H1'22 Financial Results and PagoNxt Highlights

Liquidity and Funding Stock of issuances shows diversification across instruments and entities Debt outstanding by type Jun-22 Preference shares, €8.7bn, 5% Sub debt, €17.7bn, 10% Covered bonds, €43.0bn, 23% Senior, €60.3bn, 33% Includes the issuance of 3 Green Bonds in line with the Group's ESG strategy and Responsible Banking Agenda: Senior non- preferred, €52.9bn, 29% Santander Note: preference shares also includes other AT1 instruments. 7 AFFORDABLE AND CLEAN ENERGY Product Nominal Maturity Issuance spread Oct-19 Senior €1bn 7 MS +65bps 13 CLIMATE ACTION Jun-20 SNP €1bn 7 MS +140bps Jun-21 SNP €1bn 8NC7 MS +78bps 40 40

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