Financial Performance Update Q3'22

Underlying attributable profit fell 1% YoY impacted by higher costs and LLPs, partially offset by the increase in revenue and lower tax burden Underlying Attributable Profit (Constant € mn)1 9M'22 9M'21 YoY (%) QoQ (%) 712 655 660 674 PBT 3,316 4,120 -19.5 -8.0 640 Tax on profit (1,059) (1,828) -42.1 -3.8 Consolidated profit 2,257 2,293 -1.6 -9.7 Minority interests (230) (235) -2.2 -5.8 Underlying attributable 2,027 2,057 -1.5 -10.1 profit Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 (1) Average exchange rate as at 9M'22. Santander Effective tax rate 31.9% 44.4% -12.4pp 20 20

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