Share capital distribution

As communicated by “other relevant information” registered with the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores) on 23 December 2025 with registration number 38297, the board executive committee, in accordance with the delegations granted by the ordinary general shareholders’ meeting and the board of directors, 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 30 July 2025 with registration number 2844 and the aforementioned notice of other relevant information published on 23 December 2025 with registration number 38297, respectively.

Banco Santander’s share capital has been reduced by EUR 98,002,935 through the cancellation of 196,005,870 own shares. Consequently, the resulting Bank’s share capital has been set at EUR 7,344,659,751, represented by 14,689,319,502 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 will be registered with registration with the Commercial Registry of Santander which is expected to take place in the coming days. Thereafter, the delisting of the 196,005,870 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.