Company: BCDRF
Filing Date: 2025-10-31
Form Type: 424B5
Source: 0001193125-25-260533
Chunk: 278

Company: Banco Santander, S.A.
Filing Date: 2025-10-31
Form: 424B5
Chunk 278
---
 number of securities upon surrender of the definitive securities certificates together with the form of transfer endorsed on it, duly completed and executed at the
specified office of a paying agent. If only part of a securities certificate is transferred, a new securities certificate representing the balance not transferred will be issued to the transferor within three business days after the paying agent
receives the certificate. The new certificate representing the balance will be delivered to the transferor by uninsured post at the risk of the transferor, to the address of the transferor appearing in the records of the paying agent. The new
certificate representing the securities that were transferred will be sent to the transferee within three business days after the paying agent receives the certificate transferred, by uninsured post at the risk of the holder entitled to the
securities represented by the certificate, to the address specified in the form of transfer.

128

DESCRIPTION OF ORDINARY SHARES

Banco Santander refers to “Item 10. Additional Information—B. Memorandum and articles of association” in Banco
Santander’s Annual Report on Form 20-F for the year ended December 31, 2022 for a summary of the material terms of Banco Santander’s By-laws and
applicable Spanish corporate law in effect as of the date of this prospectus regarding Banco Santander’s ordinary shares and the holders thereof. Such summary describes Banco Santander’s By-laws
which were approved at the shareholders’ meeting held on June 21, 2008, filed with the office of the Commercial Registry of Santander on August 11, 2008 and became effective immediately thereafter. Subsequently, several articles have
been amended and sub-subsections 1 and 2 of Article 5 of Banco Santander’s Bylaws have been updated several times to show the current share capital and the number of shares outstanding. The most recent
of such amendments corresponds to the one required by the share capital reduction carried out on March 15, 2023 and filed with the office of the Mercantile Registry on March 20, 2023. This summary may not contain all of the information
that is important to prospective investors. To understand them fully, prospective investors should read Banco Santander’s By-laws, a copy of which has been included in Exhibit 1.1 of Banco
Santander’s Annual Report on Form 20-F for the year ended December 31, 2022.

As of
March 31, 2023, Banco Santander’s paid in