Company: BCDRF
Filing Date: 2025-07-01
Form Type: 6-K
Source: 0000950103-25-008246
Chunk: 7

Company: Banco Santander, S.A.
Filing Date: 2025-07-01
Form: 6-K
Chunk 7
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 its own core systems ▪ The integration team will be led by Pedro Castro, Juan Olaizola and Mike Regnier who together have deep expertise in banking integrations, technology migrations and the TSB operations

13 A bolt - on consistent with our capital hierarchy with RoIC above 20% CET1 path 2024 TSB financial metrics 2 2025 S t anda l one Target 2025 P r o f orma CET1 Share buyback post Poland 1 Poland dis posa l 2025 Proforma post Poland 13% + c . 1 0 0 bp s - 50bps 1 3 .5 % 13% CET1 impact 5 . 0 % Leverage ratio R W A s £11.25 bn TSB acquisition - c.50bps Note: SBB = Share buyback (1) See note 3 on slide 16. (2) CET1 impact calculated using TNAV as Q1’25 therefore not including TNAV variation until the deal is completed. (3) Reported TSB banking group plc KPI s as of 2024. 15 . 4 % C E T 1

14 Shareholder remuneration targets re - affirmed 1 (1) See notes 2 and 3 on slide 16 x Reiterate at least €10bn in share buybacks for 2025 and 2026 earnings x We have already committed to accelerate the €10bn using 50% of the proceeds of Poland disposal to early 2026 x Still potential to exceed SBB commitment through higher organic capital generation in FY 2026

15 In summary, the acquisition of TSB is another example of the strong execution of our strategy ▪ Significantly improves our franchise in one of our core markets ▪ EPS accretive and RoIC well above additional share buybacks. ▪ Disciplined utilisation of the excess capital generated through the sale of Poland, while retaining flexibility for further distributions or growth Complementary to strategic aims Highly attractive financial impact In line with capital hierarchy 1 2 3

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