Share capital distribution

As communicated by “other relevant information” registered with the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores) on 16 March 2023, the board of directors, in accordance with the delegation granted by the ordinary general shareholders’ meeting, has resolved on 1 February 2023 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 21 November 2022 with registration number 1669 and the notice of other relevant information published on 1 February 2023 with registration number 20244, respectively.

Banco Santander’s share capital has been reduced by EUR 170,203,286 through the cancellation of 340,406,572 own shares. Consequently, the resulting Bank’s share capital has been set at EUR 8,226,997,506, represented by 16,453,995,012 shares with a nominal value of EUR 0.50 each, all of them of the same class and series.

The public deed regarding the corporate resolutions on the capital reduction and the consequent amendment of Article 5 of the Bank’s By-laws has been registered with the Commercial Registry of Santander on 20 March 2023. On 23 March, took place the delisting of the 340,406,572 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.