Company: BCDRF
Filing Date: 2025-06-24
Form Type: 6-K
Source: 0000950103-25-007750
Chunk: 9

Company: Banco Santander, S.A.
Filing Date: 2025-06-24
Form: 6-K
Chunk 9
---
 or distribution
of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes
are required to inform themselves about and to observe any such restrictions.

Singapore Securities and Futures Act Product Classification
– In connection with Section 309B of the Securities and Futures Act 2001 of Singapore (the "SFA") and the Securities
and Futures (Capital Markets Products) Regulations 2018 of Singapore (the "CMP Regulations 2018"), Santander has determined,
and hereby notifies all relevant persons (as defined in Section 309A(1) of the SFA), that the New Preferred Securities are ‘prescribed
capital markets products’ (as defined in the CMP Regulations 2018) and Excluded Investment Products (as defined in the MAS Notice
SFA 04-N12: Notice on the Sale of Investment Products and the MAS Notice FAA-N16: Notice on Recommendations on Investment Products)

A COPY OF THE PRELIMINARY OFFERING CIRCULAR AND
FINAL OFFERING CIRCULAR MAY BE OBTAINED BY ELIGIBLE INVESTORS FROM YOUR SALES REPRESENTATIVE.

The Managers are acting exclusively for the issuer
of the New Preferred Securities and for no-one else in connection with the book-build and allocation process for the issuance of the New
Preferred Securities. The Managers will not regard any other person (whether or not a recipient of this communication) as a client in
relation to the New Preferred Securities and will not be responsible to anyone other than the issuer for providing the protections afforded
to clients of the Managers, nor for providing services and/or advice in connection with the offering of the New Preferred Securities.
Please contact your sales representative if you have any further questions. Information on the Managers fee (as the case may be) in connection
with the New Preferred Securities is available from your usual sales representative upon request.

Notice to U.S. Investors

The proposed transaction relates to
the securities of Banco Santander, S.A., a company incorporated in Spain. Information distributed in connection with the proposed transaction
is subject to Spanish disclosure requirements that are different from those of the United States.

It may be difficult for you to enforce
your rights and any claim you may have arising under the U.S. federal securities laws in respect of the proposed transaction, since the
company is located in Spain and some or all of its officers and directors are residents of Spain. You may not be able to sue the company
or its officers or directors in a Spanish court for violations of