Banco Santander Regulatory News (BNC)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

THIS NOTIFICATION RELATES TO MR. Rodrigo Echenique Gordillo.

2

Reason for the notification

a)

Position/status

DIRECTOR 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

ORDINARY SHARES OF 0.50 EURO NOMINAL VALUE (ISIN: ES0113900037)

b)

Nature of the transaction

17,295 SHARES GRANTED UNDER THE FIFTH CYCLE OF THE DEFERRED AND CONDITIONAL VARIABLE REMUNERATION PLAN.

c)

Price(s) and volume(s)

\* THE OPENING SHARE PRICE ON THE DAY ON WHICH THE SHARES WERE DELIVERED (15 FEBRUARY 2017) WAS EUR 5.22.

d)

Aggregated information

- Aggregated volume

- Price

ORDINARY SHARES OF 0.50 EURO NOMINAL VALUE (ISIN: ES0113900037):

e)

Date of the transaction

2017-02-15

f)

Place of the transaction

S.I.B.E.