Banco Santander(SAN) - 2024 Q3 - Quarterly Report

Item 1 Report of Other Relevant Information dated September 30, 2024 This report outlines Banco Santander's tender offer results for Senior Non-Preferred and Senior Preferred Instruments, along with contact information, legal disclaimers, and signatory details Tender Offer Details and Results Banco Santander announced the results of its tender offer for EUR SNP and EUR SP Notes, with significant principal amounts accepted and cancelled - Banco Santander invited holders of its outstanding €1,500,000,000 1.375% Senior Non-Preferred Instruments due January 2026 and €1,750,000,000 3.750% Fixed Rate Senior Preferred Instruments due January 2026 to tender any and all such Notes for purchase for cash[5] - The Expiration Time for the Offers was 5:00 p.m. (CET) on September 27, 2024[6] Tender Offer Accepted Amounts and Prices | Description of Notes | Aggregate principal amount accepted (€) | Purchase Price (%) | Accrued Interest Amount (€) | | :----------------------------------------------------------------------- | :---------------------------------- | :----------------------------------------- | :---------------------- | | €1,500,000,000 1.375 per cent. Senior Non-Preferred Instruments due January 2026 | 502,700,000 | 98.297 | 5,117,988.70 | | €1,750,000,000 3.750 per cent. Fixed Rate Senior Preferred Instruments due January 2026 | 713,700,000 | 101.360 | 19,012,468.41 | - Notes purchased by the Offeror pursuant to the Offer will be cancelled and will not be re-issued or re-sold[8] Outstanding Nominal Amounts Following Settlement | Note Type | Outstanding Nominal Amount (Following Settlement Date) (€) | | :-------- | :--------------------------------------------------- | | EUR SNP Notes | 997,300,000 | | EUR SP Notes | 1,036,300,000 | - Payment of the relevant Tender Consideration for accepted Notes is expected to occur on the Settlement Date, October 2, 2024[9] Contact Information for Offers Contact details for the Sole Dealer Manager and Tender Agent are provided for inquiries regarding the tender offers - The Sole Dealer Manager for the offers is Santander Corporate and Investment Banking, located at Ciudad Grupo Santander, Madrid, Spain[11] - The Tender Agent is Kroll Issuer Services Limited, located at The Shard, London, United Kingdom[11] Legal Disclaimers This announcement includes important disclaimers regarding its distribution and advises qualifying holders to seek independent professional advice - This announcement is not for release, publication, or distribution in or into or to any person located or resident in any jurisdiction where or to whom it is unlawful to do so[12] - The announcement must be read in conjunction with the Tender Offer Memorandum, which contains important information[14] - Qualifying Holders are recommended to seek their own financial, legal, regulatory, and tax advice immediately from a professional adviser if in doubt about the contents or actions to take[14] Signature The report is formally signed on behalf of Banco Santander, S.A. by an authorized signatory - The report was signed on September 30, 2024[16] - The signatory is Pedro de Mingo Kaminouchi, Head of Regulatory Compliance for Banco Santander, S.A.[16]