Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 380

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 380
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MV requires any issuer opting for a free format to provide certain information in a format it dictates so that it can be aggregated for statistical purposes. This information is included (i) for corporate governance matters, under section 9.2 'Statistical information on corporate governance required by the CNMV' , which also covers the section 'Degree of compliance with corporate governance recommendations', and (ii) for remuneration matters, under section 9.5 'Statistical information on remuneration required by the CNMV' .

Some shareholders or other stakeholders may be used to the formats of the corporate governance and directors' remuneration

reports set the by the CNMV. Therefore, each section under this format in sections 9.1 'Reconciliation with the CNMV’s corporate governance report model' and 9.4 'Reconciliation to the CNMV’s remuneration report model' include a cross reference indicating where this information may be found in the 2024 annual corporate governance report (drafted in a free format) and elsewhere in this annual report.

We have normally completed the 'comply or explain' section for all recommendations in the Spanish Corporate Governance Code to clearly show the ones we complied with, and explain the ones we partially complied or failed to comply with. In section 9.3 'References on compliance with recommendations of Spanish Corporate Governance Code' , we have included a chart with cross-references showing where information supporting each response can be found in this corporate governance chapter and elsewhere in this annual report.

9.1 Reconciliation with the CNMV’s corporate governance report model

| Section in the CNMV model |     | Included instatistical report |     | Comments                                                                                                                                             |
| A. OWNERSHIP STRUCTURE    |     |                               |     |                                                                                                                                                      |
| A.1                       |     | Yes                           |     | See sections2.1 'Share capital',3.2 'Shareholder rights'and9.2 'Statistical information on corporate governance required by the CNMV'.               |
| A.2                       |     | Yes                           |     | See section2.3 'Significant shareholders'and9.2 'Statistical information on corporate governance required by the CNMV'.                              |
| A.3                       |     | Yes                           |     | See'Tenure and equity ownership'in section 4.2 and section9.2 'Statistical information on corporate governance required by the CNMV'.                |
| A.4                       |     | No                            |