BANCO SANTANDER, S.A. ANNOUNCES RESULTS OF TENDER OFFER FOR ONE SERIES OF ITS U.S. DOLLAR-DENOMINATED ADDITIONAL TIER 1 SECURITIES

About this update from Banco Santander, S.a.

SANTANDER, Spain, June 10, 2026 /PRNewswire/ -- Banco Santander, S.A. (the "Offeror" or "Banco Santander") is today announcing the results of its tender offer (the "Offer") to purchase for cash up to $850,000,000 (the "Maximum Offer Amount") of its outstanding 4.750% Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities of Banco Santander (the "Securities"). The Offer was made on the terms and subject to the conditions set out in the Offer to Purchase dated May 27, 2026 (the "Offer to Purchase"). Capitalized terms not otherwise defined in this announcement have the same meaning as in the Offer to Purchase. Based on information provided by the Tender Agent, $701,600,000 aggregate principal amount of the Securities listed in the table below were validly tendered and not validly withdrawn by 5:00 p.m., New York City time, on June 9, 2026 (the "Expiration Deadline"), as more fully set forth below. Banco Santander has accepted all Securities that were validly tendered and not validly withdrawn prior to the Expiration Deadline, without proration. The Settlement Date is expected to be June 11, 2026. Securities purchased by Banco Santander pursuant to the Offer will be cancelled and will not be re-issued or re-sold. Securities which have not been validly submitted and accepted for purchase pursuant to the Offer will remain outstanding. The aggregate principal amount of Securities outstanding after the Offer is $298,400,000. The table below sets forth, among other things, the principal amount of the Securities validly tendered and accepted pursuant to the Offer: D.F. King & Co., Inc. acted as tender agent for the Offer. Santander US Capital Markets LLC acted as Dealer Manager for the Offer. Questions regarding the Offer should be directed to: Disclaimer This announcement and the Offer to Purchase (including the documents incorporated by reference therein) contain important information which should be read carefully. If you are in any doubt as to the contents of this announcement or the Offer to Purchase or the action you should take, you are recommended to seek your own financial, legal, regulatory and tax advice, including as to any tax consequences, immediately from your stockbroker, bank manager, attorney, accountant or other independent financial, tax or...

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