Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 297

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 297
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           |     | 29/10/2019  |     |              |
| Secretary          |     | Jaime Pérez Renovales |     |             |     |              |

A. Committee Chair since 23 March 2024. The board of directors appointed the committee's members based on their expertise, skills and experience in the matters within the committee's scope. For more details, see section 4.1 'Our directors' and 'Board skills and diversity matrix' in section 4.2. According to SEC Regulation S-K, committee Chair Germán de la Fuente is considered a financial expert based on his credentials, extensive experience in accounts auditing and strong expertise in accounting and internal and risk control, as well as in the banking industry.

| TIME ALLOCATION |

In 2024, the committee held 15 meetings, including four joint sessions with the risk supervision, regulation and compliance committee. See 'Board and committee preparation and attendance' in section 4.3 for members' attendance and the estimated average time each one spent on meeting preparation and attendance. The chart below shows the committee's approximate time allocation in 2024:

Annual report 2024 279

| Contents |     | Business model and strategy |     | Sustainability statement |     | Corporate governance |     | Economic and financial review |     | Riskmanagement and compliance |

Duties and activities in 2024

This section summarizes the audit committee's activities in 2024.

| Duties                                                          |     | Actions taken                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Financial and non-financial information                         |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Review the financial statements and other financial information |     | •Reviewed the individual and consolidated annual financial statements and directors' report for 2024, as well as consolidated half-yearly financial report, and submitted them to the board for approval. Monitored compliance with legal requirements and accounting principles, and ensured that the external auditor issued a report on the effectiveness of the Group’s system of internal control over financial reporting (ICFR).                                                                                                                                                                            
 •Reviewed quarterly financial information (dated 31 December 2023, 31 March, 30 June and 30 September 2024, respectively), inclusive of reporting five global businesses as primary segments, prior to board approval and subsequent release to the market and supervisory bodies.                                                                                                                                                                                                                                                                                                                                 
 •Reviewed supplementary financial information to the annual report: the Universal Registration Document filed with the CNMV; Form 20-F and Form 6-K filed with the SEC.