Company: BCDRF
Filing Date: 2025-10-31
Form Type: 424B5
Source: 0001193125-25-260533
Chunk: 305

Company: Banco Santander, S.A.
Filing Date: 2025-10-31
Form: 424B5
Chunk 305
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/2006, of 29 November, on prevention measures and actions against tax fraud, as amended through Law 11/2021, of 9 July, and as amended and restated from time to time) or through a member state of the EEA not having an effective exchange of tax information agreement with Spain in force or (b) resident for tax purposes of a country which has entered into a DTT with Spain which provides for an exemption from Spanish tax or a reduced withholding tax rate with respect to interest payable to any holder, who is fully entitled to the benefits of such DTT.

| 4.2 | Net Wealth Tax (Impuesto sobre el Patrimonio) and Solidarity Tax (Impuesto Temporal de Solidaridad 
 de las Grandes Fortunas)                                                                           |

See “ —Individuals with Tax Residency in Spain—Net Wealth Tax (Impuesto sobre el Patrimonio) and Solidarity Tax( Impuesto Temporal de Solidaridad de las Grandes Fortunas)” and “ —Individuals and legal entities with no tax residency in Spain—Net Wealth Tax (Impuesto sobre el Patrimonio) and Solidarity Tax( Impuesto Temporal de Solidaridad de las Grandes Fortunas)”. 5. Information about the contingent convertible capital securities in connection with payments As described above, interest and other income paid with respect to the contingent convertible capital securities listed on a regulated market, a multilateral trading facility or an organized market will not be subject to Spanish withholding tax provided that the procedures for delivering to Banco Santander the information described in Exhibit 99.1 of this prospectus are complied with in a timely manner. The information obligations to be complied with in order to apply the exemption are those laid down in Section 44.5. In accordance with this provision, the following information with respect to the contingent convertible capital securities must be submitted to Banco Santander by the paying agent before the close of business on the business day immediately preceding the date on which any payment of interest, principal or of any amounts in respect of the early redemption of the contingent convertible capital securities (each, the Payment Date) is due. Such information comprises:

| (i) | identification of the contingent convertible capital securities with respect to which the relevant payment is 
 made;                                                                                                         |

| (ii) | income payment date (or refund if the contingent convertible capital securities are issued at discount or are 
 segregated);                                                                                                  |

| (iii) | total amount of income (or total amount to be