Share capital distribution

The board executive committee, in accordance with the delegations granted by the ordinary general shareholders’ meeting and the board of directors, resolved on 1 September 2026 to reduce the Bank’s share capital  through a cancellation of own shares acquired under the share buy-back programme the beginning and termination of which Banco Santander properly disclosed to the market through the notice of inside information filed with the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores) on 4 February 2026 with registration number 3077 and the notice of other relevant information published on 21 August 2026 with registration number 42494, respectively.

Banco Santander’s share capital has been reduced by EUR 231,341,569.50 through the cancellation of 462,683,139 own shares. Consequently, the Bank’s share capital has been set at EUR 7,278,241,400.50, represented by 14,556,482,801 shares with a nominal value of EUR 0.50 each, all of them of the same class and series.

The public deed formalising 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 9 September 2026. Thereafter, the delisting of the 462,683,139 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 authorities will both be requested.