Santander and AIG integrate Polish Consumer Finance business

Madrid, 29 July, 2009 - Santander Consumer Finance and American International Group, Inc. (AIG) have agreed to combine their consumer finance businesses in Poland conducted through Santander Consumer Bank (Poland) S.A and AIG Bank Polska S.A, respectively. The transaction, which is pending regulatory approvals from the Polish Financial Supervision Commission and other appropriate regulatory authorities, will result in an exchange of shares, providing Santander with a 70% stake of the combined company and AIG the remaining 30%. Santander will also assume the management of the resulting company.

Santander will hold a 70% stake in the combined company and AIG the remaining 30%
The loan portfolio of the combined company will amount to € 3.5 billion
The resulting company will become one of the top players in the Polish consumer finance market