Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 213

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 213
---
 - |     | -             |     | 53,131 |
|                                                                        |     | Senior executives |     | Other executives |     | Other employees |     |               |     |  Total |
| Management group                                                       |     |           524,748 |     |          129,847 |     |          36,834 |     | -             |     | 53,131 |
|                                                                        |     |               <30 |     |            30-50 |     |             >50 |     |               |     |  Total |
| Age bracket                                                            |     |            23,329 |     |           53,353 |     |          88,044 |     | -             |     | 53,131 |

A. It includes gross annual salary and comparable supplements, pension schemes and variable remuneration. 99% of Santander employees receive other salaries that supplement their salary.

B. The categories requested by CSRD, by gender and age groups have been used. Groups with less than 50 employees (others, not declared) are not included because they are not statistically relevant and to avoid statistically erroneous conclusions.

C. The average pay of our constant workforce (i.e. employees who were with us at 2023 year end and remained at 2024 year end) grew 11.4% in 2024 in constant euros (this does not include Argentina due to exchange rate distortions between the two periods). If we consider the current exchange rates (including Argentina) and the new hired employees, the average remuneration has had a net increase of 3.1% in comparison with the average for our workforce in 2023 (EUR 51,535).

| 14. Remuneration ratios    |     |       |
|                            |     |  2024 |
| Hourly GPG ratio (average) |     |   36% |
| GPG ratio (median)A        |     |   26% |
| EPG ratio                  |     |  c. 0 |
| Remuneration ratioB        |     | 367.1 |

A. GPG Ratio (median) includes annual base salary and variable remuneration paid in the year.

B. Ratio of the annual remuneration of the highest-paid individual for the performance of executive duties (salary, pension contributions, variable remuneration); divided over Median employee annual remunerations (excluding the highest-paid). This figure is impacted by our business