<SEC-DOCUMENT>0000950103-25-015596.txt : 20251202
<SEC-HEADER>0000950103-25-015596.hdr.sgml : 20251202
<ACCEPTANCE-DATETIME>20251201203502
ACCESSION NUMBER:		0000950103-25-015596
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20251202
FILED AS OF DATE:		20251202
DATE AS OF CHANGE:		20251201

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Banco Santander, S.A.
		CENTRAL INDEX KEY:			0000891478
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		ORGANIZATION NAME:           	02 Finance
		EIN:				132617929
		STATE OF INCORPORATION:			U3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12518
		FILM NUMBER:		251541337

	BUSINESS ADDRESS:	
		STREET 1:		CIUDAD GRUPO SANTANDER
		STREET 2:		BOADILLA DEL MONTE
		CITY:			MADRID
		STATE:			U3
		ZIP:			28660
		BUSINESS PHONE:		34 91 289 32 80

	MAIL ADDRESS:	
		STREET 1:		CIUDAD GRUPO SANTANDER
		STREET 2:		BOADILLA DEL MONTE
		CITY:			MADRID
		STATE:			U3
		ZIP:			28660

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANCO SANTANDER SA
		DATE OF NAME CHANGE:	20070925

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANCO SANTANDER CENTRAL HISPANO SA
		DATE OF NAME CHANGE:	19990512

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANCO SANTANDER S A
		DATE OF NAME CHANGE:	19931201
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>dp238200_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>



<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>



<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Report of Foreign Issuer</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Rule 13a-16 or 15d-16 of</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of December, 2025</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Commission File Number: 001-12518</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 22pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Banco Santander, S.A.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(Exact name of registrant as specified in its
charter)</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Ciudad Grupo Santander</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>28660 Boadilla del Monte (Madrid) Spain</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><I>(Address of principal
executive office)</I></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 12pt">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F:</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

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    <TD STYLE="width: 30%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 12pt">Form 20-F</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 15%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 12pt">&nbsp;X</FONT></TD>
    <TD STYLE="width: 10%"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 30%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 12pt">Form 40-F</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 15%">&nbsp;</TD>
    </TR>
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<P STYLE="margin: 0"></P>

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Banco Santander, S.A.</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">TABLE OF CONTENTS</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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    <TD STYLE="width: 8%"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Item</B></FONT></P>
    </TD>
    <TD STYLE="width: 92%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">1&#9;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Report of Other Relevant Information dated December 2, 2025 </FONT></TD></TR>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: right; margin-top: 0pt; margin-bottom: 0pt; margin-left: -0.125in; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>Item
1</B></FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 11pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><I></I></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: justify">Banco Santander, S.A. (&ldquo;<B>Banco
Santander</B>&rdquo; or the &ldquo;<B>Bank</B>&rdquo;), in compliance with the Securities Market legislation, hereby announces the following:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: center"><B>OTHER RELEVANT INFORMATION</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: justify">Banco Santander announces that it has
completed an accelerated placement (the &ldquo;<B>Placement</B>&rdquo;) of 3,576,626 ordinary shares of its subsidiary Santander Bank
Polska S.A. (&ldquo;<B>Santander Bank Polska</B>&rdquo;), representing c. 3.5% of Santander Bank Polska&rsquo;s existing share capital,
at a price of PLN 482.0 per ordinary share.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: justify">Following the Placement and subsequent
to the completion of the envisaged sale of approximately 49% of Santander Bank Polska to Erste Group Bank AG (&ldquo;<B>Erste</B>&rdquo;)
announced on 5 May 2025 by Banco Santander, Banco Santander will hold approximately 9.7% of shares in Santander Bank Polska.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: justify">Banco Santander will remain committed
to the Polish market through Santander Consumer and its planned strategic collaboration with Erste which aims to leverage each firm's
respective strengths and footprint in Corporate &amp; Investment Banking (CIB) while allowing Erste access to Santander&rsquo;s payments
platforms.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: justify">The Placement is aligned with Banco
Santander&rsquo;s strategic focus on proactive capital optimization to create shareholder value.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: justify">In relation to the Placement, the remaining
shares in Santander Bank Polska still held by Banco Santander will be subject to a 90-day post-closing lock-up period, subject to customary
exemptions. The lock-up also allows for the completion of the Erste transaction.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: justify">Settlement of the Placement is expected
to occur on a T+2 basis on 4 December 2025, on usual settlement terms.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: justify">Banco Santander, S.A. (in its capacity
as a manager and not as shareholder selling the shares), Santander Bank Polska S.A. &ndash; Santander Brokerage House (Santander Biuro
Maklerskie), Bank Handlowy w Warszawie S.A. &ndash; Brokerage Office of Bank Handlowy, Citigroup Global Markets Europe AG, BofA Securities
Europe SA and Goldman Sachs Bank Europe SE acted as Joint Global Coordinators and Joint Bookrunners for the Placement. Erste Group Bank
AG and Erste Securities Polska S.A. acted as the co-managers.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: right">Boadilla del Monte (Madrid), 2
 December 2025</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.4pt 0pt 0; text-align: right">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 9pt"><B>IMPORTANT INFORMATION</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 9pt"><B>Forward-looking
statements</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 9pt">Santander hereby
warns that this document contains &ldquo;forward-looking statements&rdquo; as per the meaning of the U.S. Private Securities Litigation
Reform Act of 1995. Such statements can be understood through words and expressions like &ldquo;expect&rdquo;, &ldquo;project&rdquo;,
&ldquo;anticipate&rdquo;, &ldquo;should&rdquo;, &ldquo;intend&rdquo;, &ldquo;probability&rdquo;, &ldquo;risk&rdquo;, &ldquo;VaR&rdquo;,
&ldquo;RoRAC&rdquo;, &ldquo;RoRWA&rdquo;, &ldquo;TNAV&rdquo;, &ldquo;target&rdquo;, &ldquo;goal&rdquo;, &ldquo;objective&rdquo;, &ldquo;estimate&rdquo;,
&ldquo;future&rdquo;, &ldquo;commitment&rdquo;, &ldquo;commit&rdquo;, &ldquo;focus&rdquo;, &ldquo;pledge&rdquo; and similar expressions.
They include (but are not limited to) statements on future business development, shareholder remuneration policy and non financial information.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 9pt">While these forward-looking
statements represent our judgement and future expectations concerning our business developments and results may differ materially from
those anticipated, expected, projected or assumed in forward-looking statements.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 9pt">In particular, forward
looking statements are based on current expectations and future estimates about Santander&rsquo;s and third-parties&rsquo; operations
and businesses and address matters that are uncertain to varying degrees and may change, including, but not limited to (a) expectations,
targets, objectives, strategies and goals relating to environmental, social, safety and governance performance, including expectations
regarding future execution of Santander&rsquo;s and third-parties&rsquo; (including governments and other public actors) energy and climate
strategies, and the underlying assumptions and estimated impacts on Santander&rsquo;s and third-parties&rsquo; businesses related thereto;
(b) Santander&rsquo;s and third-parties&rsquo; approach, plans and expectations in relation to carbon use and targeted reductions of
emissions, which may be affected by conflicting interests such as energy security; (c) changes in operations or investments under existing
or future environmental laws and regulations; (d) changes in rules and regulations, regulatory requirements and internal policies, including
those related to climate-related initiatives; (e) our own decisions and actions including those affecting or changing our practices,
operations, priorities, strategies, policies or procedures; (f) events that lead to damage to our reputation and brand; (g) exposure
to operational losses, including as a result of cyberattacks, data breaches or other security incidents; and (h) the uncertainty over
the scope of actions that may be required by us, governments and others to achieve goals relating to climate, environmental and social
matters, as well as the evolving nature of underlying science and industry and governmental standards and regulations.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 9pt">In addition, the
important factors described in this document and other risk factors, uncertainties or contingencies detailed in our most recent Form
20-F and subsequent 6-Ks filed with, or furnished to, the SEC, as well as other unknown or unpredictable factors, could affect our future
development and results and could lead to outcomes materially different from what our forward-looking statements anticipate, expect,
project or assume.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 9pt">Forward-looking statements
are therefore aspirational, should be regarded as indicative, preliminary and for illustrative purposes only, speak only as of the date
of this document, are informed by the knowledge, information and views available on such date and are subject to change without notice.
Santander is not required to update or revise any forward-looking statements, regardless of new information, future events or otherwise,
except as required by applicable law. Santander does not accept any liability in connection with forward-looking statements except where
such liability cannot be limited under overriding provisions of applicable law.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 9pt"><B>Not a securities
offer</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 9pt">This material (and
the information therein) does not contain or constitute or form part of any offer or invitation, or any solicitation or recommendation
of an offer, for securities, and under no circumstances shall it form the basis of a decision on whether or not to invest in the securities
of the Company. No action has been taken that would permit an offering of the securities or possession or distribution of this announcement
in any jurisdiction where action for that purpose is required. None of the Joint Bookrunners and co-managers or any of their or their
affiliates&rsquo; directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes
any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement
(or whether any information has been omitted from the announcement).</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 9pt"><B>Past performance
does not indicate future outcomes</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 9pt">Statements about
historical performance or growth rates must not be construed as suggesting that future performance, share price or results (including
earnings per share) will necessarily be the same or higher than in a previous period. Nothing in this document should be taken as a profit
and loss forecast.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>SIGNATURE</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt"><B>Banco Santander, S.A.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Date:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">December 2, 2025</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Pedro de Mingo Kaminouchi</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 45%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 40%"><FONT STYLE="font-size: 10pt">Pedro de Mingo Kaminouchi</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Head of Corporate Compliance</FONT></TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 5; Options: Last -->
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