Company: BCDRF
Filing Date: 2025-04-04
Form Type: 6-K
Source: 0000950103-25-004384
Chunk: 5

Company: Banco Santander, S.A.
Filing Date: 2025-04-04
Form: 6-K
Chunk 5
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 on which the shares of the Company are admitted to trading, as well as before the regulators and governing bodies of the markets 
 on which the Company’s shares are traded.                                                                                                  |

| (f) | To publish such announcements as may be necessary or appropriate in relation to the Programme Reduction         
 and take all actions necessary for the effective cancellation of the own shares referred to in this resolution. |

| (g) | To engage in such formalities and take such actions as are necessary and to submit to the competent bodies                                   
 such documents as may be required such that, once the cancellation of the shares of the Company and the execution of the corresponding       
 capital reduction instrument and the registration thereof with the Commercial Registry have occurred, the cancelled shares will be excluded  
 from trading through the Automated Quotation System (Sistema de Interconexión Bursátil) (Continuous Market) on the                           
 Madrid, Barcelona, Bilbao and Valencia Stock Exchanges and the corresponding book-entry records will be cancelled; and to make such requests 
 and engage in such formalities and actions as may be necessary to exclude the cancelled shares from trading on any other stock exchanges     
 or securities markets on which the Company’s shares are or may be listed, in accordance with the procedures established on each              
 such stock exchange or securities market, and to cancel the corresponding book-entry records.                                                |

| (h) | To take such actions as may be necessary or appropriate to implement and formalise the Programme Reduction                                  
 before any public or private, Spanish or foreign authorities or agencies, including actions for purposes of statement, supplementation,     
 or correction of defects or omissions that might prevent or hinder the full effectiveness of the preceding resolutions, all on the broadest 
 terms thereof.                                                                                                                              |

Pursuant to the provisions of Section 249bis.(l)
of the Spanish Capital Corporations Law, the board of directors is expressly authorised to delegate in turn (with the power of substitution
when appropriate) to the executive committee and/or to any director with delegated powers, all delegable powers referred to in this resolution,
all without prejudice to the representative powers that currently exist or may be granted in relation to this resolution.

Furthermore, and in relation to the current authorisation
to acquire own shares that the shareholders approved at the ordinary general shareholders’ meeting of 31 March 2023 under item 5
C of the agenda, and to any other authorisation that may hereafter replace it, it is stated for the record that the shares cancelled pursuant
to this resolution are