Investor Presentaiton

Positive performance in key metrics... Efficiency ratio 46.2% 45.5% 45.0% FY'21 H1'22 2022 target ROTE 13.7% 12.0% >13.0% • FY'21 H1'22 2022 target Santander Note: FY'21 underlying ROTE of 12.7%. • Best-in-class efficiency, supported by higher revenue and ongoing cost management Our transformation plan continues to progress towards a more integrated and digital operating model ROTE improved 1.7pp vs. FY'21. Above European banks average profitability We are on track to reach our 2022 target 49

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