Company: BCDRF
Filing Date: 2025-04-04
Form Type: 6-K
Source: 0000950103-25-004384
Chunk: 12

Company: Banco Santander, S.A.
Filing Date: 2025-04-04
Form: 6-K
Chunk 12
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 amount of the fixed and variable components of the total remuneration of said persons.                                                    |

| (b) | To approve the basic content of the agreements and of such supplementary documentation as may be necessary 
 or appropriate.                                                                                            |

| (c) | To approve such notices and supplementary documentation as may be necessary or appropriate to file with 
 the European Central Bank, Banco de España or any other public or private entity.                       |

| (d) | To take any action, carry out any procedure or make any statement before any public or private entity 
 or agency to secure any required authorisation or verification.                                       |

| (e) | To interpret the foregoing resolutions, with powers to adapt them without affecting their basic content                                  
 to the circumstances that may arise at any time, including any regulations or provisions or recommendations from supervisory bodies that 
 may prevent their implementation upon the terms approved or that may require the adjustment thereof.                                     |

| (f) | In general, to take any actions and execute such documents as may be necessary or appropriate. |

Pursuant to the provisions of Section
249bis.(l) of the Spanish Capital Corporations Law, the board of directors is expressly authorised to delegate in turn (with the
power of substitution when appropriate) to the executive committee and/or to any director with delegated powers, all delegable powers
referred to in this resolution, all without prejudice to the representative powers that currently exist or may be granted in relation
to this resolution.

The Company shall communicate the approval of this
resolution to all Group companies engaging executives or employees belonging to the Corporate Identified Staff and who are beneficiaries
of this resolution, without prejudice to the exercise by such of the Bank’s subsidiaries as may be appropriate in each case of the
powers they hold to implement the remuneration policy with respect to those executives and employees and, if applicable, to adjust such
policy to regulations or to the requirements of competent authorities in the respective jurisdiction, or to compliance with the obligations
that bind them for such purpose.

7º D To approve, as regards the inclusion
of the executive directors among the beneficiaries thereof, the implementation of the tenth cycle of the Deferred Multiyear Objectives
Variable Remuneration Plan, which has been approved by the board of directors in relation to the executive directors, inasmuch as it is
a remuneration system that includes the delivery to them of shares of the Bank or that is linked to the value of the shares:

| · | Object and beneficiaries |

The tenth cycle