Q1'22 Financial Update

Strong revenue performance, efficiency enhancement drove 21% PBT growth and +26% in profit YoY Underlying Attributable Profit (GBP mn) Q1'22 Q1'21 YoY (%) QoQ (%) PBT 420 348 20.9 -11.9 380 Tax on profit (106) (98) 8.2 -13.7 354 338 314 Consolidated profit 314 249 25.9 -11.3 249 Minority interests 0 0 Underlying attributable profit 314 249 25.9 -11.3 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Santander Effective tax rate 25.3% 28.3% -3.0 pp 20 20

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