H1'22 Financial Results and PagoNxt Highlights

Capital Interest rate risk hedging Mostly positive interest rate sensitivity 12m net interest income sensitivity to a +/-100 bp parallel shift € mn, May-22 +100 bps -100 bps 1 +751 -882 ALCO portfolios reflect our geographic diversification Distribution of ALCO portfolios by country %, Jun-22 Other South SCF, America, 7% 8% Chile, 11% Spain, 5% UK, 5% 米 2 +303 -334 €99bn Brazil, 15% Poland, 13% o/w HTC&S €63bn 3 +143 -154 -109 +109 (1) Parent bank. Santander (2) Ring-fenced bank. (3) SBNA. SC USA has positive sensitivity under a -100 bp shift scenario. Portugal, 2% Mexico, USA, 17% 17% 29

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