Retail Banking Performance Update

Wealth Management & Insurance (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q4'22/Q3'22 2021 2022 2022/2021 Net interest income 118 120 125 130 147 182 222 275 +23.9% 492 825 +67.7% Net fee income 306 322 327 346 327 330 320 314 -1.7% 1,301 1,291 -0.8% Gains (losses) on financial transactions and other 131 117 212 73 124 119 131 117 -10.7% 533 492 -7.8% Total revenue 554 559 665 549 598 631 673 706 +5.0% 2,326 2,608 +12.1% Operating expenses (237) (239) (239) (248) (250) (250) (257) (284) +10.3% (962) (1,041) +8.2% Net operating income 318 320 425 301 347 381 416 423 +1.7% 1,364 1,566 +14.8% Net loan-loss provisions (4) (6) (10) (19) 0 (9) (5) (1) -78.6% (39) (14) -63.8% Other gains (losses) and provisions (4) (2) 16 (3) (5) (8) (4) (9) +135.4% 7 (26) Underlying profit before tax 310 312 431 279 343 363 407 413 +1.3% 1,331 1,526 +14.6% Underlying consolidated profit 234 238 323 221 264 284 314 318 +1.2% 1,016 1,179 +16.0% Underlying attributable profit 222 227 312 208 249 268 297 304 +2.1% 970 1,118 +15.3% Santander 67

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