Company: BCDRF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003514
Chunk: 267

Company: Banco Santander, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 267
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 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 share capital was €8,226,997,506.00 represented by a single class of 16,453,995,012 ordinary shares having a par value of fifty euro cents (€0.50) each, represented by means of book entries.

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DESCRIPTION OF AMERICAN DEPOSITARY SHARES

American Depositary Shares

Citibank,
N.A., as depositary, will register and deliver American Depositary Shares, also referred to as ADSs. Each ADS will represent the right to receive one (1) fully paid ordinary share deposited with CACEIS Bank Spain, S.A.U., as custodian for the
depositary in the Kingdom of Spain. Each ADS will also represent any other securities, cash or other property which may be held by the depositary. The depositary’s office at which the ADSs will be administered is located at 388 Greenwich
Street, New York, New York 10013, U.S.A.

You may hold ADSs either (A) directly (i) by having an American Depositary Receipt, also
referred to as an ADR, which is a certificate evidencing a specific number of ADSs, registered in your name, or (ii) by having uncertificated ADSs registered in your name, or (B) indirectly by holding a security entitlement in ADSs through
your broker or other financial institution that is a direct or indirect participant in The Depository Trust Company, also called DTC. If you hold ADSs directly, you are a registered ADS holder, also referred to as an ADS holder. This description
assumes you are an ADS holder. If you hold the ADSs indirectly, you must rely on the procedures of