Company: BCDRF
Filing Date: 2025-06-24
Form Type: F-X
Source: 0000950103-25-007737
Chunk: 1

Company: Banco Santander, S.A.
Filing Date: 2025-06-24
Form: F-X
Chunk 1
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 of process and file an amended Form F-X if the Filer discharges  
 the Agent or the Agent is unwilling or unable to accept service on behalf of the Filer at any time until six years have elapsed following 
 the effective date of the latest amendment to the Form CB.                                                                                |

The Filer further
undertakes to advise the Commission promptly of any change to the Agent’s name or address during the applicable period by amendment
of this Form, referencing the file number of the relevant form in conjunction with which the amendment is being filed.

| G. | The Filer undertakes to make available, in person or by telephone, representatives to respond to inquiries made by the Commission           
 staff, and to furnish promptly, when requested to do so by the Commission staff, information relating to: the Forms, Schedules and offering 
 statements described in General Instructions I. (a), I. (b), I. (c), I. (d) and I. (f) of this Form, as applicable; the securities to       
 which such Forms, Schedules and offering statements relate; and the transactions in such securities.                                        |

The Filer certifies that it has duly caused this power of attorney,
consent, stipulation and agreement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Madrid, country
of Spain, this 24 day of June, 2025.

|     | Banco Santander, S.A.                  |
| By: | /s/ José Antonio Soler Ramos           |
|     | Name: 	José Antonio Soler Ramos        |
|     | Title: 	Deputy Chief Financial Officer |

This statement has been signed by the following person in the capacity and on the date indicated.

|     | BANCO SANTANDER, S.A., NEW YORK BRANCH AS AGENT FOR SERVICE OF PROCESS IN THE UNITED STATES |
| By: | /s/ Mercedes Pacheco                                                                        |
|     | Name: 	Mercedes Pacheco                                                                     |
|     | Title: 	Managing Director, Legal, Authorized U.S. 	Representative                           |
|     | Date:	June 24, 2025                                                                         |

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