Company: BCDRF
Filing Date: 2025-01-16
Form Type: 6-K
Source: 0000950103-25-000553
Chunk: 4

Company: Banco Santander, S.A.
Filing Date: 2025-01-16
Form: 6-K
Chunk 4
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 Instructions. Qualifying Holders should note that Tender Instructions must be submitted in         
 accordance with the deadlines of the Clearing Systems, which will be before the Expiration Time.                                             | 5.00 p.m. (CET) on 22 January 2025                                          |
| Pricing Time                                                                                                                                 
 Determination of the Benchmark Security Rate,                                                                                                
 the Purchase Yield and the Purchase Price.                                                                                                   | At or around 1 p.m. (CET) on 23 January 2025                                |
| Announcement of the Results of the Offer                                                                                                     
 Announcement of (i) whether the                                                                                                              
 Offeror will accept any Notes pursuant to the Offer and, if so accepted, (ii) for any Notes accepted for purchase, the pricing details,      
 being, as applicable, the Benchmark Security Rate, the Purchase Yield and the Purchase Price, and (iii) confirmation of the Settlement       
 Date, the final aggregate principal amount of the Notes tendered pursuant to the Offer and the nominal amount of Notes that will remain      
 outstanding after the Settlement Date.                                                                                                       | As soon as reasonably practicable after the Pricing Time on 23 January 2025 |
| Settlement Date                                                                                                                              
 Issue and settlement of the New Notes (subject                                                                                               
 to the satisfaction of certain conditions precedent set out in the subscription agreement to be entered into by the Offeror and the relevant 
 managers in respect of the New Notes). Payment of Tender Consideration in respect of Notes accepted for purchase.                            | Expected to be 27 January 2025                                              |

This is an indicative timetable and is subject to the right of the Offeror to extend, re-open, amend and/or terminate the Offer (subject to applicable law and as provided in the Tender Offer Memorandum).

Announcements and notices to be given to Qualifying Holders in connection with the Offer will be made (i) by way of communication to the Spanish Securities Market Commission (Comisión Nacional del Mercado de Valores) (the "CNMV") and (ii) by the delivery of notices to the Clearing Systems for communication to Direct Participants. Announcements may also be made by issue of a press release to one or more Notifying News Service(s). Copies of all such announcements, press releases and notices can also be obtained upon request from the Tender Agent.

Significant delays may be experienced
where notices are delivered through the Clearing Systems and Qualifying Holders are urged to contact the Tender Agent for the relevant
announcements during the Offer Period.

Qualifying Holders are advised