Banco Santander S.A. — Director's Dealing 2020

Feb 18, 2020

ANNEX

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	THIS NOTIFICATION RELATES TO MR. JOSE IGNACIO BENJUMEA CABEZA DE VACA.
2	Reason for the notification
a)	Position/status	DIRECTOR OF THE ISSUER.
b)	Initial notification /Amendment	INITIAL NOTIFICATION
3	auctioneer or auction monitor	Details of the issuer, emission allowance market participant, auction platform,
a)	Name	BANCO SANTANDER, S.A.
b)	LEI	5493006QMFDDMYWIAM13
4	have been conducted	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions
a)	Description of the financial instrument, type of instrument Identification code	ORDINARY SHARES OF 0.50 EURO NOMINAL (ISIN: ES0113900037) VALUE
b)	Nature of the transaction	20,759 SHARES GRANTED UNDER THE FIFTH CYCLE OF THE DEFERRED AND CONDITIONAL VARIABLE REMUNERATION PLAN.
c)	Price(s) and volume(s)
		Price(s)*	Volume(s)
		3,91 EUR	20,759

		*THE OPENING SHARE PRICE ON THE DAY ON WHICH THE SHARES WERE DELIVERED (13 FEBRUARY 2020) WAS EUR 3,91.
d)	Aggregated information	ORDINARY SHARES OF 0.50 EURO NOMINAL (ISIN: ES0113900037): VALUE
	- Aggregated volume	Price	Volume
	- Price	3,91 EUR	20,759
e)	Date of the transaction	2020-02-13
f)	Place of the transaction	XMAD