Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

THIS NOTIFICATION RELATES TO MR. DIRK LUDWIG MARZLUF

2

Reason for the notification

a)

Position/status

GROUP Senior Executive Vice-President

b)

Initial notification /Amendment

INITIAL NOTIFICATION

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BANCO SANTANDER, S.A.

b)

LEI

5493006QMFDDMYWIAM13

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

TRANSACTION CARRIED OUT IN FINANCIAL INSTRUMENT LINKED TO ORDINARY SHARES OF 0.50 EURO NOMINAL VALUE

(ISIN: ES0113900J37)

b)

Nature of the transaction

THE TRANSACTION REPORTED CORRESPONDS TO THE EXERCISE OF AMERICAN CALL OPTIONS, GRANTED FREE OF CHARGE UNDER REMUNERATION PLANS, OVER A TOTAL OF 332,384 SANTANDER SHARES, WITH CASH SETTLEMENT.

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2025-02-26

f)

Place of the transaction

XOFF

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

TRANSACTION CARRIED OUT IN FINANCIAL INSTRUMENT LINKED TO ORDINARY SHARES OF 0.50 EURO NOMINAL VALUE

(ISIN: ES0113900J37)

b)

Nature of the transaction

SALE OF AMERICAN CALL OPTIONS, GRANTED FREE OF CHARGE UNDER REMUNERATION PLANS, OVER A TOTAL OF 406,533 SANTANDER SHARES

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2025-02-26

f)

Place of the transaction

XOFF