Current Report ESPI no. 20 (2015)

Information concerning the transactions made by the obliged persons

Banco Santander S.A. (“the Bank") hereby informs that on 6 February 2015 directors of the Bank notified the Bank, that:

1) on 30 January 2015 he/she and his/her connected persons acquired 234 357 shares of the Bank (the director of the Bank acquired 1 853 shares of the Bank and connected persons acquired 232 504 shares of the Bank) in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves,

2) on 30 January 2015 he/she and his/her connected person acquired 3 706 shares of the Bank (the director acquired 2 078 shares of the Bank and connected person acquired 1 628 shares of the Bank) in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves,

3) on 30 January 2015 he/she acquired 3 shares of the Bank in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves,

4) on 30 January 2015 his/her connected person acquired 302 shares of the Bank in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves,

5) on 30 January 2015 he/she acquired 115 shares of the Bank in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves,

6) on 30 January 2015 he/she and his/her connected persons acquired 7 656 shares of the Bank (the director acquired 7 629 shares of the Bank and connected persons acquired 27 shares of the Bank) in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves,

7) on 30 January 2015 he/she and his/her connected persons acquired 59 786 shares of the Bank (the director acquired 6 522 shares of the Bank and connected persons acquired 53 264 shares of the Bank) in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves,

8) on 30 January 2015 he/she and his/her connected persons acquired 235 415 shares of the Bank (the director acquired 427 shares and the connected persons acquired 234 988 shares of the Bank in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves; on 4 February 2015 the director’s connected person acquired 6 000 000 shares of the Bank within the hereditary process following the death of Mr. Emilio Botin-Sanz De Los Rios,

9) on 30 January 2015 he/she acquired 4 899 shares of the Bank in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves,

10) on 30 January 2015 his/her connected person acquired 2 688 shares of the Bank in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves,

11) on 30 January 2015 he/she acquired 3 376 shares of the Bank in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves,

12) on 30 January 2015 he/she acquired 26 shares of the Bank in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves,

13) on 30 January 2015 he/she acquired 204 shares of the Bank in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves,

14) on 30 January 2015 he/she acquired 2 513 shares of the Bank in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves,

15) on 30 January 2015 he/she acquired 6 926 shares of the Bank in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves,

16) on 30 January 2015 he/she acquired 54 shares of the Bank in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves,

17) on 30 January 2015 he/she acquired 335 shares of the Bank in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves,

18) on 30 January 2015 he/she acquired 2 607 shares of the Bank in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves,

19) on 30 January 2015 he/she acquired 26 shares of the Bank in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves,

20) on 30 January 2015 he/she acquired 2 780 shares of the Bank in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves,

21) on 30 January 2015 he/she and his/her connected persons acquired 1 175 shares of the Bank (the director acquired 1 063 shares of the Bank and the connected persons acquired 112 shares of the Bank) in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves,

22) on 30 January 2015 he/she and his/her connected persons acquired 1 497 shares of the Bank (the director acquired 1 457 shares of the Bank and the connected persons acquired 40 shares of the Bank) in the way of free allotment of shares issued by the Bank at par value in a capital increase charged to reserves,

Legal basis:

art. 160 section 4 of the Act on Trading in Financial Instruments of 29 July 2005