Q1'22 Financial Update

Productivity measures are paying off, delivering good cost control, despite our continued investments in IT Operating expenses (GBP mn) 569 558 545 555 562 Q1'22 Q1'21 YoY (%) QoQ (%) Operating Expenses 562 569 -1.3 1.3 Branches (#) 450 564 -20.2 0.0 Employees (#) 18,689 21,581 -13.4 0.0 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Santander 17 +

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