Company: BCDRF
Filing Date: 2025-04-04
Form Type: 6-K
Source: 0000950103-25-004384
Chunk: 2

Company: Banco Santander, S.A.
Filing Date: 2025-04-04
Form: 6-K
Chunk 2
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Registro Oficial de Auditores de Cuentas) of the Accounting and Audit Institute
(Instituto de Contabilidad y Auditoría de Cuentas) of the Ministry of Economy, Commerce and Business under number S0242,
as external auditor for the verification of the annual accounts and of the directors’ report of the Bank and of the consolidated
Group for financial year 2025.

5ºTo appoint PricewaterhouseCoopers
Auditores, S.L., with registered office in Madrid at Paseo de la Castellana, no. 259 B, with Tax ID Code B-79031290 and registered in
the Official Registry of Auditors of Accounts (Registro Oficial de Auditores de Cuentas) of the Accounting and Audit Institute
(Instituto de Contabilidad y Auditoría de Cuentas) of the Ministry of Economy, Commerce and Business under number S0242,
as the verifier of sustainability information for financial year 2025. This appointment is subject to it being necessary or possible under
the Spanish law transposing Directive (EU) 2022/2464 of 14 December 2022 into the Spanish legal system. Given the absence of transposition
to date, the board of directors is expressly authorised to interpret, develop, supplement and adapt this resolution to the requirements
that may be legally necessary for its effectiveness, including those arising from future regulatory changes such as the transposition
of the aforementioned directive into Spanish law.

6º A

| · | Reduction in share capital through the cancellation 
 of own shares                                       |

It is hereby resolved to reduce the Bank’s
share capital in the aggregate nominal value, subject to the maximum amount indicated below, represented by the shares, with a nominal
value of fifty euro cents each, to be acquired through a share buyback programme (the “Programme”) addressed to all shareholders,
which was approved by the board at its meeting held on 4 February 2025 and that is implemented pursuant to applicable legal provisions
and under the authorisation for the acquisition of own shares granted by the shareholders at the ordinary general shareholders’
meeting held on 31 March 2023 under item 5 C of the agenda (the “Shareholder Approval”). The maximum amount of the Programme
is EUR 1,587 million and the maximum number of own shares to be acquired is 1,413,743,296 (the “MNOSA”). Accordingly, the
maximum amount of the capital reduction will be EUR 706,871