January - March. Quarterly Shareholder Report

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1 January - March 2015 Quarterly Shareholder Report

The Santander share ADR value during 2015 USD Opening (02.01.2015) 8.42 Maximum 8.50 Minimum 6.61 Closing (31.03.2015) 7.45 International market capitalization ranking Source: Bloomberg.

2 The Santander share ADR value during 2015 USD Opening ( ) 8.42 Maximum 8.50 Minimum 6.61 Closing ( ) 7.45 International market capitalization ranking Source: Bloomberg. Date: March 31, 2015 The Santander ADR ended the first quarter of 2015 at 7.45 dollars per share, representing a fall of 10.6% in the quarter, influenced by an 11.3% appreciation of the dollar against the euro. In the same period, the Dow Jones Industrial Average registered a fall of 0.3%, and the main international indices the DJ Stoxx Banks and the DJ Stoxx 50 climbed 13.5% and 14.3% respectively. Santander: 1 st bank in the eurozone based on stock market value and 11 th in the world Billions of USD 1 - Wells Fargo & Co USA ICBC China JP Morgan Chase & Co USA China Construction Bank China Bank of China China Agricultural Bank of China China HSBC UK Bank of America USA Citigroup USA C wealth Bank of Australia Australia Banco Santander Spain Westpac Banking Corp. Australia Mitsubishi UFJ Financial Group Japan Royal Bank of Canada Canada Goldman Sachs USA 84.6 Source: Bloomberg. Date: March 31, 2015

3 Dividends The next Santander dividend: paid in August 2015 as a standard cash dividend at EUR 0.05 per share After this first dividend, the Bank intends to pay out the remaining dividends of the 2015 financial year in the following way: November 2015 Second dividend through the Scrip Dividend Program February 2016 Third dividend in cash May 2016 Fourth dividend in cash

4 Results and balance sheet Santander recorded profits of EUR 1,717 million, with an increase of 32% from the year before In the first quarter of 2015, Santander made attributable profit of EUR 1,717 million, 32% more than in the same period of Of the ten core markets in which the Group operates, only Chile reported a decline in profits. The strong growth was supported by the Bank s three large markets: Brazil, UK and Spain. Attributable profit - 1Q 15 / 1Q 14 performance 1Q 15 attributable profit % change from 1Q 14 Millon euros Constant EUR Current EUR Brazil % +42% UK % +27% Spain % +42% USA % +56% SCF SCF % +11% Mexico % +21% Chile % -11% Poland Argentina Portugal 90 +6% % % +6% +44% +58% Results (Million euros) Net interest income Gross income Pre-provision profit (net operating income) Profit before taxes Attributable profit for the Group 1Q 15 1Q 14 (%) 8,038 6, ,444 10, ,067 5, ,990 2, ,717 1, Variations Excluding exchange rate (%)

5 Quarterly attributable profit (Million euros) 1,205 1,050 1, ,303 1,453 1,605 1,455 1,717 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 2Q 14 3Q 14 4Q 14 1Q 15 Balance sheet At the end of the quarter, total managed and marketed business amounted to EUR 1,545,444 million, of which EUR 1,369,689 million were on the balance sheet, and the remainder were investment and pension funds and managed portfolios. Compared with March 2014 and in constant currency: - Lending rose 7% with general increases in all areas except Portugal. - An increase of 8% in customer funds, in Latin America and the US in particular. Total shareholder equity stood at EUR 91,915 million, following a quarterly increase of 14% and a 27% increase in year-on-year terms. Total assets Net customer loans Customer deposits Managed and marketed customer funds Stockholders equity Total managed and marketed funds (Million euros) Mar 15 Mar 14 Change (%) 1,369, , ,362 1,091,174 91,915 1,545,444 1,168, , , ,704 72,117 1,313, Rating agencies - Grupo Santander 31 March 2015 Long term Short term Perspective DBRS A R1 (low) Stable Fitch Ratings A- F2 Stable GBB Rating A+ Stable Moody s Baa1 P-2 Under review* Standard & Poor s BBB+ A-2 Stable Scope A+ Stable (*)for upgrade

6 Summary of shareholder and capital position Shareholder evolution Capital stock ownership 3,240,395 3,230,808 March 31, 2015 The Board of directors 1.31% Dec 14 Mar 15 Institutional investors 56.94% Individuals 41.75% Shareholders and volume March 31, 2015 Shareholders (total number) 3,230,808 Shares outstanding (number) 14,060,585,886 Average daily turnover (number of shares) 126,193,519 Share liquidity (%) (Number of shares traded during the year/number of shares) 57 Geographical distribution of capital share March 31, 2015 America 16.53% Europe Other 83.03% 0.44% Distribution of capital by tranches March 31, 2015 Share Held Shareholders Shares %Share capital ,625, ,584, % 201 1, , ,125, % 1,001 3, , ,979, % 3,001 30, ,108 2,820,882, % 30, ,000 25,454 1,699,552, % More than 400, ,278,461, % Total 3,230,808 14,060,585, %

News Banco Santander celebrates its 2015 Annual General Meeting At the event, the Santander Group Executive Chairman, Ana Botín, said: Santander is well positioned to face the challenges.

Our goal is that the dividend should follow the same trend as profits generated by the Group, distributing between 30% and 40% of recurring profit.

7 News Banco Santander celebrates its 2015 Annual General Meeting At the event, the Santander Group Executive Chairman, Ana Botín, said: Santander is well positioned to face the challenges. We will lead change. We have room for growth within our customer base and in our ten core markets. We do not need to make acquisitions. Our goal is that the dividend should follow the same trend as profits generated by the Group, distributing between 30% and 40% of recurring profit. It is just as important to offer a total return to our shareholders which is better than our competitors, as it is to obtain growth in earnings per share and dividends. During the 2014 year, total shareholder return was 17.2% compared with an average of 2% amongst our competitors. The attention to and relationship with our shareholders has always been one of Santander s priorities, and will continue to be. AGM activities aligned with Santander s new corporate culture of Simple, Personal and Fair : The Chairman addressed all of the Bank s shareholders worldwide, inviting them to participate Shareholder votes helped raise funds for K.I.D.S./Fashion Delivers in the US 1 share = 1 vote A new record proxy vote, with 59.72% of the Bank s share capital taking part Benefits Discover special offers for Santander shareholders at

8 Banco Santander, S.A. Registered Address: Paseo de Pereda Santander Santander Mercantile Registry, Sheet 286, Fol. 64, Book 5 of Societies, 1 st inscription. C.I.F A Corporate Headquarters: Ciudad Grupo Santander Av. Cantabria s/n, Boadilla del Monte, Madrid (Spain) US Shareholder helpline: Spain Shareholder helpline: Portugal Shareholder helpline: UK Shareholder helpline: Mexico Shareholder helpline: Brazil Shareholder helpline: Poland Shareholder helpline: View all the latest news from Santander and the online version of this report at and via the Santander Shareholders US app

Quarterly Shareholders Bulletin. January June

Quarterly Shareholders Bulletin January June 2013 Santander share activity Market price in 2013 Euros Opening (02.01.13) 6.329 Maximum 6.678 Minimum 4.791 Closing (28.06.13) 4.902 Market capitalisation