Company: BCDRF
Filing Date: 2025-02-25
Form Type: S-8
Source: 0000950103-25-002428
Chunk: 3

Company: Banco Santander, S.A.
Filing Date: 2025-02-25
Form: S-8
Chunk 3
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 this registration statement.

Directors and Officers Insurance

Banco Santander maintains an insurance policy
that protects officers and directors of Banco Santander and its consolidated subsidiaries from civil liabilities incurred as a result
of actions taken in their official capacity associated with any civil, criminal or administrative process.

Item 7. Exemption from Registration Claimed.

Not applicable.

Item 8. Exhibits.

| Exhibit          
 Number           
 4.1              
 4.2              |     | English translation of the Bylaws (Estatutos) of Banco Santander, S.A. (incorporated herein by reference to Exhibit 1.1 to our annual report on Form 20-F, filed on February 21, 2024)                                                                                                                                                                                                                 
 Form of Amended and Restated Deposit Agreement dated as of September 7, 2021, among Banco Santander S.A., Citibank, N.A. as Depositary, and all Owners and Holders from time to time of American Depositary Shares issued thereunder (incorporated herein by reference to Exhibit (a) to our Registration Statement on Form F-6 (File No. 333-259373) (filed with the Commission on September 7, 2021) |
|:-----------------|:----|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.3              |     | Form of American Depositary Receipt (included in Exhibit 4.2)                                                                                                                                                                                                                                                                                                                                          |
| 5                |     | The American Depositary Shares awarded to participants under the Plans will be acquired based on open market purchases at prevailing market prices. Because such purchases do not involve the issuance by the Registrant of any new Shares and because such plans are not subject to ERISA, an opinion of counsel is not included with this Registration Statement                                     |
| 23.1*            |     | Consent of PricewaterhouseCoopers Auditores, S.L., independent registered public accounting firm                                                                                                                                                                                                                                                                                                       |
| 24*              |     | Powers of Attorney (included in the signature pages hereto)                                                                                                                                                                                                                                                                                                                                            |
| 99.1*            |     | Regulations for the Fourteenth Cycle of the Deferred and Conditional Variable Remuneration Plan                                                                                                                                                                                                                                                                                                        |
| 99.2*            |     | Regulations for the Ninth Cycle of the Deferred Multiyear Objectives Variable Remuneration Plan                                                                                                                                                                                                                                                                                                        |
| 99.3*            |     | Banco Santander, S.A. Buyouts Procedure                                                                                                                                                                                                                                                                                                                                                                |