Company: BCDRF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003514
Chunk: 275

Company: Banco Santander, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 275
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 any stock transfer or                                                                                         
 registration fee with respect thereto (including any such tax or charge and fee with respect to shares being deposited or withdrawn) and payment of any applicable fees and charges of the depositary; |

| • |     | satisfactory proof of the identity and genuineness of any signature or other information it deems necessary; and |

| • |     | compliance applicable laws or governmental regulations as well as with regulations it may establish, from time to 
 time, consistent with the deposit agreement, including presentation of transfer documents.                        |

The depositary may refuse to deliver ADSs or register transfers of ADSs when the transfer books of the depositary or our transfer books are closed or at any time if the depositary or we deemed it in good faith as necessary or advisable under the deposit agreement. 134

Your Right to Receive the Ordinary shares Underlying your ADSs ADS holders have the right to cancel their ADSs and withdraw the underlying ordinary shares at any time except:

| • |     | when temporary delays arise because: (i) the depositary has closed its transfer books or we have closed our                                                            
 transfer books; (ii) the transfer of ordinary shares is blocked to permit voting at a shareholders’ meeting; or (iii) we are paying a dividend on our ordinary shares; |

| • |     | when you owe money to pay fees, taxes and similar charges; |

| • |     | when it is necessary to prohibit withdrawals in order to comply with any laws or governmental regulations that 
 apply to ADSs or to the withdrawal of ordinary shares or other deposited securities; or                        |

| • |     | when other circumstances specifically contemplated by Instruction I.A.(l) of the General Instructions to Form F-6 arise (as such General Instructions may be amended from time to time). |

This right of withdrawal may not be limited by any other provision of the deposit agreement. Shareholder Communications; Inspection of Register of Holders of ADSs The depositary shall make available for inspection by holders at its principal office any reports and communications, including any proxy soliciting materials, received from us which are both (a) received by the depositary, the custodian, or the nominee of either of them as the holder of the deposited property and (b) made generally available to the holders of such deposited property by us. The depositary shall also provide or make available to holders copies of such reports when furnished by us pursuant to the deposit agreement. The depositary shall keep books for the registration of ADSs