Share capital distribution

As communicated by “other relevant information” registered with the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores) on 4 December 2024 with registration number 31651, the board of directors, in accordance with the delegation granted by the ordinary general shareholders’ meeting, has resolved on the Bank’s share capital reduction through a cancellation of own shares acquired in the share buy-back programme, the beginning and termination of which Banco Santander properly notified to the market through the notice of inside information published on 27 August 2024 with registration number 2371 and the aforementioned notice of other relevant information published on 4 December 2024 with registration number 31651, respectively.

Banco Santander’s share capital has been reduced by EUR 170,890,625 through the cancellation of 341,781,250 own shares. Consequently, the resulting Bank’s share capital has been set at EUR 7,576,246,161, represented by 15,152,492,322 shares with a nominal value of EUR 0.50 each, all of them of the same class and series.

The public deed recording the corporate resolutions on the capital reduction and the consequent amendment of Article 5 of the Bank’s By-laws has been registered in the Commercial Registry of Santander, on 20 December 2024. Thereafter, the delisting of the 341,781,250 cancelled shares from the Spanish and foreign stock exchanges or stock markets on which the Bank’s shares are listed, and the cancellation of the book-entry records of the cancelled shares before the competent bodies will both be requested.