On 22 January 2020, a board meeting and an extraordinary shareholder's meeting
were held in Santander Consumer Bank AS (the "Company"). 

The Extraordinary Shareholder's Meeting of the Company has adopted, in
accordance with the proposal of the board of directors, to increase the share
capital by NOK 965,241,842 from NOK 9,652,418,420 to NOK 10,617,660,262 by
increase of the nominal value of each share of the Company from NOK 10 to NOK
11. Only the sole shareholder per today, Santander Consumer Finance S.A. has the
right to participate in the capital increase. It shall be paid NOK 2.072019584
per share, thus the aggregate capital contribution is NOK 2,000,000,000, of
which NOK 1,034,758,158 is share premium. The subscription amount shall be
settled by cash payment to the Company's bank account within three months. Once
the subscription amount has been settled, the capital increase will be
registered with the Norwegian Register of Business Enterprises (Nw.:
Foretaksregisteret). The background for the increase in share capital is
increased capital requirements and the planned acquisition of Forso Nordic AB.

This information is subject to disclosure under Oslo Stock Exchange's ABM rules.

Contact person, Santander Consumer Bank AS: 

Anders Bruun-Olsen, CFO
Phone: +47 95 76 83 28

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