Banco Santander S.A. — Director's Dealing 2021

Feb 19, 2021

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 ANTONIO ALVAREZ ALVAREZ
2	Reason for the notification
a)	Position/status	CEO 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	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 have been conducted
a)	Description of the financial instrument, type of instrument	ORDINARY SHARES OF 0.50 EURO NOMINAL VALUE (ISIN: ES0113900037)
	Identification code
b)	Nature of the transaction	OTHER: SHARES GRANTED UNDER REMUNERATIONS PLANS
c)	Price(s) and volume(s)
		Price(s)*	Volume(s)
		-	22,732 1

		-	19,718 2
		-	11,136 3
		-	36,657 4
		-	37,782 5
		*THE OPENING SHARE PRICE ON THE DAY ON WHICH THE SHARES WERE DELIVERED (16
		FEBRUARY 2021) WAS EUR 2.91.
		1 SHARES GRANTED UNDER THE FIFTH CYCLE
		OF THE DEFERRED AND CONDITIONAL
		VARIABLE REMUNERATION PLAN.
		2
		SHARES GRANTED UNDER THE FIRST CYCLE OF THE DEFERRED MULTIYEAR OBJECTIVES
		VARIABLE REMUNERATION PLAN.
		3 SHARES GRANTED UNDER THE SECOND
		CYCLE OF THE DEFERRED MULTIYEAR
			OBJECTIVES VARIABLE REMUNERATION PLAN.
		4 SHARES GRANTED UNDER THE THIRD CYCLE
		OF THE DEFERRED MULTIYEAR OBJECTIVES
		VARIABLE REMUNERATION PLAN.
		5 SHARES GRANTED UNDER THE FORTH CYCLE
		OF THE DEFERRED MULTIYEAR OBJECTIVES
		VARIABLE REMUNERATION PLAN.
d)	Aggregated information	ORDINARY SHARES OF 0.50 EURO NOMINAL
		VALUE (ISIN: ES0113900037):
	- Aggregated volume	Price	Volume
		-	128,025
	- Price
e)	Date of the transaction	2021-02-16
f)	Place of the transaction	XMAD