including any significant deficiencies in

internal control that we identify during our audit.

We also provide the Audit Committee of the Bank with a statement that we have complied with

relevant ethical requirements regarding independence, and to communicate with them all relationships

and other matters that may reasonably be thought to bear on our independence, and where

applicable, actions taken to eliminate threats or safeguards applied.

From the matters communicated to the Audit Committee, we determine those matters that were of

most significance in the audit of the separate financial statements of the current period and are

therefore the key audit matters. We describe these matters in our auditor’s report unless law or

regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we

determine that a matter should not be communicated in our report because the adverse

consequences of doing so would reasonably be expected to outweigh the public interest benefits of

such communication.

Other information

Other information comprises:

• a Management Board Report on Santander Bank Polska Group Performa nce in 2024 (including a

Report on Santander Bank Polska S.A. Performance) (“the Report on the operations”) and the

corporate governance statement, which is a separate part of the Report on the operations,

• other documents comprising the Annual Report for the financial year ended 31 December 2024

(“the Annual Report”),

(together “Other Information”).

Other information does not include the separate financial statements and our auditor’s report thereon.

Responsibility of the Management and Supervisory Board of the Bank

The Management Board of the Bank is responsible for the preparation of the Other Information in

accordance with the law.

The Bank’s Management Board and the members of the Supervisory Board are obliged to ensure that

the Report on the operations including its separate parts complies with the requirements of the

Accounting Act.

Statutory auditor’s responsibility

Our opinion on the separate financial statements does not cover the Other Information.

In connection with our audit of the separate financial statements, our responsibility under NSA is to

read the Other Information and, in doing so, consider whether the Other Information is materially

inconsistent with the information in the separate financial statements, our knowledge obtained in our

audit, or otherwise appears to be materially misstated. If, based on the work performed, we identified

a material misstatement in the Other Information, we are obliged to inform about it in our audit report.

In accordance with the requirements of the Act on the Statutory Auditors, we are also obliged to issue

an opinion on whether the Report on the operations, to the extent not related to sustainability

reporting, has been prepared in accordance with the law and is consistent with information included in

annual separate financial statements and to issue a statement as to whether, in the light of the

knowledge about the Bank and its environment obtained during the audit, any material misstatements

have been identified in the Report on the operations, to the extent not related to sustainability

reporting, and an indication of what any such material misstatement is.

Moreover, we are obliged to issue an opinion on whether the Bank provided the required information

in its corporate governance statement.

In addition, we are required to audit the financial information include d in item X of th e Report on the

operations in accordance with the scope described in this audit report and the requirements of the act

of 29 August 1997 on the banking law (“the Banking Law”).

Statement on the Other information

We declare, based on the knowledge of the Bank and its environment obtained during our audit, that we have not identified any material misstatements in the Report on the operations, to the extent not related to sustainability reporting, and in the remaining Other information.

The Report on the operations to the extent related to sustainability reporting for the financial year ended 31 December 2024 was the subject of a separate limited assurance engagement, from which a report was issued on 24 February 2025, containing an unmodified opinion.

As part of our procedures under the NSA, we also have not identified any material misstatements in the Report on the operations to the extent related to sustainability reporting.

Opinion on the Report on the operations, to the extent not related to sustainability reporting

Based on the work we carried out during our audit, in our opinion, the Report on the operations, to the extent not related to sustainability reporting:

• has been prepared in accordance with the requirements of Article 49 of the Accounting Act and

para. 70 of the Regulation of the Minister of Finance dated 29 March 2018 on current and

periodical information submitted by issuers of securities and conditions for considering as

equivalent the information required under the legislation of a non-Member State (“Regulation on

current information”) and Article 111(1–2) of the Banking Law;

• is consistent with the information in the separate financial statements.

Opinion on the corporate governance statement

In our opinion, in its corporate governance statement, the Bank included information set out in para.

70.6 (5) of the Regulation on current information. In addition, in our opinion, information specified in

paragraph 70.6 (5)(c)–(f), (h) and (i) of the said Regulation included in the corporate governance

statement is consistent with the applicable provisions of the law and with information included in the

separate financial statements.

Report on other legal and regulatory requirements

Information on compliance with prudential regulations

The Management Board of the Bank is responsible for complying with the applicable prudential regulations set out in separate legislation, and in particular, for correct determination of the capital ratios.

The capital ratios as at 31 December 2024 have been presented in Note 4 of t he separate financial

statements and include

Tier 1 capital ratio and the total capital ratio.

We are obliged to inform in our report on the audit of the separate financial statements whether the

Bank has complied with the applicable prudential regulations set out in separate legislation, and in

particular, whether the Bank has correctly determined its capital ratios. For the purposes of the said

information, the following legal acts are understood as separate legislation: Regulation (EU) no.

575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements

for credit institutions and investment firms and amending Regulation (EU) No 648/2012, as amended

(“CRR”), the Banking Law and the Act of 5 August 2015 on macro-prudential supervision over the

financial system and on crisis management in the financial system (“the Act on macro-prudential

supervision”).

It is not the purpose of an audit of the separate financial statements to present an opinion on

compliance with the applicable prudential regulations specified in the separate legislation specified

above, and in particular, on the correct determination of the capital ratios, and therefore, we do not

express such an opinion.

Based on the work performed by us, we inform you that we have not identified:

• any cases of non-compliance by the Bank with the applicable prudential regulations set out in

separate legislation referred to above, in the period from 1 January to 31 December 2024;

• any irregularities in the determination by the Bank of the capital ratios as at 31 December 2024 in

accordance with the separate legislation referred to above;

which would have a material impact on the separate financial statements.

Statement on the provision of non-audit services

To the best of our knowledge and belief, we declare that the non-audit services prohibited under

Article 5(1) of the EU regulation and Article 136 of the Act on Statutory Auditors were not provided and

the non-audit services that we provided to the Bank and its controlled entities within the European

Union are in accordance with the applicable laws and regulations in Poland.

The non-audit services which we have provided to the Bank and its controlled entities within the

European Union during the period from the beginning of the audited period to the date of issuing this

report are disclosed in the Report on the operations.

Appointment

We were first appointed to audit the annual separate financial statements of the Bank by resolution

of the Supervisory Board of the Bank dated 22 March 2016 and re-appointed by resolution dated 13

December 2023. We have been auditing the Bank’s separate financial statements without interruption

since the financial year ended 31 December 2016, i.e. for nine consecutive years.

The Key Statutory Auditor responsible for the audit on behalf of PricewaterhouseCoopers Polska

spółka z ograniczoną odpowiedzialnością Audyt sp. k., a company entered on the list of audit firms

with the number 144, is Tomasz Drzewiecki.

Original report is signed in Polish language.

Tomasz Drzewiecki

Key Statutory Auditor

No. in the registry 13488

Warsaw, 24 February 2025