Retail Banking Performance Update

United States (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 1,310 1,300 1,332 1,356 1,378 1,499 1,669 1,594 -4.5% 5,298 6,140 +15.9% Net fee income 241 191 174 176 197 198 194 183 -5.3% 782 771 -1.4% Gains (losses) on financial transactions and other 324 318 316 239 236 157 139 180 +29.4% 1,196 713 -40.4% Total revenue 1,875 1,809 1,822 1,771 1,811 1,854 2,001 1,957 -2.2% 7,277 7,623 +4.8% Operating expenses (748) (783) (815) (850) (798) (883) (953) (964) +1.1% (3,197) (3,599) +12.6% Net operating income 1,127 1,025 1,007 920 1,013 970 1,048 993 -5.3% 4,080 4,025 -1.4% Net loan-loss provisions (165) 9 (294) 31 (256) (338) (513) (637) +24.1% (419) (1,744) +316.4% Other gains (losses) and provisions (15) 15 (6) (110) (19) 7 (5) (3) -50.9% Underlying profit before tax 947 1,049 708 841 738 640 530 354 -33.3% (116) 3,546 2,261 (20) -83.0% -36.2% Underlying consolidated profit 720 799 575 652 583 507 399 294 -26.3% 2,746 1,784 -35.0% Underlying attributable profit 598 655 479 519 583 507 399 294 -26.3% 2,252 1,784 -20.8% Santander 38

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