Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

THIS NOTIFICATION RELATES TO MR. JOSE CARLOS FERNÁNDEZ GONZÁLEZ.

2

Reason for the notification

a)

Position/status

DIRECTOR OF THE ISSUER.

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

ORDINARY SHARES OF 0.50 EURO NOMINAL VALUE (ISIN: ES0113900037)

b)

Nature of the transaction

A)

TRANSFER OF 6,150,093 SHARES OF MR. JOSE CARLOS FERNÁNDEZ GONZÁLEZ TO GRUPO FAR LUCA, S.A. DE CV (COMPANY 100% CONTROLLED BY MR. JOSE CARLOS FERNÁNDEZ GONZÁLEZ).

ACQUISITION OF 6,150,093 SHARES BY GRUPO FAR LUCA, S.A. DE CV (COMPANY 100% CONTROLLED BY MR. JOSE CARLOS FERNÁNDEZ GONZÁLEZ) AS A RESULT OF A TRANSFER OF SHARES OF MR. JOSE CARLOS FERNÁNDEZ GONZÁLEZ.

B)

DEEMING OF MINORS SUBJECT TO LEGAL CUSTODY TO BE OF LEGAL AGE.

THE TRANSFER OF SHARES TAKES PLACE AS A RESULT OF THE TERMINATION OF LEGAL CUSTODY OF MS LUCREACIA FERNÁNDEZ ARAMBURUZABALA (PERSON CLOSELY ASSOCIATED WITH MR JOSE CARLOS FERNÁNDEZ GONZÁLEZ, DIRECTOR OF THE ISSUER).

c)

Price(s) and volume(s)

A)

B)

d)

Aggregated information

- Aggregated volume

- Price

ORDINARY SHARES OF 0.50 EURO NOMINAL VALUE (ISIN: ES0113900037):

A)

B)

e)

Date of the transaction

A) 2019-09-18

B) 2019-03-16

f)

Place of the transaction

OUT OF MARKET