Company: BCDRF
Filing Date: 2025-01-16
Form Type: 6-K
Source: 0000950103-25-000553
Chunk: 5

Company: Banco Santander, S.A.
Filing Date: 2025-01-16
Form: 6-K
Chunk 5
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 to check
with any Intermediary through which they hold their Notes as to the deadlines by which such Intermediary would require receipt of instructions
from Qualifying Holders to participate in, or to withdraw their instructions to participate in, the Offer in accordance with the terms
and conditions of the Offer as described in the Tender Offer Memorandum in order to meet the relevant deadlines (which will be earlier
than the deadlines set out above) and the corresponding deadlines set by the Clearing Systems.

Banco Santander, S.A. is acting as Sole Dealer
Manager for the Offer and Kroll Issuer Services Limited is acting as Tender Agent. For detailed terms of the Offer please refer to the
Tender Offer Memorandum which (subject to offer and distribution restrictions) can be obtained from the Sole Dealer Manager and the Tender
Agent referred to below.

Holders having questions regarding the Offer may
contact the Sole Dealer Manager and the Tender Agent at the contact details set out at the end of this announcement. Questions or requests
for assistance in participating in the Offer and the delivery of Tender Instructions may be directed to the Tender Agent.

<div align='center'>SOLE DEALER MANAGER</div>

| Santander Corporate and Investment Banking    
 Ciudad Grupo Santander                        
 Avenida de Cantabria s/n                      
 28660                                         
 Madrid, Spain                                 
 Attn: Liability Management                    
 Email: liabilitymanagement@gruposantander.com |
| THE TENDER AGENT                              
 Kroll Issuer Services Limited                 
 The Shard                                     
 32 London Bridge Street                       
 London SE1 9SG                                
 United Kingdom                                
 Tel: +44 20 7704 0880                         
 Attn: David Shilson / Scott Boswell           
 Email: santander@is.kroll.com                 
 Website: https://deals.is.kroll.com/santander |

Boadilla del Monte (Madrid), 16 January 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE OR TO WHOM IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

<div align='center'>ADDITIONAL INFORMATION</div>

This announcement must be read in conjunction with
the Tender Offer Memorandum. This announcement and the Tender Offer Memorandum contain important information which should be read carefully
before any decision is made with respect to the Offer. If any Qualifying Holder is in any doubt as to the contents