Investor Presentaiton

Net fee income maintained its positive trajectory driven by resilient growth from transactional fees, reflecting the economic recovery Net fee income (€ mn) 9M'22 9M'21 YoY (%) QoQ (%) Transactional fees 217 194 12.3 -2.7 Payment methods 87 74 17.0 3.1 122 123 121 Account admin. and 115 116 62 62 58 6.8 -6.8 maintenance Exchange and commercial 39 34 14.0 -11.2 bills Other transactional 29 27 9.1 1.1 Investment and pension funds 31 30 3.2 -2.9 Insurance 95 54 84 13.6 0.1 Securitites and custody 4 5 -15.0 -25.3 services Other 18 12 47.6 31.2 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Total net fee income 366 325 12.7 -1.2 Santander 15

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