Company: BCDRF
Filing Date: 2025-06-24
Form Type: 6-K
Source: 0000950103-25-007723
Chunk: 5

Company: Banco Santander, S.A.
Filing Date: 2025-06-24
Form: 6-K
Chunk 5
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 Securities that will remain outstanding after the 
 Settlement Date.                                                                                                                        | 1 July 2025                     |
| New Preferred Securities Settlement Date                                                                                                
 Issue of New Preferred Securities and settlement of such new issue                                                                      
 (subject to the satisfaction of certain conditions precedent set out in the subscription agreement to be entered into by the Offeror    
 and the relevant managers in respect of the New Preferred Securities).                                                                  | Expected to be 2 July 2025      |
| Settlement Date                                                                                                                         
 Subject to satisfaction or waiver of the New Financing Condition on                                                                     
 or prior to such date, settlement of the Offer.                                                                                         
 Payment of Tender Consideration in respect of Preferred Securities                                                                      
 accepted for purchase.                                                                                                                  | Expected to be 2 July 2025      |

This is an indicative timetable and is subject to the right of the Offeror to extend, re-open, amend and/or terminate the Offer (subject to applicable law and as provided in the Tender Offer Memorandum).

Announcements and notices to be given to Qualifying Holders in connection with the Offer will be made (i) by way of communication tothe Spanish Securities Market Commission (Comisión Nacional del Mercado de Valores) (the "CNMV") and (ii) by the delivery of notices to the Clearing Systems for communication to Direct Participants. Announcements may also be made by issue of a press release to one or more Notifying News Service(s). Announcements and notices will also be disseminated to U.S. holders in English. Copies of all such announcements, press releases and notices can also be obtained upon request from the Tender Agent.

Significant delays may be experienced where notices are delivered through the Clearing Systems and Qualifying Holders are urged to contact the Tender Agent for the relevant announcements during the Offer Period.

Qualifying Holders are advised to check with any Intermediary through which they hold their Preferred Securities as to the deadlines by which such Intermediary would require receipt of instructions from Qualifying Holders to participate in, or to withdraw their instructions to participate in, the Offer in accordance with the terms and conditions of the Offer as described in the Tender Offer Memorandum in order to meet the relevant deadlines (which will be earlier than the deadlines set out above) and the corresponding deadlines set by the Clearing Systems.

Banco Santander, S.A and Santander US Capital Markets LLC are acting as Dealer Managers for the Offer and Kroll Issuer Services Limited is acting as Tender Agent. For detailed terms of the Offer please refer to the Tender Offer