Company: BCDRF
Filing Date: 2025-06-24
Form Type: 6-K
Source: 0000950103-25-007723
Chunk: 8

Company: Banco Santander, S.A.
Filing Date: 2025-06-24
Form: 6-K
Chunk 8
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ree No. 58 of 24 February 1998, as amended (the "Financial Services Act") and article 35-bis, paragraph
4 of CONSOB Regulation No. 11971 of 14 May 1999, as amended. Holders or beneficial owners of the Preferred Securities that are located
in Italy may tender their Preferred Securities in the Offer through authorised persons (such as investment firms, banks or financial intermediaries
permitted to conduct such activities in Italy in accordance with the Financial Services Act, CONSOB Regulation No. 20307 of 15 February
2018, as amended from time to time, and Legislative Decree No. 385 of 1 September 1993, as amended) and in compliance with applicable
laws and regulations or with requirements imposed by CONSOB or any other Italian authority.

Each intermediary must comply with the applicable
laws and regulations concerning information duties vis-à-vis its clients in connection with the Preferred Securities and/or the
Offer.

Spain

Neither the Offer nor the Tender Offer Memorandum
constitute an offer of securities or the solicitation of an offer of securities in Spain which require the approval and the publication
of a prospectus under Regulation (EU) 2017/1129, Spanish Law 6/2023, of 17 March, on the Securities Markets and the Investment Services
(Ley 6/2023, de 17 de marzo, de los Mercados de Valores y de los Servicios de Inversión), as amended from time to time,
and its ancillary and related regulations. Accordingly, the Tender Offer Memorandum has not been and will not be submitted for approval
nor approved by the CNMV.

General

The Tender Offer Memorandum does not constitute
an offer to buy or the solicitation of an offer to sell Preferred Securities, and tenders of Preferred Securities for purchase pursuant
to the Offer will not be accepted from Holders, in any circumstances in which such offer or solicitation is unlawful.

Each holder of Preferred Securities participating
in the Offer will also be deemed to give certain representations and warranties in respect of the jurisdictions referred to above and
generally as set out in "Procedures for submitting Offers to Sell - Representations, warranties and undertakings by the Holders and Direct Participants" of the Tender Offer Memorandum. Any Offer to Sell Preferred Securities pursuant to the Offer from a
Holder or its Direct Participant that is unable to make these representations and warranties will not be accepted