Retail Banking Performance Update

Portugal (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 185 184 178 174 170 171 175 231 +31.7% 722 747 +3.4% Net fee income 99 110 115 116 122 123 121 118 -2.6% 441 484 +9.8% Gains (losses) on financial transactions and other 135 1 12 2 41 (13) 23 13 -42.5% 150 64 -57.2% Total revenue 420 296 305 292 333 281 320 362 +13.4% 1,313 1,295 -1.3% Operating expenses (146) (143) (140) (134) (125) (125) (125) (126) +0.2% (563) (502) -10.9% Net operating income 274 153 165 159 207 155 194 237 +21.9% 750 793 +5.8% Net loan-loss provisions (35) (35) (25) Other gains (losses) and provisions (13) (11) (2) 54 57 (8) (3) 2 (8) (38) (17) -55.0% (1) 15 (40) 1 23 (26) (1) -97.0% Underlying profit before tax 226 107 138 215 215 112 196 252 +28.1% 685 775 +13.1% Underlying consolidated profit 156 73 95 139 148 78 136 174 +28.4% 463 536 +15.7% Underlying attributable profit 156 73 95 138 148 77 135 174 +28.5% 462 534 +15.7% Santander 30

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