Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 1061

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 1061
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| (4) Distribution of ADSs pursuant to (i) stock dividends or other free stock distributions, or (ii) an exercise of rights to purchase additional ADSs.                                                                              |     | Up to USD 5.00 per 100 ADSs (or fraction thereof) held.                                                                |     | Person to whom the distribution is made.                                            |
| (5) Distribution of securities other than ADSs or rights to purchase additional ADSs (e.g., spin-off shares).                                                                                                                       |     | Up to USD 5.00 per 100 ADSs (or fraction thereof) held.                                                                |     | Person to whom the distribution is made.                                            |
| (6) ADS Services.                                                                                                                                                                                                                   |     | Up to USD 5.00 per 100 ADSs (or fraction thereof) held on the applicable record date(s) established by the Depositary. |     | Person holding ADSs on the applicable record date(s) established by the Depositary. |
| (7) Registration of ADS Transfers (e.g., upon a registration of the transfer of registered ownership of ADSs, upon a transfer of ADSs into DTC and vice versa, or for any other reason).                                            |     | Up to USD 5.00 per 100 ADSs (or fraction thereof) transferred.                                                         |     | Person for whom or to whom ADSs are transferred.                                    |
| (8) Conversion of ADSs of one series for ADSs of another series (e.g., upon conversion of Partial Entitlement ADSs for Full Entitlement ADSs, or upon conversion of Restricted ADSs into freely transferable ADSs, and vice versa). |     | Up to USD 5.00 per 100 ADSs (or fraction thereof) converted.                                                           |     | Person for whom ADSs are converted or to whom the converted ADSs are delivered.     |

In 2024, the Depositary made direct payments and reimbursements to us in the gross amount of USD 14,545,563 for expenses related to investor relations with no withholding for tax purposes in the US.

Trading by Santander’s subsidiaries in the shares

We and/or some of our subsidiaries, in accordance with market practice, as permitted under the relevant European regulations and according to our internal policy, have regularly purchased and sold our shares for our own account. We expect that we and/or our subsidiaries may continue to purchase and sell our shares from time to time.

Our trading activities in our shares are driven by orders