Company: BCDRF
Filing Date: 2025-07-01
Form Type: 6-K
Source: 0000950103-25-008222
Chunk: 1

Company: Banco Santander, S.A.
Filing Date: 2025-07-01
Form: 6-K
Chunk 1
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 Preferred Securities                                                                                    | ISIN         | Outstanding Nominal Amount | First Optional Redemption Date | Purchase Price | Acceptance Amount | Pro-ration factor |
| €1,500,000,000 4.375 per cent. Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities | XS2102912966 | €1,500,000,000             | 14 January 2026                | 100 per cent.  | €466,600,000      | Not Applicable    |

Preferred Securities purchased by the Offeror pursuant
to the Offer will be cancelled by the Offeror and will not be re-issued or re-sold. Preferred Securities which have not been validly submitted
or validly submitted but not accepted for purchase pursuant to the Offer will remain outstanding. Following the Settlement Date, there
will be an outstanding nominal amount of Preferred Securities of €1,033,400,000.

Payment of the Tender Consideration in respect
of the Preferred Securities accepted for purchase by the Offeror will occur on the Settlement Date for the Offer which is expected to
be 2 July 2025.

Any requests for information in relation to the
Offers should be directed to the Dealer Managers or the Tender Agent whose contact details are listed below.

| DEALER MANAGERS                               |                                         |
| Banco Santander, S.A.                         
 Ciudad Grupo Santander                        
 Avenida de Cantabria s/n                      
 28660                                         
 Madrid, Spain                                 
 Attn: Liability Management                    
 Email: liabilitymanagement@gruposantander.com | Santander US Capital Markets LLC        
 437 Madison Avenue, 8th Floor           
 New York, New York 10022                
 United States                           
 Tel (U.S. Toll Free): +1 (855) 404-3636 
 Tel (collect): +1 (212)  350-0660       
 Attn: Liability Management Team         
 Email: AmericasLM@santander.us          |
| THE TENDER AGENT                              
 Kroll Issuer Services Limited                 
 The News Building                             
 3 London Bridge Street                        
 London SE1 9SG                                
 United Kingdom                                
 Tel: +44 20 7704 0880                         
 Attn: Scott Boswell                           
 Email: santander@is.kroll.com                 
 Website: https://deals.is.kroll.com/santander |                                         |

Boadilla del Monte (Madrid), 1 July 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUT