Banco Santander Regulatory News (BNC)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

THIS NOTIFICATION RELATES TO CRONJE, S.L.U.

2

Reason for the notification

a)

Position/status

tHIS notification RELATES TO CRONJE, S.L.U., person closely associated with MS ANA PATRICIA BOTIN-SANZ DE SAUTUOLA Y O´SHEA, executive CHAIRMAN OF THE ISSUER.

b)

Initial notification /Amendment

INITIAL NOTIFICATION

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BANCO SANTANDER, S.A.

b)

LEI

5493006QMFDDMYWIAM13

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

TRANSACTION CARRIED OUT IN FINANCIAL INSTRUMENT LINKED TO ORDINARY SHARES OF 0.50 EURO NOMINAL VALUE (ISIN: ES0113900037).

b)

Nature of the transaction

THE TRANSACTIONS REPORTED CORRESPOND TO THE EXERCISE AT MATURITY OF EUROPEAN OPTIONS (OTC) OVER A TOTAL OF 1,354,096 SANTANDER SHARES WITH CASH SETTLEMENT.

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

TRANSACTION CARRIED OUT IN FINANCIAL INSTRUMENT LINKED TO ORDINARY SHARES OF 0.50 EURO NOMINAL VALUE (ISIN: ES0113900037).

e)

Date of the transaction

2022-12-16

f)

Place of the transaction

XOFF

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

TRANSACTION CARRIED OUT IN FINANCIAL INSTRUMENT LINKED TO ORDINARY SHARES OF 0.50 EURO NOMINAL VALUE (ISIN: ES0113900037).

b)

Nature of the transaction

THE TRANSACTIONS REPORTED CORRESPOND TO THE EXERCISE AT MATURITY OF EUROPEAN OPTIONS (OTC) OVER A TOTAL OF 2,139,800 SANTANDER SHARES WITH CASH SETTLEMENT.

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

TRANSACTION CARRIED OUT IN FINANCIAL INSTRUMENT LINKED TO ORDINARY SHARES OF 0.50 EURO NOMINAL VALUE (ISIN: ES0113900037).

e)

Date of the transaction

2022-06-17

f)

Place of the transaction

XOFF