Company: BCDRF
Filing Date: 2025-01-16
Form Type: 6-K
Source: 0000950103-25-000553
Chunk: 8

Company: Banco Santander, S.A.
Filing Date: 2025-01-16
Form: 6-K
Chunk 8
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 carried
out in the Republic of Italy ("Italy") as an exempted offer pursuant to article 101-bis, paragraph 3-bis of the Legislative
Decree No. 58 of 24 February 1998, as amended (the "Financial Services Act") and article 35-bis, paragraph 4 of CONSOB
Regulation No. 11971 of 14 May 1999, as amended. Holders or beneficial owners of the Notes that are located in Italy may tender their
Notes in the Offer through authorised persons (such as investment firms, banks or financial intermediaries permitted to conduct such activities
in Italy in accordance with the Financial Services Act, CONSOB Regulation No. 20307 of 15 February 2018, as amended from time to time,
and Legislative Decree No. 385 of 1 September 1993, as amended) and in compliance with applicable laws and regulations or with requirements
imposed by CONSOB or any other Italian authority.

Each intermediary must comply with the applicable
laws and regulations concerning information duties vis-à-vis its clients in connection with the Notes and/or the Offer.

Spain

Neither the Offer nor the Tender Offer
Memorandum constitute an offer of securities or the solicitation of an offer of securities in Spain which require the approval and
the publication of a prospectus under Regulation (EU) 2017/1129 and Spanish Law 6/2023, of 17 March, on the Securities Markets and
the Investment Services (Ley 6/2023, de 17 de marzo, de los Mercados de Valores y de los Servicios de Inversión), as
amended from time to time, and its ancillary and related regulations. Accordingly, the Tender Offer Memorandum has not been and will
not be submitted for approval nor approved by the Spanish Securities Market Regulator (Comisión Nacional del Mercado de
Valores, the “CNMV”).

General

The Tender Offer Memorandum does not constitute
an offer to buy or the solicitation of an offer to sell the New Notes, and tenders of Notes for purchase pursuant to the Offer will not
be accepted from Holders, in any circumstances in which such offer or solicitation is unlawful.

In addition to the representations referred to
above, each holder of Notes participating in the Offer will also be deemed to give certain representations and warranties in respect of
the jurisdictions referred to above and generally as set out in "Pro