Retail Banking Performance Update

Corporate & Investment Banking (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q4'22/Q3'22 2021 2022 2022/2021 Net interest income 721 745 748 799 795 897 884 968 +9.4% 3,013 3,544 +17.6% Net fee income 488 449 445 435 529 496 480 483 +0.7% 1,817 1,988 +9.4% Gains (losses) on financial transactions and other 492 101 234 145 463 408 570 423 -25.8% 972 1,863 +91.7% Total revenue 1,702 1,296 1,427 1,378 1,787 1,801 1,934 1,874 -3.1% 5,803 7,395 +27.4% Operating expenses (572) (584) (615) (701) (625) (665) (731) (877) +20.0% (2,472) (2,898) +17.3% Net operating income 1,130 712 812 677 1,162 1,136 1,202 996 -17.1% 3,331 4,497 +35.0% Net loan-loss provisions (48) (22) (14) (69) 13 10 (8) (266) (154) (251) +63.0% Other gains (losses) and provisions (30) 30 (3) (11) (19) (36) (21) (55) +155.3% (14) (131) Underlying profit before tax 1,051 720 795 598 1,156 1,110 1,173 676 -42.4% 3,163 4,115 +30.1% Underlying consolidated profit 736 522 576 454 817 792 859 529 -38.4% 2,288 2,996 +31.0% Underlying attributable profit 697 481 535 428 762 740 807 495 -38.6% 2,141 2,805 +31.0% Santander 65

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