Retail Banking Performance Update

Digital Consumer Bank (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 999 1,014 1,019 1,010 1,015 1,010 1,000 997 -0.2% 4,043 4,022 -0.5% Net fee income 188 206 222 204 206 218 204 215 +5.4% 820 843 +2.8% Gains (losses) on financial transactions and other 61 23 72 86 86 30 111 177 +58.7% 241 404 +67.5% Total revenue 1,249 1,243 1,313 1,301 1,306 1,259 1,315 1,389 +5.6% 5,105 5,269 +3.2% Operating expenses (601) (613) (592) (598) (642) (601) (605) (615) +1.6% (2,403) (2,462) +2.4% Net operating income 647 630 721 703 665 658 710 774 +9.0% 2,702 2,807 +3.9% Net loan-loss provisions (166) (142) (141) (78) (147) (139) (142) (116) -18.4% (528) (544) +3.1% Other gains (losses) and provisions (31) (44) (43) (74) (17) (11) 4 (3) (192) (27) -86.0% Underlying profit before tax 450 444 537 552 500 508 573 656 +14.5% 1,983 2,237 +12.8% Underlying consolidated profit 333 331 422 431 390 386 427 485 +13.7% 1,517 1,687 +11.2% Underlying attributable profit 253 238 326 354 281 290 336 401 +19.2% 1,171 1,308 +11.7% Santander 50 60

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