2023 Highlights Digital Consumer Bank Europe

A strong first year in our new phase of value creation for our shareholders... 2023 vs. 2025 ID targets Strength FL CET1 12.3% >12% Shareholder remuneration Payout 50% Cash dividend + SBB 50% annually TNAVps + DPS +15% Double-digit growth average through-the-cycle Santander Note: Execution of the shareholder remuneration policy is subject to future corporate and regulatory decisions and approvals. Disciplined capital allocation RWAs with RoRWA > COE 84% c.85% Profitability ROTE 15.1% 15-17% 53

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