Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000136
Chunk: 8

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 8
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 OF 2025 FUNDING PLAN Banco Santander, S.A.’s 2025 funding plan contemplates the following: 4 Note: Issuance plan subject to, amongst other considerations, market conditions and regulatory requirements. Other secured issuances (for example ABS, RMBS, etc.) are not considered in the table above. (1) Adjusted funding plan. For more information, see slide 12 ”Update of the 2025 issuances funding plan - Banco Santander, S.A.”. (2) Includes €1.033bn AT1 (net between €1.500bn issuance, ISIN XS3100756637, and €0.467bn repurchased following the tender offer exercise on ISIN XS2102912966, both executed in Jul-25). (3) Includes €5.3bn Senior Non-Preferred and €2.5bn Senior Preferred issued in 2024, as pre-funding for the 2025 funding plan. (4) Includes €1bn Covered Bond issued in 2024, as pre-funding for the 2025 funding plan. 21

12 Update of the 2025 issuances funding plan - Banco Santander, S.A. Original Funding Plan Adjusted Funding Plan 2025 2025 AT1 + Tier 2 0 - 0.5 0 - 0.5 0.0 1.4 1.4 SNP + SP 20 - 21 13 - 14 7.8 5.8 13.6 Covered Bonds 0.5 - 2 3 - 5 0.0 2.7 2.7 TOTAL 20.5 - 23.5 16 - 19.5 7.8 9.9 17.7 MREL/TLAC 20 - 21.5 13 - 14.5 7.8 7.2 15.0 Executed in 2025 Total executed Pre-funding in 2024 1 2025 FUNDING PLAN - BANCO SANTANDER, S.A. (1) MREL/TLAC needs reduced by c.€7bn in 2025 due to, amongst others: regulatory improvements (CRR3 lower impacts and FRTB delay); risk transfer; CACEIS sale; extra dividends from subsidiaries. (2) Reduction in MREL/TLAC needs leads to an increase in