Q1'21 Earnings Presentation

Strategy and business Customer fund YoY increase was boosted by demand deposits from individuals (+27%) and mutual funds Total customer funds (Constant EUR bn) 1 41.3 41.2 40.9 41.3 41.7 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Santander Group criteria (1) Excluding repos. End period exchange rate as at Mar-21. Mar-21 Mar-20 YoY (%) QoQ (%) Demand 21.6 20.9 3.6 3.9 Time 8.8 10.2 -13.8 -8.6 Total deposits 30.5 31.1 -2.1 -0.1 Mutual Funds 11.3 10.2 10.8 4.0 Total customer funds 41.7 41.3 1.1 1.0 12

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