Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 406

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 406
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 |     | 16,459 |     | 8%           |     | 15,250 |     | 5%           |     | 14,547 |     | —            |     | -2,076 |
| Ordinary RoTE                                           |     | 16.27% |     | 8%           |     | 15.06% |     | 13%          |     | 13.37% |     | 5%           |     | 12.73% |     | 71%          |     |  7.44% |
| Employees' average remuneration4(EUR thousand)          |     |     61 |     | 5%           |     |     58 |     | 3%           |     |     56 |     | 1%           |     |     56 |     | 18%          |     |     47 |
| Employees' average remuneration in Spain5(EUR thousand) |     |     75 |     | 3%           |     |     73 |     | 6%           |     |     68 |     | 10%          |     |     62 |     | -2%          |     |     63 |

1.Non-executive directors' remuneration fluctuations are caused by joining or leaving the Board of Directors and the difference in the amount of meetings they assist during the year. Hence there is no correlation between their remuneration and the company performance.

2.The remuneration of Luis Isasi includes EUR 1,000 thousand for his role as non-executive Chair of the Santander España business unit and for attending its board and committee meetings.

3. Group operating profit/(loss) before tax.

4. Employee average remuneration includes all concepts. Full-time equivalent data. Variable remuneration data accrued in the current year.

5. Total employees in Spain geography. Fixed remuneration + effective bonus received in the year. Not included rest of concepts. Not impacted by exchange rates.

| Comments (Not included in the electronic submission to the CNMV)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| nThe variable remuneration only includes the amounts related to the position of executive director of Banco Santander S.A. For the construction of "short-term variable remuneration" and "long-term variable remuneration" information has been used the consolidation criteria of CNMV. In 2024 there was no