Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 248

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 248
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01%                            |
| 07/10/2024                                      |     | 1.02%                                    |     | 0.28%                         |     | 0.75%                            |
| 19/11/2024                                      |     | 1.04%                                    |     | 0.12%                         |     | 1.67%                            |
| 27/12/2024                                      |     | 0.81%                                    |     | 2.35%                         |     | 0.17%                            |

A. Percentages calculated with share capital at the date of disclosure.

B. It amends report dated 13 December 2024.

Transactions with financial instruments

The transactions with financial instruments with Banco Santander shares as the underlying asset carried out by Banco Santander of its own accord in 2024 for the purpose of discretionary treasury share management are as follows:

• In Q1'24, we reduced the investment position by a delta (i.e. net exposure to share price changes) equalling 860,000 shares. In

Q2'24, we increased the investment position by a delta equalling 1,450,000 shares.

• The final position at year end was a positive aggregated delta equalling 1,500,000 shares worth a total EUR 6,785,815.

• The instruments used were total return equity swaps and listed options, to be settled at maturity exclusively in cash.

Annual report 2024 245

| Contents |     | Business model and strategy |     | Sustainability statement |     | Corporate governance |     | Economic and financial review |     | Riskmanagement and compliance |

2.6 Stock market information Markets Banco Santander shares are listed on Spanish stock exchanges (Madrid, Barcelona, Bilbao and Valencia), the New York Stock Exchange as American Depositary Shares (ADS), the London Stock Exchange as Crest Depositary Interests (CDI), the Warsaw Stock Exchange and in the International Quotation System (SIC) of the Mexican Stock Exchange (BMV). Market capitalization and trading As at 31 December 2024, Banco Santander occupies the second position in the eurozone and in the thirty-second world by market value among financial institutions, with a market capitalization of EUR 67,648 million. 7,713 million Banco Santander shares traded in the year for an effective value of EUR 33,410 million and a liquidity ratio of 49%.

| The Banco Santander share