Company: BCDRF
Filing Date: 2025-01-16
Form Type: 6-K
Source: 0000950103-25-000553
Chunk: 9

Company: Banco Santander, S.A.
Filing Date: 2025-01-16
Form: 6-K
Chunk 9
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cedures for submitting Offers to Sell - Representations, warranties and undertakings by the Holders and Direct Participants" of the Tender Offer Memorandum. Any Offer to Sell Notes pursuant to
the Offer from a Holder or its Direct Participant that is unable to make these representations and warranties will not be accepted. Each
of the Offeror, the Sole Dealer Manager and the Tender Agent reserves the right, in its absolute discretion, to investigate, in relation
to any Offer to Sell Notes, whether any such representation and warranty given by a Holder is correct and, if such investigation is undertaken
and as a result the Offeror, the Sole Dealer Manager or the Tender Agent determines (for any reason) that such representation and warranty
is not correct, such Offer to Sell shall not be accepted.

NEW NOTES

Any investment decision to purchase any New Notes
should be made solely on the basis of the information contained in (i) the base prospectus approved by the Central Bank of Ireland on
13 March 2024 in connection with the programme for the issuance of debt instruments of the Offeror, as supplemented by the supplements
thereto dated 9 August 2024 and 15 October 2024 (together, the “Base Prospectus”) and (ii) each of the final terms
in respect of the New Notes (when available). The Base Prospectus is available on the website of the Offeror and on the website of Euronext
Dublin (https://live.euronext.com/).

The offering of the New Notes may be restricted
by law in certain jurisdictions and therefore persons into whose possession this announcement comes should inform themselves about and
observe any such restrictions. Any failure to comply with these restrictions could result in a violation of the laws of any such jurisdiction.

MiFID II product governance / Professional investors and ECPs only target market– Solely for the purposes of each manufacturer’s product approval process, the
target market assessment in respect of the New Notes has led to the conclusion that: (i) the target market for the New Notes is eligible
counterparties and professional clients only, each as defined in Directive 2014/65/EU, as amended (“MiFID II”); and (ii) all
channels for distribution of the New Notes to eligible counterparties and professional clients are appropriate. Any person subsequently
offering, selling or recommending the New Notes (a “distributor”) should take into consideration the manufacturers’
target market assessment; however, a distributor subject to