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

Company: Banco Santander, S.A.
Filing Date: 2025-01-16
Form: 6-K
Chunk 6
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 of this announcement,
the Tender Offer Memorandum or the action it should take, it is recommended to seek its own financial, legal, regulatory and tax advice,
including in respect of any tax consequences, immediately from its broker, bank manager, solicitor, accountant or other independent financial,
tax or legal adviser. No offer or invitation to acquire any securities is being made pursuant to this announcement.

None of the Offeror, the Sole Dealer Manager or
the Tender Agent or any of their respective directors, employees, officers, agents or affiliates expresses any opinion about the merits
of the Offer or makes any recommendation as to whether or not any Qualifying Holder should Offer to Sell its Notes and no one has been
authorised by the Offeror, the Sole Dealer Manager or the Tender Agent to make any such recommendation.

OFFER RESTRICTIONS

United States

The Offer is not being made, and will not be made,
directly or indirectly in or into, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of,
or of any facilities of a national securities exchange of, the United States. This includes, but is not limited to, facsimile transmission,
electronic mail, telex, telephone, the internet and other forms of electronic communication. The Notes may not be tendered in the Offer
by any such use, means, instrumentality or facility from or within the United States or by persons located or resident in the United States
as defined in Regulation S of the U.S. Securities Act of 1933, as amended (the “Securities Act”).

Accordingly, copies of the Tender Offer Memorandum
and any other documents or materials relating to the Offer are not being, and must not be, directly or indirectly, mailed or otherwise
transmitted, distributed or forwarded (including, without limitation, by custodians, nominees or trustees) in or into the United States.
Any purported tender of Notes in the Offer resulting directly or indirectly from a violation of these restrictions will be invalid, and
any purported tender of Notes made by a person located in the United States or any agent, fiduciary or other intermediary acting on a
non-discretionary basis for a principal giving instructions from within the United States will be invalid and will not be accepted.

The Tender Offer Memorandum is not an offer to
buy or sell, or a solicitation of an offer to buy or sell, any Notes or other securities in the United States. Securities may not be offered